Mike Colias of The Wall Street Journal reports on GM’s new energy business.
- GM is starting an energy business called GM Energy which will sell power-storage units to homes and commercial businesses.
- GM Energy will help consumers transfer energy from an EV battery or storage box to a home or building in the event of a power outage or blackout.
- The company has also developed a software that will allow consumers to sell electricity from a GM EV or storage box to utility companies during high demand hours.
Read the full article here.