Form Energy raises $405 million for its multi-day iron-air batteries

The US-based long duration energy storage startup has raised more than $1. 2 billion to date, making it one of the top-funded players in the space. From ESS News Form Energy is looking to accelerate the expansion of its 100-hour iron-air battery system manufacturing in the US on the back of a $405 million Series F financing round. Announcing the major funding milestone on Wednesday, the company said this brings its total funding to date to more than $1. 2 billion. The startup's latest funding round, led by T. Rowe Price, has also seen GE Vernova as a new investor. Existing investors Bill Gates' ...

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