Getting climate, energy & environment news right.

Energy Startup Raises $750 Million for Rust-Powered Batteries

A startup that makes giant iron-air batteries that store enough power to last several days has raised a new round of funding valued at $750 million.

Form Energy, which has now raised more than $2 billion in total, plans to use the money to boost manufacturing at its Weirton, WV, plant and for its first wave of commercial projects, including a project for the utility Xcel Energy in partnership with Google.

Read more in the Wall Street Journal here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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