Andrew Lee of Recharge reports on Form Energy, which has been backed by Bill Gates, Richard Branson, and Jeff Bezos.
- Form Energy uses novel technology that takes in oxygen and converts iron to rust to charge and discharge batteries.
- Form claims that its batteries are able to reliably store and discharge power for 100 hours straight at a rate that is cost competitive with legacy power plants.
- The company will build a $760 million plant in Weirton, West Virginia that will be able to produce batteries starting in 2024.
“Recharge reported in 2020 that Minnesota-based utility Great River Energy was planning to build a 1MW/150MWh grid-connected demonstration storage plant using Form Energy’s secret battery technology – providing 1MW of output for 150 hours straight – as it closes all but one of its fossil-fuel power plants.”
Read the full article here.
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