GM Takes on Tesla in Home and Commercial Energy Storage, Management

DETROIT—General Motors Co. is expanding beyond car making, with plans to offer energy storage and management services to residential and commercial customers through its new GM Energy unit in a move that puts it in even greater competition with Tesla Inc.
GM Energy will bundle the existing Ultium Charge 360 public charging service with two new units, Ultium Home and Ultium Commercial, that will offer stationary storage batteries, as well as solar panels and hydrogen fuel cells, the company said on Tuesday.
“We’re getting into the entire ecosystem of energy management,” GM executive Travis Hester said in an interview.
“Our competition in this space on the (automaker) side is really only Tesla, which is a strong energy management company,” added Hester, who heads EV Growth Operations. “There are a lot of analogies you can draw with Tesla.”…