Somerville, MA – According to filings with the U.S. Securities and Exchange Commission, Form Energy is raising $51,999,981.00 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 brand new class of ultra-low cost, long duration energy storage systems. With these new systems, renewables can be made fully firm and dispatchable year-round, and transmission capacity can be expanded without the need for new wires. If we are successful, the global electric system will be entirely reshaped, and given new form. We are here to build a successful business that enables a safe, affordable, reliable, 100% renewable grid by commercializing long-duration, system-level energy storage.

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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