Google paid startup Form Energy $1B for its massive 100-hour battery


Google announced earlier this week that it was building a new data center in Minnesota that would be powered by a mix of wind, solar, and a very unique battery built by startup Form Energy that’s capable of discharging for days on end.

Now we know the price tag for that feat of electrochemical engineering: about $1 billion, according to The Information.

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. Form has raised $1.4 billion to date, according to PitchBook. The company plans to go public next year.



Source link

  • Related Posts

    Anthropic refuses to bow to Pentagon despite Hegseth’s threats

    Despite an ultimatum from Defense Secretary Pete Hegseth, Anthropic said that it can’t “in good conscience” comply with a Pentagon edict to remove guardrails on its AI, CEO Dario Amodei…

    Nvidia’s Jensen Huang Says Agentic AI Has Arrived at an ‘Inflection Point’

    During Nvidia’s quarterly earnings call on Wednesday, CEO Jensen Huang said that agentic AI has reached “an inflection point” and that AI agents are “solving real problems.”  The company’s powerful chips have…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    ‘I was so isolated’: Pro-Palestine activist attempted suicide in UK prison | Israel-Palestine conflict News

    ‘I was so isolated’: Pro-Palestine activist attempted suicide in UK prison | Israel-Palestine conflict News

    A new Gallup poll shows how Americans’ sympathies have shifted in the Israeli-Palestinian conflict

    A new Gallup poll shows how Americans’ sympathies have shifted in the Israeli-Palestinian conflict

    Gambling blog works out Bigfoot sighting odds in Canada, United States

    Skate developer Full Circle confirms layoffs, claims commitment to the game’s future “remains strong”

    Skate developer Full Circle confirms layoffs, claims commitment to the game’s future “remains strong”

    Anthropic refuses to bow to Pentagon despite Hegseth’s threats

    Anthropic refuses to bow to Pentagon despite Hegseth’s threats

    The worst day for Nvidia's stock since last spring drags Wall Street lower

    The worst day for Nvidia's stock since last spring drags Wall Street lower