Form Energy
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$9.0m | Series A | ||
$40.0m | Series B | ||
$76.0m | Series C | ||
$240m | Series D | ||
* | $450m | Series E | |
* | $105m | Grant | |
* | $12.0m | Grant | |
* | $30.0m | Grant | |
Total Funding | CAD1.3b |
Recent News about Form Energy
EditForm Energy is a startup that operates in the renewable energy sector, specifically focusing on the development, manufacturing, and commercialization of cost-effective, multi-day energy storage systems. Their primary goal is to enable a reliable and fully renewable electric grid that can function efficiently throughout the year.
The company's main product is an iron-air battery that can store electricity for up to 100 hours. This product is competitively priced, making it a viable alternative to traditional power plants. Form Energy's business model revolves around the sale of these innovative energy storage systems to clients who are looking to transition to renewable energy sources.
Form Energy's target market includes entities that manage and operate electric grids, such as utility companies and municipalities, as well as businesses and individuals seeking to reduce their carbon footprint. The company generates revenue through the sale of its energy storage systems and related services.
The company is backed by leading investors who believe in the potential of low-cost, multi-day energy storage as a critical component of a reliable, secure, and fully-renewable electric grid. Form Energy is also committed to hiring a diverse workforce of talented individuals who are driven by the mission to facilitate the deep decarbonization of the electric system.
Keywords: Renewable Energy, Energy Storage Systems, Iron-Air Battery, Electric Grid, Cost-Effective, Decarbonization, Climate Change, Innovation, Manufacturing, Commercialization.