Form Energy Stock
Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration.
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About Form Energy Stock
Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration. It aims to make batteries that can dispatch energy for days, expanding the ability to supply electricity generated from wind and solar power to the grid. The company's technology transforms the electric grid by making renewable energy dispatchable year-round, as well as extending transmission capacity without building new wires, and replacing the need for conventional thermal generation. Its core technology was invented at MIT and is supported by investors which include Breakthrough Energy Ventures, MIT’s The Engine, Macquarie Capital, Eni Next, Capricorn Investment Group, and Prelude Ventures. Their team members are active learners who like working on tough technology problems that can only be solved with a combination of scientific innovation and hard work. Co-founders Marco Ferrara, Mateo Jaramillo, Yet-Ming Chiang, William Woodford, and Ted Wiley headquartered the company in Somerville, Massachusetts in 2017.
Investors
Funding History
June 2018 | $9.0M |
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August 2019 | $40.0M |
November 2020 | $76.0M |
July 2021 | $155M |
Management
President, COO, & Co-Founder
Ted Wiley
CTO & Co-Founder
William Woodford
CEO & Co-Founder
Mateo Jaramillo
Co-Founder and Chief Scientist
Yet-Ming Chiang
Co-Founder, SVP Analytics & Business Development
Marco Ferrara
Vice President, Systems Engineering
Zachary Judkins
Vice President Finance
Charlotte Beard
Investor
David Danielson
Board Member
Michael Skelly
Board Observer
Jaimin Rangwalla
Press
axios - Apr, 7 2024
Form Energy preparing to raise $500M for long-duration batterybizjournals - Apr, 7 2024
Form Energy layoffs 2024: Company cuts 'small percentage' of jobsfarmanddairy - Mar, 2 2024
Steel mills in Weirton see a rebirth of industry with Form Energywesa - Mar, 2 2024
Form Energy begins manufacturing long-duration, utility-scale batteries