- GM Energy's initial product offerings for home customers are
now available for purchase through a newly launched e-commerce
platform
- Flexible GM Energy bundle offerings and software integration
through GM vehicle brand apps provide customers with greater
control over personal energy management between vehicle, home and
other products
- Energy Live platform provides educational resource to learn
more about benefits of personal energy management, grid resiliency
and an all-electric lifestyle
DETROIT, April 18,
2024 /PRNewswire/ -- As EV technology continues to
evolve, GM is working toward elevating the overall ownership
experience by introducing new ways for customers to unlock
additional value and gain access to the expanded benefits of an
all-electric future.
Available for the first time as part of its expanding product
ecosystem, GM Energy's initial offerings for residential customers
will enable the use of vehicle-to-home (V2H) bidirectional charging
technology to provide power from a compatible GM EV to a properly
equipped home, helping to mitigate the negative impacts of
weather-related outages and integrate with future clean energy
products for even greater personal grid resiliency.
The GM Energy product suite will be offered through a set of
unique bundle options, providing residential customers with the
ability to select solutions that align with their specific energy
needs, budget and preferences, all online. GM Energy
representatives will be on hand to connect customers with preferred
installer, Qmerit, who can help with obtaining necessary permits
and connect with utilities to ensure a seamless guided
experience.
At launch1, customers will be able to purchase GM
Energy's V2H bundle, which includes necessary equipment to enable
the transfer of energy between a customer's compatible EV and a
properly equipped home. GM Energy will make additional residential
solutions, including stationary energy storage and solar
integration, available for purchase later this year.
"GM Energy is committed to making the transition to an
all-electric lifestyle an even more compelling option by
simplifying all aspects of personal energy management," said
Wade Sheffer, vice president of GM
Energy. "With the introduction of these new offerings, it has never
been easier for our customers to access the expanded benefits of a
holistic EV ecosystem, helping to mitigate the impacts of power
outages and having the ability to offset certain energy costs over
time."
GM Energy's products will be accessible through current GM
mobile brand apps, allowing customers to seamlessly manage the
transfer of stored energy between applicable and connected GM
Energy assets, for a fully integrated and convenient
experience.
The first vehicle in GM's portfolio of EVs to be compatible with
the GM Energy home product suite is the 2024 Chevrolet Silverado EV
First-Edition RST2, which will be equipped with V2H
bidirectional charging technology. Moving forward, GM will continue
to expand V2H bidirectional charging technology across its retail
portfolio of Ultium-based EVs by model year 2026.
Customers who have questions can visit GM Energy Live, where
product specialists can help provide more information and showcase
GM Energy's solutions through an immersive digital experience.
Pricing, installation cost and timeline for delivery for each of
GM Energy's initial product bundles will vary. Additional
information about GM Energy and its ecosystem of available product
and service offerings is available at gmenergy.gm.com.
1Product availability at launch will be limited to
California, Florida, Michigan, New
York and Texas, with plans
to expand over time.
2Actual production will vary. The GM Energy
PowerShift Charger and GM Energy V2H Enablement Kit shown requires
an adequately charged and properly equipped GM EV (anticipated 24MY
Silverado EV RST, 24MY Sierra EV Denali, 24MY Chevrolet Blazer EV,
24MY Chevrolet Equinox EV, 24MY Cadillac LYRIQ) having
bidirectional charging capabilities, a properly equipped home, and
proper grid interconnection. Some eligible 24MY EVs will require a
dealership or over-the-air update to enable bidirectional charging.
Weather conditions, life of the battery, vehicle variation and
usage, and other external factors may impact the duration of power
supply. Power supply may be interrupted.
GM Energy, a wholly owned subsidiary of General
Motors, is focused on expanding and accelerating a holistic energy
ecosystem through new products, software and services, including
broadening access to EV education and resources, expanding public
charging infrastructure, and developing new energy management
solutions for commercial and residential customers. For more
information, visit gmenergy.gm.com.
Cautionary Note on Forward-Looking Statements This
communication and related comments by management, may include
"forward-looking statements" within the meaning of the U.S. federal
securities laws. Forward-looking statements are any statements
other than statements of historical fact. Forward-looking
statements represent our current judgment about possible future
events and are often identified by words like "aim," "anticipate,"
"appears," "approximately," "believe," "continue," "could,"
"designed," "effect," "estimate," "evaluate," "expect," "forecast,"
"goal," "initiative," "intend," "may," "objective," "outlook,"
"plan," "potential," "priorities," "project," "pursue," "seek,"
"should," "target," "when," "will," "would," or the negative of any
of those words or similar expressions. In making these statements,
we rely on assumptions and analysis based on our experience and
perception of historical trends, current conditions and expected
future developments as well as other factors we consider
appropriate under the circumstances. We believe these judgments are
reasonable, but these statements are not guarantees of any future
events or financial results, and our actual results may differ
materially due to a variety of important factors, many of which are
beyond our control. These factors, which may be revised or
supplemented in subsequent reports we file with the SEC, include,
among others, the following: (1) our ability to deliver new
products, services, technologies and customer experiences; (2) our
ability to timely fund and introduce new and improved vehicle
models; (3) our ability to profitably deliver a broad portfolio of
EVs; (4) the success of our current line of internal combustion
engine vehicles; (5) our highly competitive industry; (6) the
unique technological, operational, regulatory and competitive risks
related to the timing and commercialization of AVs, including the
various regulatory approvals and permits required for operating
driverless AVs in multiple markets; (7) risks associated with
climate change; (8) global automobile market sales volume; (9)
inflationary pressures, persistently high prices, uncertain
availability of raw materials and commodities, and instability in
logistics and related costs; (10) our business in China, which is subject to unique operational,
competitive, regulatory and economic risks; (11) the success of our
ongoing strategic business relationships and of our joint ventures;
(12) the international scale and footprint of our operations, which
exposes us to a variety of unique political, economic, competitive
and regulatory risks; (13) any significant disruption at any of our
manufacturing facilities; (14) the ability of our suppliers to
deliver parts, systems and components without disruption and at
such times to allow us to meet production schedules; (15)
pandemics, epidemics, disease outbreaks and other public health
crises; (16) the possibility that competitors may independently
develop products and services similar to ours, or that our
intellectual property rights are not sufficient to prevent
competitors from developing or selling those products or services;
(17) our ability to manage risks related to security breaches and
other disruptions to our information technology systems and
networked products; (18) our ability to comply with increasingly
complex, restrictive and punitive regulations relating to our
enterprise data practices; (19) our ability to comply with
extensive laws, regulations and policies applicable to our
operations and products, including those relating to fuel economy,
emissions and AVs; (20) costs and risks associated with litigation
and government investigations; (21) the costs and effect on our
reputation of product safety recalls and alleged
defects in products and services; (22) any additional tax expense
or exposure or failure to fully realize available tax incentives;
(23) our continued ability to develop captive financing capability
through GM Financial; and (24) any significant increase in our
pension funding requirements. A further list and description of
these risks, uncertainties and other factors can be found in our
most recent Annual Report on Form 10-K and our subsequent filings
with the SEC. We caution readers not to place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date they are made, and we undertake no obligation to
update publicly or otherwise revise any forward-looking statements,
whether as a result of new information, future events or other
factors, except where we are expressly required to do so by
law.
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SOURCE General Motors Company