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General Motors Launches New Business Unit, GM Energy, That Will Include Residential Customer Sales Of Energy To Grid, In Addition To Broader Home Energy Services, Ecosystem
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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 said
GM says the new offerings expand business opportunities, "to include energy management services and drive growth beyond the core vehicle portfolio."
"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," GM said
"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," GM said
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, GM said
Among them is an agreement with SunPower. 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 offers a similar suite of energy services to commercial customers, including commercial grade stationary energy storage
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 Travis Hester, vice president of GM EV Growth Operations. "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.
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October 11, 2022
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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