Form Energy secures its first utility deal: to deploy 1MW/150 MWh energy storage technology
Form Energy, the Bill Gates backed startup which is working on creating a new class of batteries that would provide long-duration storage at ultra-low-cost has secured its first utility deal for novel super-long duration energy storage technology.
The Massachusetts-based startup signed a contract with Minnesota utility Great River Energy to jointly deploy a 1MW/150 MWh pilot project which will come up in Cambridge, Minnesota. Minnesota utility Great River Energy on May 7 confirmed that it will pilot Form's technology – an 'aqueous air' battery system. Form Energy's battery system is a significant leap as it delivers 1 MW of power for 150 hours — significantly huge over the Li-ion batteries currently in use at most grid-scale storage projects lasting for about two-to-four hours max.
"A true low-cost, long-duration energy storage solution that can sustain output for days, would fill gaps in wind and solar energy production that would otherwise require firing up a fossil-fueled power plant. A technology like that could make a reliable, affordable 100 percent renewable electricity system a real possibility," said Jesse Jenkins, an assistant professor at Princeton University who studies low-carbon energy systems engineering.