CNBC Spilled the Beans on the GM announcement:
GM is launching a new business to connect homes and businesses with EV chargers, energy storage
GM is launching a new business to connect homes and businesses with EV chargers, energy storage.
Excerpt:
GM Energy will offer products and services for what the company calls “energy management,” including hardware such as batteries and solar panels as well as hydrogen fuel cells and — importantly — cloud-based software that can link these offerings with electric vehicles and utility companies. The products, some of which will be provided by partners, can be tailored for individual homeowners as well as businesses, including companies operating fleets of electric vehicles.
This will be directly competing Tesla Powerwall and Tesla's commercial business.