Form Energy is an energy storage technology and manufacturing company that aims to make renewable energy more reliable and cost-effective. The company's flagship product, the iron-air battery, is capable of storing electricity for up to 100 hours, providing a scalable solution for long-duration energy storage. This technology is set to revolutionize the energy grid by offering a system cost competitive with traditional power plants, enabling the seamless integration of renewable energy sources like wind and solar.
Form Energy has raised $405 million in a Series F funding round led by T. Rowe Price. In total, the company has raised more than $1.2 billion to date.
Form Energy, Somerville, Massachusetts, United States, was founded in 2017 by Mateo Jaramillo, Yet-Ming Chiang, Ted Wiley, Marco Ferrara, and William Woodford. “We are deeply grateful to T. Rowe Price for leading our Series F fundraising round and look forward to collaborating with them as we expand our operations to meet the surging demand for our product. We are also excited to welcome GE Vernova to our growing group of investors and extend our sincere thanks to our long-standing partners, whose continued trust and support have been crucial to our success and growth over the years,” noted Mateo Jaramillo, CEO and Co-founder of Form Energy.
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