Only weeks after announcing the world’s largest project to support a Google data center in Minnesota, the US iron air battery specialist has entered another mega deal, bringing its project pipeline under agreement to more than 75 GWh.
The 300 MW / 30 GWh multi-day storage system from Form Energy will be paired with 1.6 GW of new renewables to facilitate Google’s 24/7 carbon-free energy goals.
Chemical battery storage, led by lithium, has made such significant strides in terms of cost, capacity and technology that batteries are now positioned to accelerate our already exponential solar growth.
Also on the rise: Form Energy raises $405 million for its multi-day iron-air batteries. Bipartisan initiative to accelerate deployment of distributed energy resources in U.S. And more.
The U.S.-based long duration energy storage startup has raised more than $1.2 billion to date, making it one of the top-funded players in the space.
The U.S. Department of Energy is supporting Power Up New England with $389 million of federal funding. As part of the Power Up New England program, Form Energy is to deploy an 85 MW/8500 MWh multi-day battery system in Lincoln, Maine.
The California Energy Commission awarded a contract to deploy a 5 MW / 500 MWh energy storage project in Mendocino County.
Also on the rise: Form Energy’s solution for a fossil-free New England: $100 billion in savings. California solar installation complete and ready for sheep grazing. And more.
Form Energy’s modeling tools suggest that adding 23.4 GW of their long-duration energy strorage would drastically enhance the efficiency of wind and solar, lowering the curtailment of renewables by up to 83%, and reducing the region’s capacity of needed solar power by over 100 GW.
As more renewable energy comes online each year, the added flexibility and resiliency that energy storage provides has never been more critical—because our grid is not as stable as it needs to be.
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