Ford Energy Signs 5-Year Agreement with EDF for 4 GWh Battery Storage Annually
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy F?
Ford Energy, a wholly owned subsidiary of Ford Motor Company, and EDF power solutions North America, an entity of the EDF Group, announced the signing of a five-year framework agreement under which EDF power solutions will have the ability to procure up to 4 gigawatt hours of DC Block battery energy storage systems, BESS, annually, representing a total potential volume of up to 20 GWh over the term of the agreement. The framework agreement positions Ford Energy as a key BESS supplier for EDF power solutions' growing portfolio of grid-scale energy storage projects across the United States. Deliveries under the agreement are expected to begin in 2028.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy F?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on F
Wall Street analysts forecast F stock price to rise
14 Analyst Rating
3 Buy
10 Hold
1 Sell
Hold
Current: 13.030
Low
11.00
Averages
13.65
High
16.00
Current: 13.030
Low
11.00
Averages
13.65
High
16.00
About F
Ford Motor Company develops and delivers Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles, along with connected services, including BlueCruise (ADAS) and security. The Company's segments include Ford Blue, Ford Model e, Ford Pro, and Ford Credit. The Ford Blue segment primarily includes the sale of Ford and Lincoln internal combustion engine (ICE) and hybrid vehicles, service parts, accessories, and digital services for retail customers. The Ford Model e segment primarily includes the sale of its electric vehicles, service parts, accessories, and digital services for retail customers. The Ford Pro segment primarily includes the sale of Ford and Lincoln vehicles, service parts, accessories, and services for commercial, government, and rental customers. The Ford Credit segment consists of the Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. Its vehicle brands are Ford and Lincoln.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ford Plans to Launch Seven New Models in Europe by 2029
- New Model Launch Plan: Ford announced plans to launch seven new models in Europe by 2029, including five passenger cars, featuring a small electric vehicle and a small electric SUV, aimed at boosting its sales performance in a highly competitive market.
- Competitive Market Pressure: Ford faces intense competition from Chinese automakers like BYD and Chery, which have seen sales growth of nearly 270% in Europe, while Ford managed only a 0.1% sales increase last year, dropping to eighth place.
- Critique of EV Policies: Ford's European president, Jim Baumbick, criticized Europe's push for electric vehicles, stating that “CO2 targets must reflect actual consumer demand” and advocating for legislation that supports plug-in hybrids and extended-range electric vehicles rather than solely fully electric cars.
- Commercial Vehicle Market Position: Despite challenges in the passenger car sector, Ford remains a strong player in the commercial vehicle market, announcing the immediate launch of its Ranger Super Duty pickup truck in Europe for emergency services, forestry, mining, and military applications.
See More
AT&T Faces Crisis in Finding Skilled Blue-Collar Workers
- Shortage of Blue-Collar Workers: AT&T CEO John Stankey highlighted the urgent need for skilled blue-collar workers knowledgeable in electricity and photonics, as the job prospects for college graduates diminish in the AI era, creating a recruitment challenge for the company.
- Investment and Hiring Plans: AT&T plans to invest $250 billion over the next five years, with approximately 15% allocated for hiring and training blue-collar technicians to meet the surging demand from AI data centers and increased network usage, indicating a strategic pivot towards blue-collar labor.
- Shifts in Industry Trends: The rise of AI poses a threat to many traditional white-collar jobs, leading to a slowdown in employment growth for new graduates, particularly in marketing, legal, and IT sectors, reflecting significant changes in the economic landscape.
- Salary and Benefits Competition: To attract skilled technicians, AT&T offers sign-on and retention bonuses of up to $10,000, with entry-level wages ranging from $18.18 to $31.45 per hour, showcasing the intense competition in recruiting blue-collar workers.
See More
AI Wave Creates Crisis for Blue-Collar Workers
- Recruitment Challenges: AT&T plans to invest $38 billion over the next five years focusing on hiring and training blue-collar workers to expand its fiber network, highlighting the urgent need for skilled technicians in the context of the AI economy.
- Industry Transformation: As AI rapidly spreads, many college graduates are finding their degrees no longer guarantee job opportunities, particularly in marketing, legal, and IT sectors vulnerable to AI, leading to a slowdown in hiring.
- Shortage of Blue-Collar Workers: AT&T expects to hire around 3,000 technicians this year, reflecting a shortage of 350,000 workers needed for construction services in the U.S., with this gap projected to grow to 450,000 next year.
- Reevaluation of Educational Value: AT&T's CEO emphasized that society may need to reassess the value placed on college degrees, as many emerging roles do not require a four-year degree, potentially impacting future educational policies and career planning.
