News Release Details

GM Energy’s initial retail offerings will enable customers to leverage vehicle-to-home (V2H) bidirectional charging technology, stationary storage and additional energy management products

DETROIT — GM Energy today announced product details and specifications for its initial suite of upcoming Ultium Home offerings.

The Ultium Home product offerings will be the first solutions to be made available to residential customers through GM Energy, and are designed to provide greater energy independence, resiliency and value, enabling the use of backup power for essential home needs during times when energy is unavailable from the grid.

“As GM Energy’s ecosystem of connected products and services continues to expand, we’re excited to provide customers with options for greater energy management beyond the vehicle,” said Wade Sheffer, vice president, GM Energy. “Our initial Ultium Home offerings represent an opportunity for customers to take greater control over their personal energy independence and resiliency.”

The initial suite of Ultium Home products will be offered through unique bundle options, providing customers with the ability to select solutions that align with their energy needs and budget.

Ultium Home V2H Bundle

This bundle is designed for customers seeking to leverage their compatible GM EVs for V2H functionality.

This bundle includes the following products:

• GM’s PowerShift Charger
  • Enables V2H bidirectional charging with a compatible GM EV, when paired with Ultium Home V2H Enablement Kit
  • Up to 19.2 kW AC charge speed

• Ultium Home V2H Enablement Kit
  • Includes an inverter, home hub and dark start battery
  • 9.6 kW of discharge power
  • Safely disconnects the home from the grid

Ultium Home Energy System

This bundle is designed for customers seeking to leverage their compatible GM EV for V2H functionality and stationary storage.

This bundle includes the following products:

• GM’s PowerShift Charger
• Ultium Home V2H Enablement Kit
• GM’s PowerBank
  • Ultium Home’s PowerBank stationary storage unit can connect to the Ultium Home V2H Enablement Kit to extend backup capability and store solar or grid energy
  • Available in 5 kW/10.6 kWh and 7 kW/17.7 kWh variants

Ultium Home Energy Storage Bundle

This bundle is designed for customers seeking to integrate stationary storage into their home, without the need for an EV.

This bundle includes the following products:

• GM’s PowerBank
• Inverter and home hub

Solar integration

In addition to the initial suite of Ultium Home products, customers seeking to integrate solar energy will have the opportunity to work with SunPower (NASDAQ:SPWR), GM Energy’s exclusive solar provider and a preferred EV charger installer, to deliver power to their home and vehicle with clean energy generated on their roof, providing additional value and potential electricity cost-savings.

Each of these Ultium Home products will be connected to the GM Energy Cloud, a software platform which will allow customers to seamlessly manage the transfer of energy between applicable and connected GM Energy assets.

MSRP and timeline for delivery for each of Ultium Home’s initial product bundles will vary.

For more information about GM Energy and its ecosystem of available product and service offerings through Ultium Home, Ultium Commercial and Ultium Charge 360, please visit  https://gmenergy.gm.com/.

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. GM Energy’s offerings are made available through Ultium Home, Ultium Commercial and Ultium Charge 360. For more information, visit gmenergy.gm.com.

Cautionary Note on Forward-Looking Statements: This press release 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 judgement about possible future events and are often identified by words such as “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 upon 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 judgements 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 factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission. 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 that affect the subject of these statements, except where we are expressly required to do so by law.

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CONTACTS:
Sanaz Marbley
GM Communications 
(818) 858-5557
sanaz.marbley@gm.com 

Mark Lubin
GM Communications 
(313) 348-1293 
mark.lubin@gm.com