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GM Takes on Tesla With Its Own Solar Power and Energy Storage System

  • Automaker is starting a new business unit called GM Energy
  • Home energy system will be available to customers next year
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General Motors Co. plans to compete with Tesla Inc.’s solar and Powerwall business by offering its own sun-generated power and storage system starting late next year.

A new business unit, called GM Energy, is working with SunPower Corp. to provide solar panels and home energy storage for residential and commercial users, the company announced in a statement. It’s similar to Tesla’s energy business, in which panels sold by the automaker charge a battery that supplies homes with electricity at night or during blackouts.