The new technology could revolutionize the industry.
, Form Energy has said its iron-air technology will be able to "store electricity for 100 hours at system costs competitive with legacy power plants. The company's pioneering multi-day battery will reshape the electric system to reliably run on 100% low-cost renewable energy, every day of the year."that Form Energy has already picked a site for its first factory. It will be located in Weirton, West Virginia, and construction will begin in 2023.
Speaking during Thursday's announcement of the new factory, Mateo Jaramillo, Form Energy's CEO and co-founder, called Weirton "a historic steel community that sits on a river and has the rich heritage and know-how to make great things out of iron." He further said that "to reach renewable energy independence, to meet supply-chain challenges, to run the grid reliably and affordably, we need new, domestically manufactured energy-storage technologies capable of cost-effectively storing electricity for multiple days."The initial storage battery is currently far too big and heavy for use in vehicles. That may not always be the case, however, as researchers work to decrease its size and increase its applications.
That is still a long time away and, for now, lithium-ion batteries are thriving. Snow Lake Lithium has
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