- GM Energy will consist of Ultium Home, Ultium Commercial and
Ultium Charge 360, expanding business opportunities to include
energy management services and drive growth beyond the core vehicle
portfolio
- GM Energy's solutions are designed to provide customers with
more seamless and integrated energy management and help improve
grid resiliency
- A growing number of large-scale companies across the U.S.
have already signed on to receive energy solutions through GM
Energy's portfolio of products and services, and collaborate with
GM to pilot and develop expanded offerings through the energy
ecosystem
DETROIT, Oct. 11,
2022 /PRNewswire/ -- General Motors today
announced the introduction of Ultium Home and Ultium Commercial,
which in combination with the existing Ultium Charge 360, create a
holistic ecosystem of energy management products and services that
will be housed under a new business unit called GM Energy.
GM Energy's connected product and service offerings are designed
to offer cohesive energy management for home, commercial and EV
customers, with solutions ranging from bi-directional charging,
vehicle-to-home (V2H) and vehicle-to-grid (V2G) applications, to
stationary storage, solar products, software applications, cloud
management tools, microgrid solutions, hydrogen fuel cells and
more. GM Energy's services will also enable the sale of energy from
EV and stationary storage batteries back to utilities during peak,
high energy consumption periods, unlocking even more potential
value for customers and increasing resiliency for the electrical
grid.
"The reliability of the U.S. electrical power grid has never
been more important," said Travis
Hester, vice president of GM EV Growth Operations. "GM
Energy has the opportunity to help deliver sustainable energy
products and services that can help mitigate the effect of power
outages and provide customers with resilient and cost-effective
energy management."
The central interface for GM Energy's solutions will be GM's
Energy Services Cloud, which will house data and energy management
tools, connecting customers seamlessly with residential, fleet and
commercial energy assets. Customers will be able to simply and
efficiently manage their energy consumption through GM's energy
software applications. GM has already enrolled EV customers in
managed charging programs through the Energy Services Cloud, with
multiple utilities across four U.S. states and growing.
Several large-scale companies across the U.S. have already
agreed to work with GM Energy to provide energy solutions to
customers and receive product or service offerings.
Among them is an agreement with SunPower, one of the
nation's leading solar technology and energy services providers.
Together, the two companies will develop and offer customers a home
energy system which will consist of integrated EV and battery
solutions, solar panels and home energy storage. A primary feature
of the home energy system is expected to enable drivers to deliver
power to their homes with the battery in their compatible electric
vehicle, designed to give them the ability to power their home's
necessities in a blackout or draw from stored energy during peak
rate times. SunPower will also become a preferred installer
for the home energy system and offer customers the opportunity to
add solar to their home. The home energy system will be available
alongside the retail launch of the 2024 Chevrolet Silverado EV,
expected to begin production in fall 2023.
Another initiative includes a V2H pilot project between GM
Energy and Pacific Gas and Electric Company (PG&E) planned to
enable residential customers to use their compatible EVs along with
a bi-directional charger, as backup power for essential home needs
during short-term power outages. After initial lab tests, the two
companies anticipate expanding the V2H offer to a subset of
residential customers within PG&E's service area, expected to
begin in 2023.
GM Energy is also working with several other companies such
as Con Edison, Graniterock and New Hampshire Electric
Cooperative (NHEC) to help deliver energy solutions to
customers, while also helping to inform and advance future GM
Energy offerings.
"GM Energy's mission is to offer customers access to a full
suite of energy products and services, including solutions beyond
the vehicle, accelerating the seamless transition to an
all-electric future," said Hester. "With the expansion of our
enterprise business through GM Energy and one of the most
comprehensive portfolios of energy management products and services
available, we will help to reduce the barriers of entry for
sustainable power and further accelerate the mass adoption of
EVs."
As part of GM Energy, Ultium Charge 360 will continue to expand
its existing portfolio of integrated public charging networks,
integrated mobile apps, and additional product and service
offerings over time.
"The massive scale of GM Energy's solutions will allow us to
better address current challenges with grid infrastructure, energy
storage and energy management head on," says Mark Bole, vice president and Head of V2X
Battery Solutions at GM. "By leveraging GM's flexible technology
platforms and the power of Ultium, we're able to provide resilient
and accessible energy solutions for all customers and the grid,
helping to further advance the all-electric future."
More information about GM Energy and the available offerings
through Ultium Home, Ultium Commercial and Ultium Charge 360 are
available at https://gmenergy.gm.com/
General Motors (NYSE:GM) is a global company focused
on advancing an all-electric future that is inclusive and
accessible to all. At the heart of this strategy is the Ultium
battery platform, which powers everything from mass-market to
high-performance vehicles. General Motors, its subsidiaries and its
joint venture entities sell vehicles under the Chevrolet,
Buick, GMC, Cadillac, Baojun and
Wuling brands. More information on the company and its
subsidiaries, including OnStar, a global leader in vehicle safety
and security services, can be found at https://www.gm.com.
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described in our most recent Annual Report on Form 10-K and our
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SOURCE General Motors Co.