Why everyone’s an energy company now
TechCrunch·June 10, 2026
Rising electricity demand from AI data centers has led to a surge in energy storage needs, prompting various companies to enter the energy storage market. Automakers such as GM and Ford are now investing in energy storage solutions, diversifying their business portfolios. This shift is driven by the increasing power requirements of AI data centers and the need for reliable energy storage systems. As a result, companies from diverse industries are transforming into energy companies to meet the growing demand for energy storage.
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