Russell Gold of The Wall Street Journal reports on Form Energy, a startup that has made a breakthrough in long-duration battery technology.
- Form Energy’s battery, which is constructed with iron, is more cost competitive than lithium-ion batteries and will hit the market by 2025.
- This breakthrough could solve the intermittency problem of renewable energy sources and provide power when the sun isn’t shining and the wind isn’t blowing.
- The innovation and leadership of the private sector is creating a cleaner energy future.
“Form is preparing to soon be in production of the ‘kind of battery you need to fully retire thermal assets like coal and natural gas’ power plants, said the company’s chief executive, Mateo Jaramillo, who developed Tesla Inc.’s Powerwall battery and worked on some of its earliest automotive powertrains.”
Read the full article here.