While most batteries are lithium-ion, Form Energy has developed a battery made from inexpensive iron pellets. The batteries are long-lasting with the ability to run for 150 uninterrupted hours.
While Form Energy’s iron batteries are too heavy for electric vehicles, they have a crucial application in power grids. Cheap and long-lasting iron batteries could help propel power grids in the U.S. and abroad toward a totally renewable grid model.
Mateo Jaramillo, Yet-Ming Chiang, Ted Wiley, William Woodford, and Marco Ferrara founded the startup four years ago. Bezos and Gates back the company, which says a lot about the product’s potential.
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