Amrith Ramkumar of The Wall Street Journal reports that Form Energy has raised $450 million.
- Form Energy is a Massachusetts-based startup that is looking to solve the intermittency problems of renewable power.
- The company has developed a battery that takes in oxygen and converts iron to rust and reverses this process to charge and discharge the battery.
- Form’s latest funding round will allow the company to build its first manufacturing facility which will produce commercially-available batteries in 2024.
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