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Form Energy

Form Energy

Form Energy is a Somerville, Massachusetts-based company developing low-cost, long-duration energy storage systems.

Form Energy is an energy company that is developing a new class of multi-day energy storage systems that will bring about a reliable and fully-renewable electric grid all year-round. It is committed to delivering analytical tools and data insights that are needed to plan and manage complex high-renewable grids.

Timeline

November 2020
Form Energy raises a $70,000,000 series C round from Blindspot Ventures, Breakthrough Energy Ventures, Capricorn Investment Group, Energy Impact Partners, Macquarie Capital, Prelude Ventures, Temasek Holdings and The Engine.
August 24, 2019
Form Energy raises a $40,000,000 series B round from Eni Next.
August 2019
Form Energy raises a $40,000,000 series B round from Breakthrough Energy Ventures, Capricorn Investment Group, Eni Next, Eni Next LLC, Macquarie Capital, Prelude Ventures and The Engine.
June 2018
Form Energy raises a $9,000,000 series A round from Blindspot Ventures and The Engine.
July 18, 2017
Form Energy was founded by Marco Ferrara, Mateo Jaramillo, Ted Wiley, William Woodford and Yet-Ming Chiang.

Funding rounds

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Benji Jones
December 17, 2020
Business Insider
We asked 15 leading venture funds and incubators which climate-tech startups are set to pop in 2021. These six came up again and again.
Benji Jones
December 14, 2020
Business Insider
Top climate-tech firms, from Khosla Ventures to Kleiner Perkins spinout fund G2VP, share which startups are set to soar in the year ahead.
The Economist
October 29, 2020
The Economist
Can they both make money and protect the planet?
Jonathan Shieber
May 8, 2020
TechCrunch
Form Energy, which is developing what it calls ultra-low-cost, long-duration energy storage for the grid, has signed a contract with the Minnesota-based Great River Energy to develop a 1 megawatt, 150 megawatt hour pilot project. The second-largest electric utility in the U.S., Great River Energy's installation in Cambridge, Minn. will be the first commercial deployment [...]
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