Battery Maker to Build $760 Million Assembly Plant in West Virginia
WEIRTON, WV—Form Energy Inc., a start-up dedicated to developing long-lasting batteries for electric utilities, will build its first assembly plant here. The factory is expected to create at least 750 jobs and will represent a total investment of up to $760 million.
The electric grid faces a challenge: how to manage the day-to-day variability of renewable energy sources without sacrificing reliability or cost. Form Energy’s new iron-air battery technology promises to solve that problem. It can store electricity for 100 hours at costs competitive with legacy power plants. The company’s multi-day battery could help the nation’s electric system run reliably on 100 percent low-cost renewable energy every day of the year.