The US Department of Energy (DOE) has shortlisted the projects to receive US$325 million for long-duration energy storage (LDES), with technology providers including Energy Dome, Invinity, Form Energy and Redflow.
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.
US utility company Xcel Energy has received approval from Minnesota state regulators to build a 1GWh project in the state using Form Energy’s iron-air battery storage technology.
Groundbreaking has taken place in West Virginia, US, for the factory where startup Form Energy will be mass producing batteries for long-duration energy storage (LDES) applications.
Utility Xcel Energy has received a US$20 million grant commitment from VC firm Breakthrough Energy for projects using Form Energy’s iron-air battery, while a sodium ion battery firm has secured bridge financing.
‘Multi-day’ battery storage startup Form Energy’s proprietary iron-air battery is set to be deployed at the sites of two US coal power plants due for retirement.