Ford Launches "Ford Energy" Subsidiary and Secures Major Battery Storage Deal
May 26, 2026 (13 hr ago)
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Ford has established a new subsidiary, Ford Energy, and signed a five-year framework agreement with EDF Power Solutions North America to supply large-scale battery energy storage systems.
Ford Energy Strategic Expansion
- Ford launched a new subsidiary, Ford Energy, to focus on stationary energy storage solutions for the U.S. utility-scale market.5
- The company secured a five-year framework agreement with EDF Power Solutions North America to supply up to 4 GWh of "DC Block" battery storage systems annually.4
- This partnership marks a significant pivot into energy infrastructure, with deliveries expected to commence later this decade.4
Q1 2026 Financial Performance
- Ford reported Q1 2026 revenue of $43.25 billion, representing a 6% year-over-year increase.1
- Management raised full-year adjusted EBIT guidance to a range of $8.5 billion to $10.5 billion, driven by strong performance in the commercial division.1
- Adjusted earnings per share for the first quarter significantly exceeded expectations.5
Commercial Division and Product Growth
- The Ford Pro commercial division continues to drive momentum, with paid software subscriptions growing 30% to 879,000.1
- Ford is targeting a 35% sales increase in North America, supported by the upcoming rollout of 11 new models and updates to a dozen existing vehicles.2
- While the Model e electric vehicle segment is projected to incur a $4.0 billion to $4.5 billion full-year loss, the company remains focused on its broader product and software rollout strategy.1
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