FORM ENERGY: Series G
Long-duration iron-air batteries designed to store electricity for multi-day grid needs.
The business
Form Energy develops cost-effective, multi-day energy storage systems using iron-air battery technology. The systems are designed to store electricity for extended periods, helping grids balance supply and demand as energy sources change. Its $750 million Series G will scale iron-air battery manufacturing and accelerate commercial deployments; the financing brings total equity raised above $2 billion.