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Ford's New Energy Subsidiary: Massive Batteries
Description
Fords new subsidiary, Ford Energy, is set to revolutionize the energy storage market with its massive batteries. The company is transforming a Kentucky plant into a hub for shipping-container-sized energy storage systems, aiming to deliver at least 20 gigawatt hours of capacity annually by late 2027. Ford Energys main product, the DC Block, offers two versions for different discharge times and packs around 5.45 megawatt hours each. The company is capitalizing on the growing demand for energy storage, driven by AI and data centers, and is committed to building everything domestically to secure tax credits and appeal to buyers. Despite competition from Tesla, Ford Energys ambitious plans and homegrown approach could carve out a significant market share in the growing energy storage market.
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