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Overview
Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration. It aims to make batteries that can dispatch energy for days, expanding the ability to supply electricity generated from wind and solar power to the grid.
The company's technology transforms the electric grid by making renewable energy dispatchable year-round, as well as extending transmission capacity without building new wires, and replacing the need for conventional thermal generation. Its core technology was invented at MIT and is supported by investors which include Breakthrough Energy Ventures, MIT’s The Engine, Macquarie Capital, Eni Next, Capricorn Investment Group, and Prelude Ventures. Their team members are active learners who like working on tough technology problems that can only be solved with a combination of scientific innovation and hard work.
Co-founders Marco Ferrara, Mateo Jaramillo, Yet-Ming Chiang, William Woodford, and Ted Wiley headquartered the company in Somerville, Massachusetts in 2017.
About
Energy, Environmental Engineering, Energy Storage, Renewable Energy, Battery
2017
251-500
Headquarters locations
United States, North America
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Profile Resume
Form Energy headquartered in United States, North America, operates in the Energy, Environmental Engineering, Energy Storage, Renewable Energy, Battery sector. The company focuses on Energy and has secured $193.2B in funding across 200 round(s). With a team of 251-500 employees, Form Energy is actively contributing to advancements in Energy. Their latest funding round, Grant - Form Energy, raised $30.0M. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
11
1
0
$965.8M
Details
6
Form Energy has raised a total of $965.8M in funding over 6 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2020 | Late Stage Venture | 76.0M | ||
2021 | Late Stage Venture | 240.0M | ||
2022 | Late Stage Venture | 450.0M | ||
2022 | Early Stage Venture |
Investors
Form Energy is funded by 83 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
Form Energy | - | FUNDING ROUND - Form Energy | 12.0M |
NYSERDA | - | FUNDING ROUND - NYSERDA | 12.0M |
Form Energy | - | FUNDING ROUND - Form Energy | 30.0M |
California Energy Commission | - | FUNDING ROUND - California Energy Commission | 30.0M |
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