Form Energy raises $405 million for its multi-day iron-air batteries

Share

From ESS News

Form Energy is looking to accelerate the expansion of its 100-hour iron-air battery system manufacturing in the US on the back of a $405 million Series F financing round.

Announcing the major funding milestone on Wednesday, the company said this brings its total funding to date to more than $1.2 billion.

The startup’s latest funding round, led by T. Rowe Price, has also seen GE Vernova as a new investor. Existing investors Bill Gates’ Breakthrough Energy Ventures, TPG Rise Climate, Capricorn’s Technology Impact Funds, Coatue, Energy Impact Partners (EIP), MIT’s The Engine Ventures, NGP, Temasek, GIC, Prelude Ventures, Claure Group, Gigascale Capital, Blindspot Ventures, and VamosVentures have also participated in the round.

To continue reading, please visit our ESS News website.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

U.S. Environmental Protection Agency seeks to ‘instantly terminate’ $20 billion in clean energy grants
17 February 2025 Administrator Zeldin said there will be “zero tolerance of any waste and abuse,” saying financial agreements under the Greenhouse Gas Reduction Fund m...