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Form Energy Raises Another $70M For Long-duration Storage | Greentech Media

by greentechmedia.com posted 1week ago 33 views
Form Energy raised a $70 million Series C to scale its super-long-duration energy storage technology. That investment was first reported by Reuters Friday, without naming the participating investors. It brings Form Energy's total funds raised to around $120 million, a hefty sum for a novel technology that's still a few years away from its first commercial deployment. Lithium-ion batteries dominate nearly all the grid storage that is being installed today, but that technology's cost-effectiveness wanes in applications geared to store energy for many hours or days.