Automakers Target Energy Storage as GM Unveils Sodium-Ion Cells and Tesla Tops 82% Market Share
F•Automakers including Ford, GM and Tesla are targeting the stationary energy storage market as US installations doubled in two years and are expected to top 110 GWh by 2030. GM introduced new sodium-ion cells for storage later this decade, a market Tesla dominated with 82% of last year’s 57 GWh.
1. Industry Expansion
US stationary battery installations have doubled to roughly 57 GWh last year and are projected to top 110 GWh annually by 2030. This surge is driven by growth in data center capacity, expanding EV charging infrastructure and electrification across transportation, manufacturing and HVAC sectors.
2. Tesla's Market Leadership
Tesla held 82% of the 57 GWh installed last year, fueling a doubling of its energy generation and storage revenue since 2023. The segment achieves gross margins near 30%, roughly triple the typical automaker margin and underscoring the profitability of stationary batteries.
3. Automaker Strategies
GM has rolled out a new sodium-ion battery chemistry aimed at large-scale storage, with product availability slated later this decade. Ford and other legacy automakers are accelerating investments in stationary storage to diversify revenue streams and improve returns compared with EV margins.
