Form Energy
Cost-effective multi-day energy storage solutions
CORE INFO
Form Energy develops innovative iron-air batteries that provide long-duration energy storage solutions, primarily for utilities and energy companies seeking to enhance grid reliability and integrate renewable energy sources.
- Form Energy raised $450 million in a Series E funding round led by TPG Rise Climate in October 2022.axios.com
- The company has secured over 4 gigawatt-hours of commercial contracts with major utilities, including Xcel Energy and Dominion Energy.formenergy.com
WHY WE WOULD WORK AT FORM ENERGY
Innovative Technology
Join a team pioneering the development of iron-air batteries that can store electricity for up to 100 hours, revolutionizing energy storage solutions.
Global Impact
Contribute to reshaping the electric grid with sustainable, cost-effective energy storage that enhances the reliability of renewable energy sources.
Collaborative Culture
Work alongside a diverse team of approximately 1,000 passionate individuals dedicated to excellence, creativity, and humanity in the energy sector.
Competitive Compensation
Benefit from a robust funding history, including over $1.2 billion raised, ensuring competitive salaries and resources for employee growth.
Recognized Achievements
Be part of a company that has secured over 4 gigawatt-hours of commercial contracts with leading utilities like Georgia Power and Xcel Energy.
Future-Focused Mission
Engage in Form Energy's mission to create low-cost, multi-day energy storage systems that ensure a clean, secure, and reliable electric grid.
MARKET AND TRACTION
TOTAL ADDRESSABLE MARKET
NOTABLE CUSTOMERS
KEY METRICS
✦ KEY METRICGROWTH TACTICS
COMPETITIVE ADVANTAGE
PRODUCT AND TECH
Iron-Air Battery Technology
Form Energy's flagship product is a rechargeable iron-air battery that can store electricity for up to 100 hours, providing a cost-effective solution for long-duration energy storage. This technology addresses the challenges of intermittent renewable energy sources, enhancing grid reliability.
Long-Duration Energy Storage
The company's focus on long-duration energy storage systems enables the integration of renewable energy sources like wind and solar into the electric grid. By storing energy for extended periods, Form Energy helps ensure a stable and reliable power supply.
Commercial Contracts
Form Energy has secured over 4 gigawatt-hours of commercial contracts with leading utilities and energy entities, including Great River Energy and Georgia Power. These partnerships demonstrate the practical application and demand for their innovative energy storage solutions.
High-Volume Manufacturing
Form Energy is constructing its first high-volume manufacturing facility, Form Factory 1, in West Virginia, aimed at scaling production of its iron-air batteries. This facility represents a significant step towards meeting the growing demand for sustainable energy storage solutions.
Partnerships with Utilities
The company collaborates with major utilities and energy organizations to deploy its energy storage systems, enhancing grid reliability and supporting the transition to renewable energy. These partnerships are crucial for implementing their technology on a larger scale.