# Form Energy

**Source:** https://www.startuphub.ai/startups/form-energy
**Profile type:** Startup

> Form Energy develops and manufactures long-duration, grid-scale iron-air batteries for cost-effective renewable energy storage.

## About

Form Energy is a climate tech startup specializing in the development and manufacturing of iron-air battery technology for long-duration, grid-scale energy storage. Their innovative batteries store energy by reversibly rusting iron, offering a significantly cheaper alternative to lithium-ion batteries for storing renewable energy for up to 100 hours. This technology addresses the intermittency of wind and solar power, enabling continuous clean energy supply for utilities and large industrial consumers like data centers. The company operates a manufacturing facility in West Virginia and is deploying its first systems with major partners like Google and Xcel Energy.

## Key facts

- **Slug:** form-energy
- **Website:** https://formenergy.com
- **Location:** Somerville, Massachusetts, United States
- **Founded:** 2017-01-01
- **Employees:** 500
- **Operating status:** Active
- **Total funding:** $1.4B
- **Sectors / tags:** Batteries, Climate Tech, Energy Storage, Renewable Energy, Grid Infrastructure, Data Center
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/form-energy
  - Twitter: https://twitter.com/FormEnergyInc

## Frequently asked

### What does Form Energy do?

Form Energy is a climate tech startup specializing in the development and manufacturing of iron-air battery technology for long-duration, grid-scale energy storage. Their innovative batteries store energy by reversibly rusting iron, offering a significantly cheaper alternative to lithium-ion batteries for storing renewable energy for up to 100 hours. This technology addresses the intermittency of wind and solar power, enabling continuous clean energy supply for utilities and large industrial con…

### What is Form Energy's valuation?

StartupHub estimates Form Energy's effective valuation at $1.9B (range $1.4B to $2.5B, 33% confidence), based on comparable companies in the sector.

### How much funding has Form Energy raised?

Form Energy has raised a total of $1.4B in funding. The most recent round on record is Other.

### Where is Form Energy headquartered?

Form Energy is headquartered in Somerville, Massachusetts, United States.

### When was Form Energy founded?

Form Energy was founded in 2017.

### What industry does Form Energy operate in?

Form Energy operates in Batteries, Climate Tech, Energy Storage, Renewable Energy, Grid Infrastructure, Data Center.

### How many employees does Form Energy have?

Form Energy has approximately 500 people on record.

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