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 |
|---|---|
| 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
energy-storage - Jul, 11 2023
Xcel Energy 1GWh Minnesota project with Form Energy’s iron-air batteries approvedbizjournals - Jul, 5 2023
Fast-growing Form Energy leases big chunk of Somerville buildingcanarymedia - Jun, 20 2023
Form Energy closes its biggest deal yet for long-duration energy storagecleantechnica - Jun, 13 2023
Form Energy To Supply 15 MW/1500 MWh Battery To Georgia Powerpv-magazine-usa - Jun, 12 2023
Form Energy to deploy 100-hour iron-air battery system in Georgiabizjournals - May, 27 2023
How Form Energy in Weirton is building a clean-tech revolution on a former steel plantbizjournals - May, 26 2023
Form Energy celebrates groundbreaking of big battery plant in Weirtonbizjournals - Apr, 17 2023
Form Energy plant among $150B acceleration of clean energy spendingbizjournals - Feb, 16 2023
Form Energy hiring at Eighty Four pilot manufacturing sitebizjournals - Feb, 2 2023
Form Energy’s newest battery contract will be built at new Weirton plantnews - Jan, 27 2023
Venture Fell More Than 40% In Hottest States For Fundingnewatlas - Jan, 10 2023
Form Energy's ultra-cheap iron-air batteries to get $760M factorynews - Jan, 9 2023
North American Startup Funding Tanked In Q4, Closing Out A Down Yearenergy-storage - Jan, 3 2023
Iron-air battery company Form Energy chooses West Virginia for first manufacturing plantbizjournals - Dec, 23 2022
Why Form Energy picked Weirton for its $760M new battery plantgovernor - Dec, 23 2022
Gov. Justice announces Form Energy will site first American battery manufacturing plant in Weirtonbizjournals - Dec, 22 2022
Form Energy to build its first manufacturing plant in West Virginiafinance - Dec, 22 2022
Bill Gates-Backed Form Energy Plans $760 Million West Virginia Plantnews - Nov, 2 2022
The 10 Biggest Rounds Of October: LanzaTech Locks Up $500M, Form Energy Powers Up With $450Mprnewswire - Oct, 21 2022
USD 450 million funding for iron-air battery developer Form Energy to lead to extensive growth opportunities in metal-air battery technology - Exclusive Report by MarketsandMarkets™TechCrunch - Oct, 10 2022
Form Energy’s iron-air battery on pace for 2024 launch with $450M Series Ecanarymedia - Oct, 8 2022
Form Energy wins $450M to rust iron for multiday energy storagewsj - Oct, 7 2022
Long-Duration Battery Startup Form Energy Raises $450 Millionnews - Oct, 7 2022
The Week’s 10 Biggest Funding Rounds: LanzaTech Lands Huge Raise; Form Energy Gets New Funding For Batteriesvcnewsdaily - Oct, 5 2022
Form Energy Announces $450M Series E Roundnews - Mar, 22 2022
Battery Tech And Fusion Dominate Big Energy Tech Funding Roundscleantechnica - Nov, 19 2021
An Interview With Form Energy Founder Mateo Jaramillo (Video)TechCrunch - Nov, 16 2021
Form Energy, the buzzy battery tech company, offers more of a window into its worksosvclimatetech - Oct, 8 2021
Form Energy’s Mateo Jaramillo: Making renewable energy reliable energyimpactalpha - Aug, 25 2021
Form Energy scores backing from TPG’s $5.4 billion climate fundfinance - Aug, 6 2021
Battery technology: Form Energy 'a solution that has a very clear path,' CEO saysfinance - Aug, 5 2021
Form Energy CEO on the renewable energy market: ‘The winds are really at our backs’extremetech - Jul, 27 2021
Battery Startup Claims Dramatic Improvement in Industrial Battery Lifebit - Jul, 26 2021
A new Iron Age? Startup promises low-cost, high-energy iron-air batteries for home gridsrechargenews - Jul, 25 2021
World's cheapest energy storage will be an iron-air battery, says Jeff Bezos-backed start-upcleantechnica - Jul, 25 2021
Form Energy Reveals Iron-Air 100 Hour Storage Batterycanarymedia - Jul, 24 2021
Stealthy storage contender Form Energy reveals secret formula: Iron and airdlvr - Jul, 24 2021
Multi-day iron-air batteries reach commercialization… at one tenth of the cost of lithiumsolarbuildermag - Jul, 23 2021
Form Energy says its iron-air battery is a multi-day energy storage systemaltenergymag - Jul, 23 2021
Form Energy Unveils Chemistry of Multi-day Storage Battery Technologyscottamyx - Dec, 23 2020
Interview with Katie Rae, CEO & Managing Partner of The Enginerechargenews - Nov, 21 2020
Investors plough $70m into secretive Bill Gates-backed 150-hour-battery start-up Form Energypv-magazine-usa - Nov, 16 2020
Form Energy’s stealthy ‘aqueous air battery’ with 150-hour duration gets another $70 millionanalyzemarkets - Nov, 15 2020
Energy Storage Developer Form Energy Raises USD 70mn Series C; Bringing total Funding to USD 120mnreut - Nov, 14 2020
U.S. advanced battery startup Form Energy nabs $70 million in funding: CEOgreentechmedia - May, 13 2020
What Form Energy’s Long-Duration Storage Deal Means for the Industrygreentechmedia - May, 13 2020
What Form Energy’s Long-Duration Storage Deal Means for the Industrygreentechmedia - May, 9 2020
Long Duration Breakthrough? Form Energy’s First Project Tries Pushing Storage to 150 Hourspulse2 - Sep, 17 2019
Somerville-Based Form Energy Closes $40 Milliongreentechmedia - Sep, 17 2019
Form Energy Raises $40M Series B for Super-Long-Duration Grid StorageEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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