Ford Motor's energy unit said Monday it signed a five-year deal to supply up to 20 gigawatt-hours of storage capacity to renewable power developer EDF.
Under the deal, EDF can procure up to 4 GWh of DC Block battery energy storage systems annually from Ford Energy.
Ford shares rose about 3.6% in premarket trading.
Data centers are increasingly turning to backup power as surging electricity demand from AI strains U.S. energy infrastructure.
Automakers are repurposing EV battery infrastructure to develop energy storage systems, capitalizing on the boom.
After a $19.5-billion writedown on EV programs last year, Ford launched an energy storage business, using Kentucky plant space originally meant for EV batteries.
Deliveries under the EDF agreement are expected to begin in 2028. EDF builds low-carbon energy and flexible transmission solutions in the U.S., Canada and Mexico.
