Large-scale batteries, like Australia's very own Tesla Hornsdale Power Reserve, provide invaluable access to flexible, dispatchable power. However, they are typically short-duration options.
A US-based company, Form Energy, believes it may have the world's first long-duration, grid-scale battery solution.
Backed with over $49 million in venture financing from investors including MIT’s The Engine investment vehicle; Eni Next, the corporate venture capital arm of the Italian energy firm Eni Spa, and the Bill Gates-backed sustainability focused investment firm, Breakthrough Energy Ventures, Form Energy has developed a new storage technology called an “aqueous air” battery system.