Ford’s New Power PlayIn 2025, Ford said it took a $19.5 billion hit tied to its electric vehicle business. That was behind Stellantis’ $26.2 billion hit, but still large enough to force a major strategy rethink, including the shift from an all-electric F-150 Lightning to a range-extender version. But instead of doubling down on EV models amid uncertain market conditions, the Blue Oval introduced Ford Energy, a wholly owned subsidiary aimed at developing battery energy storage systems (BESS).In a press release, Ford said Ford Energy will provide BESS for utilities, data centers, and large industrial and commercial customers in the United States. The systems will be assembled domestically in Glendale, Kentucky, at a site originally intended for EV battery production. That appears to align with current market and political realities, as federal policy has …
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Author: Rex Sanchez
