Form Energy is an American energy storage company focused on developing a new class of cost-effective, multi-day energy storage systems that will enable a reliable and fully-renewable electric grid year-round. Their first commercial product is a rechargeable iron-air battery capable of storing electricity for 100 hours at system costs competitive with legacy power plants.

Ted Wiley

Marco Ferrara

Mateo Jaramillo

Yet-Ming Chiang

William Woodford

Form Energy

Farasis Energy develops and manufactures sustainable energy storage solutions for the e-mobility sector, self-described as a technology partner.

Farasis Energy

Climate Edge is an innovation studio that partners with organizations to build impactful climate ventures and innovation ecosystems. The mission is to restore the Earth’s carbon cycle by accelerating the development and deployment of climate technologies.

Climate Edge

Form Energy is developing a new class of cost-effective, multi-day energy storage systems that will enable a reliable, resilient, and fully renewable electric grid year-round. Our pioneering battery technology will entirely reshape the global electric system and give it new form.

Learn more about Form Energy at www.formenergy.com.

We believe that to achieve climate justice, we need everyone at the table. We strive to build a company with a workforce reflective of the communities we aim to serve with our technology – a company where every employee feels a sense of belonging. We commit significant resources towards equity, inclusion, and diversity and hold ourselves accountable to continuous improvement. We are always looking for talented, hardworking individuals to join our team! If you’re interested, please visit www.formenergy.com/careers.

NYSERDA

California Energy Commission

Hedonova

Energy Impact Partners

Macquarie Capital

Temasek Holdings

The Engine

Blindspot Ventures

Breakthrough Energy Ventures

Capricorn Investment Group

Coatue

NGP Energy Technology Partners

Prelude Ventures

ArcelorMittal

Cap Table Coalition

Ischyros New York

The Rise Fund

TPG Rise Climate Fund

VamosVentures

Canada Pension Plan Investment Board

We are honored that TIME named Form Energy’s iron-air battery as one of the Best Inventions of 2023 - a list of 200 groundbreaking inventions with the potential to change our lives.

Our iron-air battery technology is capable of storing energy for multiple days, paving the way for the global electric grid to run on clean, reliable, and affordable energy year-round. 

Learn more about why TIME named us one of the Best Inventions of 2023 here: https://lnkd.in/gz-thV7p 

We’re also #hiring - check out our open roles! https://lnkd.in/dXZW3JrP 

#TIMEBestInventions #CleanEnergy #ClimateTech #CleanEnergyJobs #ClimateTechJobs #WorkForForm

According to a new report released by the California Energy Commission, long-duration energy storage will play an essential role in helping California meet its decarbonization goals, with up to 37 GW expected to be needed to achieve a zero-emissions grid by 2045.

The report was prepared by researchers from Energy and Environmental Economics, Inc., UC San Diego, and Form Energy, and is the most in-depth study on the role of long-duration energy storage in California to date.

Check out the study's spark notes in this Utility Dive article:
https://lnkd.in/dFVYqB8u

“These things, they start out as a dream, where you say, 'OK, I can imagine a future that's better,' but then they become a reality through heart and hard work." -Ted Wiley, President & COO of Form Energy

Since breaking ground 7 months ago on Form Factory 1 in Weirton, West Virginia, our team - along with hundreds of local workers and tradespeople - have poured countless hours of hard work and energy into bringing the factory to life in record time. 

Yesterday, we achieved a great milestone. We raised the factory's final steel beam, and hosted a ceremony to celebrate the completion of the building’s framing and the importance of building new manufacturing facilities in America.

Overall, it was a wonderful day in Weirton! Following the beam raising ceremony, we hosted another Form Factory 1 hiring event and were pleased to meet with so many great candidates from the region.  

Learn more about this milestone, our hiring event, and what’s next for Form Factory 1 in this story by Wtov9: https://lnkd.in/gyG57XAU

Big news for Form Factory 1 in Weirton, West Virginia! Tomorrow, 2/8 @ ~10:30AM EST, we’ll be raising the factory’s last steel beam and livestreaming the event. This is a big milestone for the team, bringing us one step closer to opening our factory doors later this year. 

Interested in tuning in? Watch here! https://lnkd.in/gHdvi4Ht

#AmericanManufacturing #MadeInAmerica #YesWV #AlmostHeaven

Today the American Clean Power Association (ACP), the leading trade organization representing the clean energy industry, announced its 2024 Officers, Board of Directors, and Executive Committee.

