Form Energy is an American energy storage company focused on developing energy storage systems to enable a year-round electric grid. Form Energy's first commercial product is a rechargeable iron-air battery capable of cost-effectively storing electricity for 100 hours at a time.[1]
History
Form Energy was founded in 2017 by former head of battery development for Tesla Mateo Jaramillo, MIT professor and battery scientist Yet-Ming Chiang, Ted Wiley, William Woodford and Marco Ferrara.[2]
In December 2022, the company announced its first manufacturing plant site: 55 acres in Weirton, West Virginia. The US$760 million project was expected to employ ~750 workers and to begin initial shipments in 2024.[3] The plant's construction will be funded in part by the state of West Virginia with $105 million in surplus tax dollars.[4]