What is Form Energy?
Form Energy operates at the intersection of advanced materials science and grid-scale infrastructure. By developing proprietary iron-air battery systems, the company provides a cost-effective alternative to traditional lithium-ion solutions, specifically engineered for long-duration discharge. This technology is essential for modernizing electric grids, allowing utilities to store renewable energy for days rather than hours. As a leader in the energy-technology sector, Form Energy is currently transitioning from research and development into full-scale manufacturing, aiming to provide the reliable, affordable, and scalable storage necessary to support a decarbonized global economy.
How much funding has Form Energy raised?
Form Energy has raised a total of $2B across 8 funding rounds:
Unspecified
$11M
Series A
$9M
Series B
$40M
Series C
$70M
Series D
$240M
Series E
$450M
Series F
$405M
Series G
$750M
Unspecified (2018): $11M with participation from Prelude Ventures, BEV, and MIT’s Engine Fund
Series A (2018): $9M led by The Engine
Series B (2019): $40M supported by Breakthrough Energy Ventures, The Engine, Prelude Ventures, Eni Next LLC, Macquarie Capital, and Capricorn Investment Group
Series C (2020): $70M, investors not publicly disclosed
Series D (2021): $240M backed by Temasek, NGP Energy Technology Partners, Coatue, ArcelorMittal, and Perry Creek Capital
Series E (2022): $450M with participation from TPG, ArcelorMittal, CPP Investments, and GIC
Series F (2024): $405M led by TPG Rise Climate, T. Rowe Price, Breakthrough Energy Ventures, and GE Vernova Group
Series G (2026): $750M supported by Janus Henderson Investors, Ngp, Coatue, M&G, Capricorn Investment Group, Sequoia Capital, Blindspot Ventures, Prelude Ventures, Breakthrough Energy Ventures, Engine Ventures, GE Vernova Group, Peak6 Investments, Energy Impact Partners, Gigascale Capital, T. Rowe Price, TPG, and Franklin Templeton
Key Investors in Form Energy
Breakthrough Energy Ventures
A mission-driven investment firm backed by global business leaders, focused on funding companies that can significantly reduce emissions across electricity, manufacturing, and transportation sectors.
Engine Ventures
A venture firm specializing in Tough Tech, providing capital and operational expertise to founders solving complex, foundational problems through breakthrough scientific innovation.
Prelude Ventures
An investment firm dedicated to supporting early-stage startups with the potential to mitigate climate change through innovative solutions in energy, manufacturing, and carbon management.
What's next for Form Energy?
With the support of this major enterprise-level funding, Form Energy is poised to accelerate its manufacturing footprint and deployment capabilities across the United States. The strategic focus will likely shift toward optimizing supply chain resilience and scaling production to meet the growing demand from utility-scale projects. By leveraging its robust investor base, the company is set to solidify its market leadership, ensuring that its iron-air technology becomes a cornerstone of the future energy landscape, effectively bridging the gap between intermittent renewable generation and consistent, reliable power delivery.
See full Form Energy company page
