GM is launching its new PowerBank home battery unit today, which slots right into the company’s lineup of residential energy management products. The battery lets homeowners collect energy at off-peak times from the grid or a solar panel system and then power the home when energy prices peak or when the lights go out without needing to keep an EV hooked up in the garage.
GM’s home energy company, GM Energy, launched in 2022 to compete in a growing home energy market with competitors like Tesla and its Powerwall and newcomers like EcoFlow and Anker. Home backup solutions are expensive, but they’ll also keep the freezer, CPAP machine, and water pumps running as increasingly severe weather wreaks havoc on the grid. Currently, over 3 million...
