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GM Energy Rolls Out New Product Suite, Offering Customers the Ability to Transfer Power Between EVs and Homes


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.

SOURCE General Motors Company


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