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.

‘Multi-day storage’ tech company Form Energy and US utility Georgia Power have sealed a “definitive agreement” for a grid-scale project.

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.

West Virginia governor Jim Justice has signed off on a US$105 million grant to Form Energy for its iron-air battery plant in the state in a ceremony.

‘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.

Mateo Jaramillo, CEO of long-duration energy storage startup Form Energy responds to our questions on 2022 and the year ahead.

Form Energy has chosen a site in West Virginia, US, to manufacture its multi-day iron-air battery with a total investment of up to US$760 million.

Form Energy has raised US$450 million from investors including ArcellorMittal, bringing the startup’s total investment to US$800 million.