The series G funding, led by T. Rowe Price, brings Form’s total equity raised to date to over $2 billion.
The funding comes as Form has taken a role as a leading growth company amidst the boom in demand for storage for AI data centers and the need for secure supply chains.
Form’s signed contracts include:
A 300 MW/30 GWh battery for an Xcel Energy-built data center for Google
12 gigawatt-hours to Crusoe, a company building AI data centers for Oracle and Meta Platforms among others.
Per TechCrunch, roughly 80% of Form’s materials come from the U.S., with the balance from Europe and Asia – and none coming from China.
The British company has deployed its VS3 and Endurium vanadium flow systems across the UK, Europe, USA, Canada, Australia and Southeast Asia, and has seen its cumulative volume of energy dispatched increase 85% year-on-year.
Notable deployments include The Viejas Resort and Casino in California, for which it delivered more than 0.5 GWh while consistently meeting or exceeding warranted performance parameters.
The company announced the milestone on the heels of its largest sale to date: a 43-MWh sale to Dairyland Power Cooperative in Wisconsin, U.S., reported earlier this month in Energy Storage News.
Aqueous Deep Dives
Volta: Why – and How – To Share Data Across the Materials Value Chain
Volta’s latest paper paves the way to unsticking the path from material development to battery commercialization. The key: Open communication, including extensive data sharing throughout the journey. Download on the Volta site: Defining Materials Qualification Pathways in the Battery Industry.
The LDES sector is on track to bring hundreds of megawatts online this year, up from 33 MW in 2025 – with a third of capacity expected to come from non-lithium-ion batteries.
That’s the latest from the energy storage leaderboard made by Currence, formerly known as Sightline Climate. Naturally, two rising giants on the listing are Form and Invinity. Latitude Media has the story.
At 250, the U.S. Needs Aqueous Storage
As the U.S. hits this milestone year, the country faces new urgency to secure energy independence, global AI leadership, and military dominance.
Fostering aqueous energy storage is critical to the country achieving all three.
Read why in the latest opinion piece from Octet CEO & Founder, Onas Bolton.
Volta Foundation’s Battery Forum features two tracks: Next-Gen Chemistry and Cost Reduction. August 26, 11:00 AM – 1:00 PM ET. Virtual Conference Details & Registration
Flow Batteries North America, the second annual flow battery-dedicated event in North America. October 19-22, Phoenix, Arizona. Details & Registration
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