We are pleased to share that Form Energy’s Co-Founder & CEO, Mateo Jaramillo, will continue to serve on the ACP Board and as a member of the newly elected Executive Committee. He will serve alongside leaders from a diverse range of clean energy-focused companies.

Learn more here: https://lnkd.in/eYs8FCUE

What can long-duration energy storage do for California?

The California Energy Commission just published a study which found that #LDES, including multi-day storage, could play a key role in helping California cost-effectively meet its decarbonization goals – with anywhere between 5-37 GW of storage anticipated to be needed by 2045.

Conducted using Energy and Environmental Economics, Inc. and Form Energy's best-in-class grid modeling tools, it’s the most in-depth study on the potential for LDES in California yet. 

Curious to learn more? Check out a summary of the paper’s key findings here: https://lnkd.in/gbnQHqe4

This past week was a winter wonderland at Form Factory 1! ❄️

Our construction team has made fantastic progress on both the exteriors and interiors of the building. In this video, we share a sneak peek of what it’s starting to look like inside the factory for the first time 👀

Want to work at Form Factory 1? We’re hosting a hiring event on Thursday, February 8th in Weirton, West Virginia to fill a variety of roles on our manufacturing team.

Join us! https://lnkd.in/gzg5svgs 

#YesWV #manufacturingjobs #workforform

“The global market for these systems—essentially large batteries—is expected to grow tremendously in the coming years.”

Hear more from Form Energy co-founders Yet-Ming Chiang and Marco Ferrara about the rapidly growing energy storage market, and how Form’s iron-air batteries fit into that, in the latest issue of Energy Futures by the MIT Energy Initiative. 

Published twice annually, Energy Futures shares the latest energy research and initiatives connected to the Massachusetts Institute of Technology. 

Full article here 👉 https://lnkd.in/gPZEkMs3

At Form Energy, we’re fortunate to work with colleagues who bring a spirit of humanity, creativity, and excellence to work everyday. Today, we’d like to spotlight Marie Mayer, Director of Validation at Form.  

Marie leads a team of engineers responsible for testing and ensuring that our manufacturing lines are set up to produce Form’s iron-air batteries at scale. 

Prior to working at Form Energy, Marie received her PhD in solar materials science and energy from UC Berkeley, and worked in the electric car battery industry for 10+ years. Over time, Marie realized that the next critical challenge she wanted to tackle was grid-scale energy storage. So, last year, she joined the Form Energy team in Pittsburgh. 

Here’s why she joined, in her own words: 

“I started thinking more about where electric power was coming from and recognized the importance of the challenge Form Energy is working to solve by creating grid-scale storage for clean and reliable energy. My job with Form allows me to use many of the skills I’ve built to support American manufacturing too. I’m proud to have two chances to change the world with one company!”

Curious to learn more about Marie’s career journey during this exciting time of Form ramping up manufacturing? Check out this employee spotlight on Marie: 

https://lnkd.in/g4A9H2eu 

Want to work with Marie? Our Manufacturing Engineering team is growing. Check out our open roles! 

https://lnkd.in/gdRF3EtF 

#formenergy #energystorageforabetterworld #workforform #workwithher

Last week, we held our first hiring event in Weirton, WV for production operators and engineering roles at Form Factory 1.  We were so pleased with the great turnout and look forward to hosting another interview day on February 8th.  More details to come soon!  #almostheaven #manufacturingengineering #manufacturing #manufacturingjobs #YesWV #workforform

https://lnkd.in/gn2AD4V8

Metric
Company Name	Form Energy	Farasis Energy	Climate Edge
Symbol
MSH ID	COM:FORMENERGY	COM:FARASIS-ENERGY	IO:CLIMATEDGE
Market	PRIVATE	PRIVATE	PRIVATE
Sector	Energy	Technology	Technology
Industry	Energy Storage Technology and Manufacturing	Energy Storage and E-Mobility	Environmental Services
Country	US	DE	US
Stage	Series F	Post-IPO Equity	Pre Seed
Employee Count	608
Website	formenergy.com	farasis-energy.com	climatedge.io
LinkedIn	form-energy	farasis
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic	51.20K	7.55K
Web Traffic Growth	0.51	1.44
Valuation
Raised Capital	405M	449.61M	617.22K

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COM:FORMENERGY

Form Energy

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