Form Energy gets bulk of US$15 million NY grant for long-duration energy storage projects

LinkedIn
Twitter
Reddit
Facebook
Email

Iron-air battery firm Form Energy has received a US$12 million grant from the state of New York for a 1GWh long-duration energy storage project, whilst Ecolectro Inc, PolyJoule Inc and Urban Electric Power received smaller amounts.

The US$12 million will go towards a 10MW/1,000MWh demonstration project that Form Energy will develop, design and build using its iron-air battery materials with project location still to be determined.

Form has developed a battery chemistry based around the oxidisation, or rust, of iron that can store electrical energy and discharge it at 100+ hours cost-effectively, the company has claimed.

The company is already in the process of deploying two systems of the same size for utility Xcel Energy in Minnesota and Colorado, and started building its gigafactory in West Virginia earlier this year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The US$15 million funding will be administered by the New York State Energy Research and Development Authority (NYSERDA) and will see smaller amounts go to the three other companies.

Ecolectro Inc will get just over US$1 million to build prototype electrolyser units using its polymer chemistry and materials that are expected to reduce the cost of producing hydrogen via electrolysis and create a drop-in replacement for current designs. The units will be built in a pilot project with Liberty Utilities in Massena, New York.

PolyJoule Inc also got a nudge over US$1 million to install 167kW/2MWh modular LDES battery energy storage system (BESS) in partnership with Eastern Generation at its Astoria Generating Station located in Queens, New York. The project aims to prove out its PolyJoule Conductive Polymer BESS technology.

Meanwhile, zinc alkaline battery company Urban Electric Power (UEP) will get around US$700,000 to deploy a 100kW/1MWh BESS in Pearl River, which will provide power resilience to end users, peak shaving and demand response services.

On top of the US$15 million, NYSERDA will administer another US$8.15 million programme to support technologies which have yet to be commercialised. Project submissions should ‘advance, develop or field-test hydrogen, electric, chemical, mechanical or thermal-electric storage technologies that will address renewable integration challenges, such as grid congestion, hosting capacity constraints and siting in New York City’, the annoucement said.

19 November 2026
London, UK
The Energy Storage Awards (ESAs) aim to reward excellence and hard work in the European industry, recognising the pioneering spirit and dedication to positive change it represents. Now in their fourth year, the Energy Storage Awards are brought to you by Solar Media, publisher of global energy storage industry website Energy-Storage-News, and host of events including the Energy Storage Summit series in the UK, US, Asia and Australia.
20 April 2027
Renaissance Dallas at Plano Legacy West Hotel, Dallas, Texas, Dallas
Policy, Procurement and Power Demand: Defining the Next Chapter for Energy Storage. Two days in Dallas where developers, IPPs, investors, utilities and the manufacturers building the technology come to close deals, not swap business cards. If you need to be in the room with the people deploying capital into US storage, this is that room.

Read Next

November 6, 2026
Renewables developer D. E. Shaw Renewable Investments (DESRI) and Ford Motor Company’s energy storage subsidiary, Ford Energy, will partner to deploy energy storage in the US.
November 6, 2026
Norges Bank Investment Management (NBIM), the asset management unit of the central bank of Norway, has acquired a 10% interest in North American battery storage developer-operator Aypa Power.
November 5, 2026
US retail giant Walmart has made a strategic investment in home battery storage firm Base Power, while Sunrun has doubled the size of its home battery VPP in Puerto Rico.
November 5, 2026
Democrats scored major victories in the US Midterm elections, taking both the House and Senate and flipping several long-held Republican strongholds, with changes likely to occur in the clean energy sector.
November 4, 2026
The Democrats have won the House and the Senate in the US Midterm elections, dealing a blow to the Trump administration and sending Chinese and Korean battery share prices upwards.