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Form Energy — Startup ProfileIron-air batteries for multi-day energy storageHQ: Somerville, MA, United States | Founded: 2012 | Employees: 500-1,000 | Stage: Late Stage (Series E) | Website: https://formenergy.comAboutForm Energy is developing iron-air batteries capable of storing electricity for 100 hours at a fraction of the cost of lithium-ion batteries. The company's technology uses iron to create long-duration energy storage that can enable the grid to rely entirely on renewable energy.Key Metrics

Total Funding: $205M

Last Round: Series E

Founded: 2012

Headcount: 500-1,000

Valuation: $5.38B

Funding Rounds

Round: $205M (2024-06-01) — T. Rowe Price, ArcelorMittal

Round: $240M (2022-04-01) — Bill Gates' Breakthrough Energy Ventures

Key People

Yet-Ming Chiang

Mateo Jaramillo

Key Competitors

ESS Inc. —

ESS Tech —

Lithium-ion battery companies —

Timeline Highlights

2024-06-01: Series E

2012-01-01: Founded

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