Somerville, MA – According to filings with the U.S. Securities and Exchange Commission, Form Energy is raising $450,000,000.00 in new funding. 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 developing a new class of cost-effective, multi-day energy storage systems that will enable a reliable and fully-renewable electric grid year-round. Our pioneering battery technology will entirely reshape the global electric system and give it new form. To run the grid reliably and affordably, we need new cost-effective technologies capable of storing electricity for multiple days. Our first commercial product is an iron-air battery capable of storing electricity for 100 hours at system costs competitive with legacy power plants. Driven by Forms core values of humanity, excellence, and creativity, our team is deeply motivated and inspired to create a better world. We are supported by leading investors who share a common belief that low-cost, multi-day energy storage is a key enabler of a reliable, secure, fully-renewable electric grid.

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

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

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