Iron Vs Carbon: Funds Surge For Makers Of Batteries That Store Power For Days
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3 Articles
Iron Vs Carbon: Funds Surge For Makers Of Batteries That Store Power For Days
Form Energy raised $750 million to boost output of iron-based batteries that hold power for over 100 hours, on the heels of Antora raising $550 million for thermal batteries made from carbon
Funds Surge For Makers Of Batteries That Store Power For Days
Form Energy, which makes iron-based batteries to hold electricity for days, said it raised $750 million to expand production. That follows a $550 million raise by rival Antora, which snagged the same amount to accelerate production of its thermal batteries made from carbon blocks that also hold power for at least 100 hours. Unsurprisingly, data center power demand underpins the investment spike. Form, which began shipping its iron-air batteries …
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