Form Energy iron-air battery plant — Weirton, WV (first commercial facility for iron-air LDES)
Form Energy selects Weirton WV for first commercial iron-air battery manufacturing plant — $760M total ($290M state incentives). LDES (100-hour duration) batteries for utility-scale. Direct outcome of Series E ($450M, Oct 2022) and IRA. Hundreds of jobs.
$760M
Deal Value
Battery Storage
Technology
WV
Location
Deal Details
- Deal Type
- Manufacturing Investment
- Seller / Sponsor
- Form Energy
- Buyer / Financier
- Form Energy + WV state ($290M incentives)
- Deal Value
- $760M ($290M WV state incentives)
- Stage
- Construction
- ISO/RTO
- PJM
- Source
- Form Energy
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