In a major move to further diversify its business and reduce its reliance on traditional automotive sales, General Motors (GM) is expanding into the rapidly growing field of grid storage and vehicle-to-grid (V2G) energy networks. The American automaker has announced plans to develop and deploy cutting-edge energy storage systems, enabling households and businesses to store excess energy generated by renewable sources, such as solar panels, and discharge it back into the grid when needed. This technology has the potential to revolutionize the way we manage energy supply and demand, and could play a crucial role in reducing greenhouse gas emissions and mitigating the impact of power outages. With its significant resources and expertise in electric vehicle technology, GM is well-positioned to become a major player in this emerging market.
GM Expands Into Grid Storage and Vehicle-to-Grid Energy Networks Yahoo Finance UK
