In a major clean energy push, Google has committed about $1,000,000,000 to secure a long-duration battery system from startup Form Energy for its upcoming data centre in Minnesota. The facility will run on a combination of wind, solar and a large-scale iron-air battery designed to discharge power continuously for days.
The battery system can deliver 300 megawatts of electricity for up to 100 hours. It operates by using oxygen to rust iron, a process that releases electrons and generates power. This technology will help stabilize electricity generated from 1.4 gigawatts of wind energy and 200 megawatts of solar power, ensuring a steady supply to the data centre.
Form Energy has been developing this iron-air battery technology for several years and has built a manufacturing plant in West Virginia to produce the systems. Until this agreement, the company had not secured a major customer for its large-scale battery solution. The deal with Google marks a significant milestone for the startup.
Following the order, CEO Mateo Jaramillo said the company is in the process of raising a $500,000,000 funding round. According to data from a financial research firm, Form Energy has raised $1,400,000,000 so far. The company is also planning to go public next year, positioning itself as a key player in long-duration energy storage.
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