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Form Energy Raises Another $70M for Long-Duration Storage

Julian Spector writes on Greentech Media that Form Energy has raised another $70 million for long-term energy storage.

The C3 Take

Although Form Energy hasn’t named all of its investors, the newly raised $70 million brings the total raised for energy storage to $120 million.

“The market for long-duration storage is still coming into existence, but a few developments signaled greater traction taking hold this year. California’s energy regulator called for 1 gigawatt of long-duration storage to be installed in the state by 2026. In October, a group of community-choice aggregators in California launched the first major solicitation dedicated to long-duration energy storage. Earlier this month, liquid air storage company Highview Power recently began construction on a 50 MW/250 MWh plant near Manchester, which will test the economic viability of that technology in the U.K. power markets.”

Read the full article 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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