Ford Motor subsidiary Ford Energy has signed a five-year agreement to make battery energy storage systems for a huge Europe-based energy supplier.

The five-year framework agreement gives EDF power solutions access to up to 4 GWh of battery storage systems per year starting in 2028 ...

May 18 (Reuters) - Ford Motor's energy unit said on Monday it has signed a five-year deal to supply up to 20 gigawatt-hours of storage capacity to renewable power developer EDF. Under the deal, EDF ...

Ford Energy is a part of the automaker's efforts to turn around its money-losing electric vehicle business.

DEARBORN, Mich. & SAN DIEGO--(BUSINESS WIRE)--Ford Energy, a wholly owned subsidiary of Ford Motor Company, and EDF power solutions North America, an entity of the EDF Group, today announced the ...

Ford took a $19.5 billion noncash charge just months ago and has turned that into a big triumph with its new venture.

Stock rally explained: Ford shares have risen more than 28% in two weeks, driven by enthusiasm for its Ford Energy unit and a lucrative EDF battery storage contract. Strategic pivot: The company is ...

Ford Motor's new business, Ford Energy, has its first customer. On May 18, Ford Energy, a wholly owned subsidiary of Ford, said it signed a five-year "framework agreement" with EDF power solutions ...