--- title: "Why everyone’s an energy company now" url: https://daily.dev/posts/why-everyone-s-an-energy-company-now-vntlez6kh source_url: https://techcrunch.com/2026/06/10/why-everyones-an-energy-company-now type: article source: "TechCrunch" published: 2026-06-10T12:47:39.778Z updated: 2026-06-10T12:48:10.080Z reading_time: 5 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Why everyone’s an energy company now **[TechCrunch](https://daily.dev/sources/tc)** · 5 min read · 0 upvotes · 0 comments ## Summary Automakers like GM and Ford are entering the stationary energy storage market as EV sales stagnate while demand for large batteries surges, driven by AI data center expansion and broad electrification trends. GM is betting on sodium-ion battery chemistry for its energy storage play, citing cheap and abundant materials, supply chain resilience away from Chinese dominance, and superior cycle life compared to lithium-ion. Tesla currently dominates with 82% of the 57 GWh installed last year, earning ~30% gross margins versus GM's historical 11%. GM is deliberately not repurposing its lithium-ion gigafactory capacity, preserving it for a potential EV rebound and a new lithium-manganese-rich chemistry debuting in 2028. Startups like Base Power and Lunar Energy are also raising large rounds to capture the growing market. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Everyone wants a piece of Tesla's battery business](https://daily.dev/posts/everyone-wants-a-piece-of-tesla-s-battery-business-9px9tyunx) · TechCrunch · 0 upvotes · 0 comments - [GM joins race to build batteries for AI data centers and the grid](https://daily.dev/posts/gm-joins-race-to-build-batteries-for-ai-data-centers-and-the-grid-mqthom3rz) · TechCrunch · 0 upvotes · 0 comments - [From cars to data centres, GM pushes into energy storage with three new battery deals](https://daily.dev/posts/from-cars-to-data-centres-gm-pushes-into-energy-storage-with-three-new-battery-deals-lbsdvma6n) · The Next Web · 0 upvotes · 0 comments - [Honda starts making batteries for data centres at a factory built for EVs it cancelled](https://daily.dev/posts/honda-starts-making-batteries-for-data-centres-at-a-factory-built-for-evs-it-cancelled-6zycnbwjt) · The Next Web · 0 upvotes · 0 comments - [Ford is starting a battery storage business to power data centers and the grid](https://daily.dev/posts/ford-is-starting-a-battery-storage-business-to-power-data-centers-and-the-grid-lgdqcnlxx) · TechCrunch · 0 upvotes · 0 comments --- [View this post on daily.dev](https://daily.dev/posts/why-everyone-s-an-energy-company-now-vntlez6kh)