Energy storage startups Form Energy and Antora raise $1.3B for long-duration batteries

Form Energy and Antora, two companies developing long-duration energy storage solutions, have recently secured significant funding to scale their production. Form Energy, which utilizes iron-based batteries, raised $750 million, while its competitor Antora, focused on thermal batteries made from carbon, raised $550 million. Both companies aim to provide cost-effective energy storage using abundant materials, addressing the intermittency of renewable energy sources like solar and wind, and meeting the growing demand from data centers. AI

IMPACT Accelerates the deployment of grid-scale energy storage, crucial for integrating intermittent renewables and powering energy-intensive AI workloads.

RANK_REASON Significant funding rounds for two key players in the long-duration energy storage sector. [lever_c_demoted from significant: ic=1 ai=0.7]

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• Antora
• Crusoe
• Form Energy
• Future Energy Ireland
• G2 Ventures
• Justin Briggs
• Mateo Jaramillo
• Poet
• T. Rowe Price
• Xcel Energy

• funding
• infra

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