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Form Energy
AddedFeb 13, 2024
UpdatedJun 24, 2026
Form Energy

Form Energy

Series C

Form Energy, Inc., a Massachusetts-based company, innovates low-cost renewable energy storage solutions to reduce carbon levels.

HQ
Somerville, MA, US
Founded
2017
Overview
Compare
Fundraising
Employees
News
Website

Form Energy, Inc., founded in 2017 by Mateo Jaramillo, is a Massachusetts-based company focused on developing innovative, low-cost renewable energy storage solutions. The company's core mission is to enable a reliable and fully-renewable electric grid year-round by replacing fossil baseload generation with renewable energy. Form Energy's flagship product is a rechargeable iron-air battery designed to store electricity for 100 hours at competitive costs, making it a pivotal technology for multi-day energy storage.

Notable figures associated with Form Energy include co-founder Mateo Jaramillo, who previously led battery development at Tesla. The company has attracted significant investment from prominent venture capital firms and strategic partners. Key achievements include the successful development and commercialization of their iron-air battery, which has the potential to transform the energy storage market and significantly reduce carbon emissions. Form Energy's impact lies in its contribution to creating a sustainable and reliable energy infrastructure, positioning itself as a leader in the renewable energy sector.

Form Energy - Quick Facts

When was Form Energy founded?

Form Energy was founded in 2017.

Where is Form Energy's headquarters located?

Form Energy's headquarters is located in Somerville, MA, US.

When was Form Energy's last funding round?

Form Energy's most recent funding round was for $30M (USD) in December 2023.

How much has Form Energy raised to-date?

As of Dec 13, 2023, Form Energy has raised a total of $965.8M (USD).

How many employees does Form Energy have?

Form Energy has 645 employees as of Feb 5, 2024.

Form Energy - Classification

Industry
  • Hardware
Ownership
  • Equity
  • Venture Capital
Technology
  • Battery
  • Renewable Energy
Geographic Exposure
  • United States
Revenue
  • Recurring
Customer
  • Enterprise
  • Government
Main Product
  • Energy Storage
Tags
  • Cleantech
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221100Electric Power Generation, Transmission and Distribution
SIC
  • 4900Electric, Gas, And Sanitary Services
  • 4910Electric Services
  • 4911Electric Services
Show 6 more industry codes
NAICS
  • 221110Electric Power Generation
  • 221114Solar Electric Power Generation
  • 221115Wind Electric Power Generation
SIC
  • 1300Oil And Gas Extraction
  • 1380Oil And Gas Field Services
  • 1382Oil And Gas Field Exploration Services