SOMERVILLE, Mass., August 23, 2019-- Form Energy, Inc., an energy company developing systems incorporating ultra-low-cost, long-duration storage, announced today the close of a $40 million Series B financing round led by Eni Next LLC, the corporate venture capital vehicle of Eni Group. It also announced that Michael Skelly, wind development pioneer and noted power infrastructure development expert, has joined the board. Joined by new investor Capricorn Investment Group, Series A investors Breakthrough Energy Ventures (BEV), Prelude Ventures, MIT's The Engine and Macquarie Capital also participated in the latest round.