Most grid-scale battery technologies on the market can only provide, at most, four to six hours of energy storage at full rated power. While this is adequate for some circumstances, recent severe weather events – ranging from heat waves to cold snaps to thousand-year rains – have hampered the electric grid. To reach energy independence, meet supply chain challenges, and run the grid reliably and affordably, there is a need for new, transformative domestically-manufactured energy storage technologies capable of cost-effectively storing electricity for multiple days. With more than 400 employees, Form Energy is an American energy storage technology and manufacturing company that is developing and commercializing an iron-air battery capable of cost-competitively storing electricity for 100 hours.
Mateo Jaramillo, Co-founder and CEO of Form Energy noted at the ceremony, “It is exciting to be here today at the home of our first commercial battery manufacturing facility where we will soon break ground on construction. We are thankful to Governor Jim Justice, Secretary Mitch Carmichael, Senator Weld, Delegate Zatezalo, Speaker of the House of Delegates Roger Hanshaw, Senate President Craig Blair, and the City and County officials for their continued collaboration and support, which will bring 750 new jobs to West Virginia. We look forward to commencing construction in the coming months and to manufacturing batteries for broad commercialization starting in 2024.”
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