The Apex Times
Above the Noise
Business Wire
BusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex TimesBusinessVenezuela’s energy reopening talks could create upside for Chevron and GE Vernova, but agreements still face major hurdlesThe Apex TimesBusinessTrump Says ExxonMobil Is Preparing to Re-enter Venezuela as Investment Outlook ShiftsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex TimesBusinessVenezuela’s energy reopening talks could create upside for Chevron and GE Vernova, but agreements still face major hurdlesThe Apex TimesBusinessTrump Says ExxonMobil Is Preparing to Re-enter Venezuela as Investment Outlook ShiftsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex TimesBusinessVenezuela’s energy reopening talks could create upside for Chevron and GE Vernova, but agreements still face major hurdlesThe Apex TimesBusinessTrump Says ExxonMobil Is Preparing to Re-enter Venezuela as Investment Outlook ShiftsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex TimesBusinessVenezuela’s energy reopening talks could create upside for Chevron and GE Vernova, but agreements still face major hurdlesThe Apex TimesBusinessTrump Says ExxonMobil Is Preparing to Re-enter Venezuela as Investment Outlook ShiftsThe Apex Times
Back to front
GM expands into stationary energy storage with a partnership to build sodium-ion batteries
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jun 9, 9:56 PM EDT

GM expands into stationary energy storage with a partnership to build sodium-ion batteries

The automaker is teaming with Peak Energy on sodium-ion cells for grid-scale storage, positioning the move as a new outlet for battery know-how outside electric vehicles.

By The Apex Times Newsroom3 min readAI-assisted Apex article

General Motors is moving further into stationary energy storage, announcing a partnership with Peak Energy to develop and manufacture sodium-ion battery cells in Michigan. The news places GM squarely in the same broader arena that Tesla has pushed aggressively, using battery platforms for grid reliability and peak power management rather than only for cars.

Under the arrangement described in the announcement coverage, GM will develop the sodium-ion cells in its Michigan battery laboratories, while retaining exclusive manufacturing rights. Peak Energy will then use those cells in its own passively cooled storage systems, which the companies describe as designed for lower cost and high uptime compared with more complex, actively cooled approaches.

The deal is supported by a strategic investment from GM Ventures, GM’s corporate venture arm. Peak Energy was founded in 2023 by veterans from Tesla, Enovix, and Apple, according to the coverage, and the company claims performance advantages by combining sodium-ion chemistry with a passively cooled design aimed at reducing energy waste from battery cooling.

The partnership also comes with a timeline focus. Trial production of the sodium-ion cells at GM’s Battery Cell Development Center is targeted for 2028, as reported via the same coverage. The companies’ stated goal is to bring a stationary storage product to market that can better fit the needs of large-scale power systems, including when equipment must operate reliably for long stretches without frequent maintenance.

The announcement adds to a second battery-related effort GM already has under way. The coverage notes that GM is also expanding its collaboration with Redwood Materials, deploying a 7.2 megawatt-hour second-life electric-vehicle battery system at a Michigan plant. Second-life batteries are previously used EV packs that are refurbished for stationary uses, a track that can stretch the value of the materials and reduce disposal.

For GM, the energy-storage push reflects a familiar bet that battery expertise does not need to end at the tailpipe. Automakers have been looking for scalable, repeatable battery manufacturing pathways as EV demand patterns fluctuate, and stationary storage offers a different customer set and operating profile. The target segment, grid-scale storage, is also one where deployments can be scaled by project developers and utilities, rather than by consumer vehicle sales cycles.

Still, major specifics were not included in the market-news reporting. The partnership announcement coverage does not spell out the initial commercial contract size, guaranteed pricing, or the location and capacity of any future full-scale manufacturing beyond the 2028 trial production target. It also does not clarify when Peak’s first passively cooled storage systems would enter field deployments, what performance metrics would be used to qualify them, or how the two companies will measure the claimed cost and uptime advantages.

What to watch next is whether GM and Peak provide additional milestones, including pilot deployments and independently verified performance results for the sodium-ion cells and the passively cooled storage configuration. Investors and customers will also look for clarity on how the sodium-ion roadmap fits with GM’s broader battery strategy, particularly as EV cell supply chains and second-life storage projects continue to develop in parallel.

Why It Matters

  • The partnership indicates that GM intends to reuse battery capabilities in stationary grid applications, an area that can grow independently from EV unit volumes.
  • Sodium-ion chemistry and passive cooling, if performance claims hold, could change competitive benchmarks for cost and uptime in certain storage use cases.
  • GM’s approach shows how legacy automakers are following Tesla’s emphasis on grid-scale batteries, though the execution and timelines remain to be proven.
  • The deal could influence how utilities and developers think about long-duration operation, maintenance needs, and total system cost in future storage projects.

Sources

Key Facts

  • GM announced a partnership with Peak Energy to develop and manufacture sodium-ion battery cells in Michigan.
  • GM will develop the cells in its Michigan battery labs and keep exclusive manufacturing rights, while Peak will integrate the cells into its passively cooled storage systems.
  • GM Ventures is described as providing strategic investment support for the partnership.
  • Trial production of the cells at GM’s Battery Cell Development Center is targeted for 2028.
  • The coverage also points to GM’s separate Redwood Materials effort, including a 7.2 megawatt-hour second-life EV battery system in Michigan.
  • Peak Energy is described as a startup founded in 2023 by veterans from Tesla, Enovix, and Apple.

Autos & Transport Related

Aug 31, 5:22 PM EDT
The Apex Times

Dow slips after Trump AI warning, Tesla shares rise ahead of a key event

A broader market retreat in the Dow Jones followed a warning from President Trump about artificial intelligence. Tesla stood out with gains, while other stocks reportedly moved around important technical levels ahead of an upcoming catalyst.

Dow slips after Trump AI warning, Tesla shares rise ahead of a key event
The Apex Times
GM expands into stationary energy storage with a partnership to build sodium-ion batteries | The Apex Times