"Form Energy's massive iron-air battery is capable of delivering a continuous 300 megawatts of electricity over 100 hours. It works by breathing, in a sense - oxygen pumped into the cells rusts iron, which releases electrons. The battery will work to smooth the flow of electrons from 1.4 gigawatts of wind power and 200 megawatts of solar power."
"The startup has been chipping away at the technology for years, and it has built a factory in West Virginia to produce the batteries. But it hadn't landed a major customer until this recent deal with Google. With a big order on the books, Form Energy CEO Mateo Jaramillo said that his company is in the process of raising a $500 million round."
Google is building a Minnesota data center powered by renewable energy sources including wind, solar, and an innovative iron-air battery developed by Form Energy. The battery system costs approximately $1 billion and can deliver 300 megawatts continuously over 100 hours. The technology works by pumping oxygen into cells to rust iron, releasing electrons. This battery will stabilize power from 1.4 gigawatts of wind and 200 megawatts of solar capacity. Form Energy has spent years developing this technology and operates a West Virginia manufacturing facility. This Google contract represents the company's first major customer. Form Energy is raising $500 million and plans to go public next year, having raised $1.4 billion total to date.
Read at TechCrunch
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