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Form Energy Stock

Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration.

Founded

2017

Notable Investors

Coatue

Headquarters

Somerville MA, US

Total Funding

$280M

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

Other Companies

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