See More
Ford Energy Signs Battery Storage Agreement with EDF
- Large Scale Agreement: Ford Energy has signed a five-year framework agreement with EDF Power Solutions North America, potentially supplying up to 4 GWh of DC Block battery energy storage systems annually, indicating Ford's strong positioning in the battery storage market.
- Clear Delivery Timeline: Deliveries are expected to begin in 2028, providing Ford Energy with a strategic advantage in meeting the rising demand for utility-scale batteries in the U.S., particularly as renewable energy deployment and grid reliability needs increase.
- Technological Edge: Ford's DC Block system is a standardized 20-foot containerized battery storage unit with a rated capacity of 5.45 MWh, utilizing lithium iron phosphate cells and available in two-hour and four-hour discharge configurations, suitable for various grid-scale applications including frequency regulation and backup power.
- Growing Market Demand: As utilities and renewable developers seek to reduce supply chain risks and enhance grid flexibility, the importance of domestically supplied battery storage is increasingly highlighted, and this agreement will further solidify Ford Energy's leadership in the battery storage market.
See More
Ford Partners with EDF for Battery Storage Systems Deal
- Battery Storage Agreement: Ford has signed a deal with France's EDF Group to supply up to 20 GWh of DC battery storage systems over five years, with deliveries starting in 2028, which reinforces Ford's position as a domestic supplier and enhances its competitive edge in the market.
- European Comeback Plan: Ford unveiled plans to launch five new passenger vehicles in Europe by 2029, including a Spain-built Bronco SUV, aiming to reverse its market share decline from nearly 9% in 2010 to below 3% last year, in response to rising competition from Chinese rivals like BYD.
- Military Truck Supply Talks: Ford is in discussions with governments in North America and Europe to supply pickup trucks to the military, stating that while no specific projects are finalized, they can deliver proven capabilities at lower costs, enhancing their competitiveness in the defense market.
- Retail Investor Sentiment: Retail sentiment around Ford stock on Stocktwits has remained in the 'extremely bullish' territory over the past 24 hours, with users expressing optimism that the battery storage deal could push the stock above $20, as the stock has gained nearly 22% over the past year.
See More
Ford's Battery Energy Storage Business Secures Major Deal
- Major Partnership Agreement: Ford Motor announced it will supply up to 20 gigawatt-hours of battery storage capacity to renewable energy developer EDF Power Solutions over five years, marking the first significant deal for Ford Energy and expected to enhance the company's competitiveness in the battery storage market.
- Optimistic Market Outlook: Morgan Stanley analyst Andrew Percoco noted that this deal could be the first of several large customer announcements for Ford Energy, with expectations that Ford's stock price could rise to $21, reflecting increased market interest in its energy business.
- Stock Price Volatility Impact: Despite a 1% decline in Ford's stock following the announcement, analysts remain optimistic about its prospects, with UBS analyst Joseph Spak suggesting that the energy announcement is likely to be well-received, highlighting Ford's potential in the battery storage sector.
- Competitive Industry Advantage: Ford's partnership with Chinese battery company CATL provides a unique market advantage, as analysts believe this will help Ford remain compliant with increasingly stringent regulations on battery material sourcing, thereby enhancing its cost competitiveness.
See More
Ford Plans to Launch Seven New Models in Europe by 2029
- New Model Launch Plan: Ford announced plans to launch seven new models in Europe by 2029, including five passenger cars, featuring a small electric vehicle and a small electric SUV, aimed at boosting its sales performance in a highly competitive market.
- Competitive Market Pressure: Ford faces intense competition from Chinese automakers like BYD and Chery, which have seen sales growth of nearly 270% in Europe, while Ford managed only a 0.1% sales increase last year, dropping to eighth place.
- Critique of EV Policies: Ford's European president, Jim Baumbick, criticized Europe's push for electric vehicles, stating that “CO2 targets must reflect actual consumer demand” and advocating for legislation that supports plug-in hybrids and extended-range electric vehicles rather than solely fully electric cars.
- Commercial Vehicle Market Position: Despite challenges in the passenger car sector, Ford remains a strong player in the commercial vehicle market, announcing the immediate launch of its Ranger Super Duty pickup truck in Europe for emergency services, forestry, mining, and military applications.
See More
AT&T Faces Crisis in Finding Skilled Blue-Collar Workers
- Shortage of Blue-Collar Workers: AT&T CEO John Stankey highlighted the urgent need for skilled blue-collar workers knowledgeable in electricity and photonics, as the job prospects for college graduates diminish in the AI era, creating a recruitment challenge for the company.
- Investment and Hiring Plans: AT&T plans to invest $250 billion over the next five years, with approximately 15% allocated for hiring and training blue-collar technicians to meet the surging demand from AI data centers and increased network usage, indicating a strategic pivot towards blue-collar labor.
