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Energy Storage
Form Energy raises $40 million for grid storage
by Melody M. Bomgardner
August 30, 2019
| A version of this story appeared in
Volume 97, Issue 34
Form Energy, a Massachusetts Institute of Technology spin-off, has raised $40 million in its second funding round from investors including the venture capital arm of the Italian oil company Eni. Form Energy is developing what it calls low-cost, long-duration energy storage to help electric grids access renewable energy on demand. The firm has not disclosed its technology or materials but says it will use the funds to develop prototypes and a megawatt-scale pilot system.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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