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Form Energy
Form Energy is an American energy-storage company building iron-air batteries that store electricity for 100 hours - multiple days - at roughly one-tenth the cost of lithium-ion. Founded in 2017 by a group of storage veterans, the company uses 'reversible rusting' of cheap, abundant iron to let renewable grids stay reliable through long stretches of low wind and sun. Its first high-volume factory, Form Factory 1, sits on the site of the former Weirton Steel mill in West Virginia, and its batteries are now being deployed with utilities including Great River Energy, Xcel Energy, Georgia Power and Dominion Energy.
Mateo Jaramillo
Mateo Jaramillo is the co-founder and CEO of Form Energy, a Somerville, Massachusetts company building 100-hour iron-air batteries that store electricity by rusting and un-rusting iron. After more than seven years at Tesla, where he started and ran the stationary storage business behind the Powerwall and Powerpack, he co-founded Form in 2017 on a contrarian bet: skip lithium, find a chemistry cheap enough to store power for days instead of hours. The company has raised over $1.3 billion, revived an abandoned West Virginia steel mill as its first factory, and signed a roughly $1 billion deal with Google for the world's largest battery system.