Form Energy secures $405M for iron-air battery manufacturing in West Virginia, aiming to reduce carbon emissions.

Form Energy has secured $405 million in funding to expedite the manufacturing of its iron-air batteries at a new factory in Weirton, West Virginia. These batteries can store energy for 100 hours, providing clean power during periods without sunlight or wind, and are seen as vital for reducing carbon emissions. Form Energy has raised over $1.2 billion to date, with plans for its first commercial installation in Minnesota expected by 2025.

October 09, 2024
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