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

August 18, 2023
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

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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.

11 November 2025
San Diego, USA
The 2024 Summit included innovative new features including a ‘Crash Course in Battery Asset Management’, Ask-Me-Anything formats and debate-style sessions. You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

November 10, 2025
A roundup of battery energy storage system (BESS) stories from the US including Fullmark Energy’s 130MWh BESS reaching commercial operations, Habitat optimising a 500MWh BESS for Ørsted, and Quino Energy securing US$16 million in Series A funding.
November 7, 2025
Developer-operator Plus Power has secured US$160 million in tax equity investments from Morgan Stanley for two battery energy storage system (BESS) projects in Massachusetts and Maine, US.
November 7, 2025
Trina Storage has signed a memorandum of understanding (MoU) with Pacific Green Energy Group to supply up to 5GWh of battery energy storage systems between 2026 and 2028.
November 6, 2025
Developer-operator GridStor’s 220MW/440MWh Hidden Lakes Reliability battery energy storage system (BESS) project in Texas, US, is now operational.
November 6, 2025
IPPs BrightNight and Cordelio Power have reached financial close on the 300MWac solar PV, 300MW/1,200MWh battery energy storage system (BESS) Pioneer Clean Energy Centre in Yuma, Arizona, US.

Most Popular

Email Newsletter