Form Energy Series E — iron-air long-duration energy storage (100-hour duration battery)
Form Energy $450M Series E led by TPG Rise Climate + Rise Fund. New investors: GIC, CPP Investments. Technology: iron-air 100-hour duration LDES. Funds Weirton WV factory + commercial deployments. Existing investors: ArcelorMittal, Breakthrough Energy Ventures, Coatue, Energy Impact Partners, Temasek, NGP ETP, Capricorn, MIT The Engine.
$450M
Deal Value
Battery Storage
Technology
MA
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- Form Energy
- Buyer / Financier
- TPG Rise Climate (lead), The Rise Fund, GIC, CPP Investments + existing investors (ArcelorMittal, Breakthrough Energy Ventures, Coatue, Energy Impact Partners, Temasek, NGP ETP, Capricorn, Prelude, MIT The Engine)
- Deal Value
- $450M
- Stage
- Growth
- ISO/RTO
- ISO-NE
- Source
- Form Energy
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