Ford Energy Lands EDF as First Battery Storage Client
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- Ford Energy signed a five-year deal with EDF, offering up to 20 GWh of storage capacity, with EDF set to receive up to 4 GWh annually as DC Block BESS units beginning in 2028.
- Ford is repurposing Kentucky plant space originally built for EV battery production to assemble the storage units, following a $19.5 billion writedown on its EV operations in 2025.
- Ford is negotiating with defense departments across several European and North American nations for military vehicle sales, with talks that began last year — predating President Trump's push for American automakers to produce defense hardware.
- CEO Jim Farley called the defense department discussions "productive" but confirmed no contract has been signed, while noting Ford is also in early talks with the US government on defense-related needs.
- Ford stock dropped more than 2% in Monday afternoon trading despite the EDF announcement, with Wall Street holding a Hold consensus and an average $13.50 price target implying 3.17% downside.
Why it matters: Ford is converting idle EV battery capacity into a revenue-generating storage business after absorbing a $19.5 billion EV writedown — but the 2%+ stock selloff signals investors want visible proof that Ford Energy can meaningfully offset those losses before rewarding the pivot.
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