The Northern Minor: Billionaire-backed iron-air battery firm to start building factory within weeks
31 Jan 2023
News
Bill Gates, Jeff Bezos and Richard Branson are among investors who’ve raised US$800 million for a company developing a low-cost iron alternative for power grid storage which plans to begin construction of its first manufacturing plant within a month.
As the green wave of electrification gathers momentum, industry analysts expect the global energy storage market to double in size to almost US$400 billion by 2030. Boston-based Form Energy, which has an iron-air battery nearly ready for production, says the market will soon be much larger, around US$1 trillion annually.
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Click here to view the original article from the Minneapolis/St. Paul Business Journal.
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Click here to view the original article from the Minneapolis/St.Paul Business Journal.
