According to a recent LinkedIn post from EV Co, Ford Motor Company has assumed a $3.8 billion U.S. Department of Energy loan tied to its former BlueOval SK battery joint venture. The post indicates that Ford plans to repurpose the Kentucky gigafactory site toward manufacturing large-scale energy storage systems rather than electric vehicle batteries.
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The LinkedIn post suggests the reoriented facility is expected to reach more than 20 GWh of annual battery storage production capacity by 2027. This pivot could signal a strategic shift within the broader battery supply chain from EV-focused output to grid-scale energy storage, potentially diversifying revenue opportunities for ecosystem participants.
As described in the post, the transition follows the dissolution of Ford’s manufacturing partnership with SK On, which had previously been linked to up to $9.63 billion in potential DOE financing under the Advanced Technology Vehicles Manufacturing program. For investors tracking the sector, this development may underscore growing federal and OEM-backed emphasis on stationary storage markets, with implications for demand dynamics facing companies such as EV Co.
The post also highlights the continued role of public funding and loan programs in enabling large-scale battery and storage infrastructure in the U.S. This environment could support capital-intensive projects and partnerships, while intensifying competition among technology and manufacturing providers targeting grid-scale storage applications.