Somerville, MA – According to filings with the U.S. Securities and Exchange Commission, Form Energy is raising $40 Million in a new round of investment. Sources indicate as part of senior management Chief Executive Officer, Mateo Jaramillo played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Form Energy

Form Energy is a small team of passionate people committed to helping the world transition to renewable energy with technology. We are developing a new class of ultra-low-cost, long-duration energy storage systems to make renewable energy available even when the sun sets, or the wind stops blowing. Form’s technology has the potential to transform the electric grid by making renewable energy dispatchable year-round. The company’s core technology was invented at MIT and is supported by category leading investors including Breakthrough Energy Ventures, MIT’s The Engine, and Prelude Ventures.

To learn more about Form Energy, visit http://www.formenergy.com/

Contact:
Mateo Jaramillo, Chief Executive Officer
844-367-6462
mateo@formenergy.com
https://www.linkedin.com/in/mateojaramillo/

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