General Motors (NYSE:GM) on Tuesday announced a pilot program with Pacific Gas and Electric Co. in California that would make its electric vehicles capable of powering a home in the event of a power outage or grid failure.
“This is really significant because it’s another benefit of owning an electric vehicle,” GM CEO Mary Barra told the media Tuesday.
The move matches similar capabilities by other automakers, including Ford Motor (NYSE:F) with its upcoming electric F-150 Lightning pickup that’s due out this spring. Ford has partnered with solar company Sunrun for charging and energy accessories to allow such capabilities. EV start-up Lucid Group also has announced similar features for its $169,000 Air sedan.
Select PG&E utility customers will take part in the pilot this summer, Barra said. The companies are working to scale the pilot to open it up for larger customer trials by the end of 2022, according to a press release.
GM was in the news Monday when it announced that it was joining forces with POSCO Chemical (see previous article) to build a new facility in Bécancour, Quebec, estimated at $500M. The new facility will produce cathode active material (CAM) for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ.
GM shares took on 19 cents to $40.03, as Tuesday’s open.