- Shifts in Industry Trends: The rise of AI poses a threat to many traditional white-collar jobs, leading to a slowdown in employment growth for new graduates, particularly in marketing, legal, and IT sectors, reflecting significant changes in the economic landscape.
- Salary and Benefits Competition: To attract skilled technicians, AT&T offers sign-on and retention bonuses of up to $10,000, with entry-level wages ranging from $18.18 to $31.45 per hour, showcasing the intense competition in recruiting blue-collar workers.
See More
AI Wave Creates Crisis for Blue-Collar Workers
- Recruitment Challenges: AT&T plans to invest $38 billion over the next five years focusing on hiring and training blue-collar workers to expand its fiber network, highlighting the urgent need for skilled technicians in the context of the AI economy.
- Industry Transformation: As AI rapidly spreads, many college graduates are finding their degrees no longer guarantee job opportunities, particularly in marketing, legal, and IT sectors vulnerable to AI, leading to a slowdown in hiring.
- Shortage of Blue-Collar Workers: AT&T expects to hire around 3,000 technicians this year, reflecting a shortage of 350,000 workers needed for construction services in the U.S., with this gap projected to grow to 450,000 next year.
- Reevaluation of Educational Value: AT&T's CEO emphasized that society may need to reassess the value placed on college degrees, as many emerging roles do not require a four-year degree, potentially impacting future educational policies and career planning.
See More
Ford Energy Signs Battery Storage Agreement with EDF
- Large Scale Agreement: Ford Energy has signed a five-year framework agreement with EDF Power Solutions North America, potentially supplying up to 4 GWh of DC Block battery energy storage systems annually, indicating Ford's strong positioning in the battery storage market.
- Clear Delivery Timeline: Deliveries are expected to begin in 2028, providing Ford Energy with a strategic advantage in meeting the rising demand for utility-scale batteries in the U.S., particularly as renewable energy deployment and grid reliability needs increase.
- Technological Edge: Ford's DC Block system is a standardized 20-foot containerized battery storage unit with a rated capacity of 5.45 MWh, utilizing lithium iron phosphate cells and available in two-hour and four-hour discharge configurations, suitable for various grid-scale applications including frequency regulation and backup power.
- Growing Market Demand: As utilities and renewable developers seek to reduce supply chain risks and enhance grid flexibility, the importance of domestically supplied battery storage is increasingly highlighted, and this agreement will further solidify Ford Energy's leadership in the battery storage market.
See More
Ford Partners with EDF for Battery Storage Systems Deal
- Battery Storage Agreement: Ford has signed a deal with France's EDF Group to supply up to 20 GWh of DC battery storage systems over five years, with deliveries starting in 2028, which reinforces Ford's position as a domestic supplier and enhances its competitive edge in the market.
- European Comeback Plan: Ford unveiled plans to launch five new passenger vehicles in Europe by 2029, including a Spain-built Bronco SUV, aiming to reverse its market share decline from nearly 9% in 2010 to below 3% last year, in response to rising competition from Chinese rivals like BYD.
- Military Truck Supply Talks: Ford is in discussions with governments in North America and Europe to supply pickup trucks to the military, stating that while no specific projects are finalized, they can deliver proven capabilities at lower costs, enhancing their competitiveness in the defense market.
- Retail Investor Sentiment: Retail sentiment around Ford stock on Stocktwits has remained in the 'extremely bullish' territory over the past 24 hours, with users expressing optimism that the battery storage deal could push the stock above $20, as the stock has gained nearly 22% over the past year.
See More
Ford's Battery Energy Storage Business Secures Major Deal
- Major Partnership Agreement: Ford Motor announced it will supply up to 20 gigawatt-hours of battery storage capacity to renewable energy developer EDF Power Solutions over five years, marking the first significant deal for Ford Energy and expected to enhance the company's competitiveness in the battery storage market.
- Optimistic Market Outlook: Morgan Stanley analyst Andrew Percoco noted that this deal could be the first of several large customer announcements for Ford Energy, with expectations that Ford's stock price could rise to $21, reflecting increased market interest in its energy business.
- Stock Price Volatility Impact: Despite a 1% decline in Ford's stock following the announcement, analysts remain optimistic about its prospects, with UBS analyst Joseph Spak suggesting that the energy announcement is likely to be well-received, highlighting Ford's potential in the battery storage sector.
- Competitive Industry Advantage: Ford's partnership with Chinese battery company CATL provides a unique market advantage, as analysts believe this will help Ford remain compliant with increasingly stringent regulations on battery material sourcing, thereby enhancing its cost competitiveness.
See More
