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Could Iron Range iron power the storage battery of the future?
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Company Says its Multi-Day Storage Batteries For Renewable Energy Are the Holy Grail We ve Been Waiting For
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New iron-air battery stores electricity for days by RUSTING
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July 23, 2021
Form Energy finally lifted the veil of secrecy over its technology that purports to store clean electricity for days on end.
The startup revealed Thursday that it is building iron-air batteries, a technology that has been studied for decades but never commercialized for grid storage. The announcement coincided with a profile in the
Wall Street Journal and a $200 million Series D raise led by global steel and mining giant ArcelorMittal.
“We felt that we had made enough progress that it was relevant to talk about,” Form CEO Mateo Jaramillo told Canary Media Thursday.
The company had filed for the patents it needed to secure its intellectual property, he added. And when news broke that a steel company, which sources massive amounts of iron, was taking a stake in Form, some people probably could have connected the dots.
Form Energy Battery System Rendering. Courtesy Form Energy
Salt and rust the bane of your car s existence may be the keys to storing enough renewable energy to power the electric grid for several days. That s according to two local companies that have emerged with innovative battery designs based on cheap, widely-available materials.
After four years of stealth R&D, Somerville-based Form Energy has emerged with what could be a breakthrough energy storage technology, based on rust.
Form Energy president and CEO Ted Wiley says the company has produced hundreds of working prototypes of an iron-air-exchange battery that can store large amounts of energy for several days.