General Motors is starting an energy business to sell power-storage units and services to homeowners and commercial clients, an offshoot of the auto maker’s battery-development work for electric vehicles.

GM said the new division, called GM Energy, will help customers transfer electricity from an EV or battery-storage box to a home or building, as a way to protect against power outages and transfer electricity to the grid during off-peak times.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Transcript: WSJ Interview With Cleveland Fed President Loretta Mester

Cleveland Fed President Loretta Mester discussed inflation, the economy and Fed interest…

Disability rights activist faces Supreme Court showdown over hotel accessibility lawsuits

WASHINGTON — Disability rights campaigner Deborah Laufer has filed hundreds of federal…

Traci Braxton dies at age 50 following cancer battle

Singer, actor and reality TV personality Traci Braxton has died at age…

December reader favorites: Face masks, travel accessories and more

Here at Select, December was all about ringing in the holiday season…