Latest Form Energy News & Updates

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Form Energy

Manufacturer of iron-air multi-day grid energy storage systems

formenergy.com

Headquarters: Somerville, United States
Founded year: 2017
Company type: Private company
Number of employees: 800–1,000
Industry: Renewable Energy Equipment & Services

Last updated Today

Latest news about Form Energy

In short: Form Energy secured $750 million in Series G funding and expanded its iron-air battery production and commercial project pipeline.

Company announcements

August 12 Form Energy

Form Energy secures $750M in Series G financing

T. Rowe Price led the round, bringing total equity raised to over $2 billion. Funds will accelerate iron-air battery manufacturing and commercial deployments.

April 17 Form Energy

Form Energy surpasses 75 GWh commercial pipeline

Recent agreements include 30 GWh with Xcel Energy for Google data center, 12 GWh with Crusoe for AI, and 1 GWh with FuturEnergy Ireland internationally. They seek team members.

March 24 Form Energy

Form Energy and Crusoe announce 12 GWh iron-air battery agreement

The deal supports AI data centers starting 2027 with manufacturing in Weirton, West Virginia. It advances U.S. leadership in AI-energy nexus.

March 17 Form Energy

Form Energy announces agreement with FuturEnergy Ireland

They will deploy a 10 MW / 1,000 MWh iron-air battery system in northwest Ireland, marking Form Energy's first international project, expected online in 2029.

Media coverage

August 26 Yahoo Finance

Facilities betting big on low-cost, 100-hour iron-air batteries

A $1 billion project with Google and Xcel would create the world’s largest battery, producing 30 gig...

August 20 Latitude Media

What’s behind Form Energy’s down round

Form raised its Series G at a $1.75-billion pre-money valuation, down from $3 billion in 2024 — but it's isn’t necessarily ...

August 12 axios

Scoop: Form Energy cuts valuation in latest raise

Long-duration battery developer Form Energy raised its latest funding at a $1.75 billion pre-money valuation, Axios Pro has learned. That's down from about $3 billion...

August 12 The Boston Globe

Somerville's Form Energy lands $750M investment to expand its West Virginia battery factory

Utility-scale battery maker Form Energy has received a big jolt from investors, securing $750 million in new equity investments to help power the expansion of...

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