Jul 24, 2021
Multi-day iron-air batteries reach commercialization… at one tenth of the cost of lithium
Posted by Dan Kummer in categories: chemistry, energy, sustainability
Boston startup Form Energy has secured $200 million Series D funding for the development of what is being called a breakthrough in energy storage. #solarenergy #solarpv #solar
Solar and wind power have variability in their productive hours, as multi-day weather events can impact output. Therefore, multi-day storage that is cost effective is important in grid reliability.
Boston startup Form Energy developed technology to address this need, revealing recently the chemistry behind their iron-air batteries. The company said its iron-air batteries can deliver renewables-sourced electricity for 100 hours at system costs competitive with conventional power plants. At full-scale production, Form Energy said the modules would deliver electricity at tenth the cost of lithium-ion batteries.