Form Energy to establish $760M U.S. iron-air battery plant

Form Energy to establish $760M U.S. iron-air battery plant

The company says it expects its multi-day battery will reliably run on 100% low-cost renewable energy.

Form Energy will partner with the State of West Virginia to build its first iron-air battery manufacturing facility on 55 acres of property in the northern panhandle of West Virginia, along the Ohio River, in the city of Weirton. Form Energy expects to start construction of its Weirton factory in 2023 and begin manufacturing iron-air battery systems in 2024 for broad commercialization.

“Weirton is long overdue for some incredible news,” West Virginia Governor Jim Justice said. “At one point, Weirton was one of America’s most important steel towns—a national leader in steel production. Now, this historic city is looking toward the future, and it’s very bright with Form Energy opening its doors. We structured a unique financial incentive package worth up to $290 million in asset-based, performance financing to support their decision to locate in Weirton.”

The new battery manufacturing plant is expected to create a minimum of 750 new full-time jobs and will represent a total investment of up to $760 million.

Form Energy is an American energy storage technology and manufacturing company that is developing and commercializing an iron-air battery capable of storing electricity for 100 hours at system costs competitive with legacy power plants. The company says it expects its multi-day battery will reliably run on 100% low-cost renewable energy.

You May Also Like

asTech expands remote OEM solutions to include Tesla

asTech’s diagnostic devices now offer over 99% coverage for authentic remote OEM scans on Tesla vehicles.

Tesla-Model-Y-1400

asTech, a Repairify company involved in remote diagnostics, calibrations, programming and automotive intelligence for the collision and mechanical repair industries, announced an expansion of its remote OEM solutions to now include remote OEM scanning support for Tesla vehicles.

asTech said its diagnostic devices are now able to complete authentic remote OEM scans for virtually every Tesla vehicle (over 99% coverage). The company said this update continues to demonstrate the power and adaptability of asTech’s technology, as well as its dedication to ensuring customers are ready for the future of collision repair.

Cummins hydrogen-ICE engines to power concrete mixer trucks

The project aims to develop a full hydrogen eco-system together with a hydrogen producer, vehicle manufacturer and end user.

Cummins-Terex-Advance-Commander-FD5000-front-discharge-mixer-truck
Swedish researchers develop efficient metal recycling method

Chalmers University researchers used oxalic acid to recover 100% aluminum and 98% lithium from electric car batteries.

Chalmers Tech research
Ascend Elements, Koura partner on Li-Ion recycling project

The companies will collaborate on commercializing Hydro-to-Anode technology, providing a sustainable source of graphite.

Ascend_Elements_team_member-1400
CharIN, ACM collaborate on electric vehicle charging standards

The companies aim to tackle interoperability challenges and improve consumer charging experiences.

BorgWarner-Santroll-eMotor-Handshake

Other Posts

Toyota invests $8 billion to expand battery manufacturing

With this new investment, Toyota plans for 10 new BEV/PHEV battery lines by 2030.

Empact-EV-Charging-Toyota-Prius-Prime-PHEV-1400
Gogoro launches CrossOver smart-scooter ‘SUV’

Gogoro’s CrossOver and CrossOver S feature an all-terrain frame, water-cooled motor and Synchronized Braking System.

Exyte chosen for Volkswagen dry room construction

Exyte said dry room construction is crucial for precise battery cell production.

Exyte_Battery_Factory
Hyzon Motors appoints new chief financial officer

Stephen Weiland will be responsible for overseeing accounting, treasury, investor relations and IT.

Hyzon-Steve_Weiland