January 4, 2023

Form Energy Takes Innovation to West Virginia

Startup Form Energy picked the West Virginia Town Weirton from among 500 possible locations to manufacture its forthcoming long-duration energy-storage technology. The novel iron-air battery is designed to store clean energy, affordably, for 100 hours, far more than the four or six hours of storage that lithium-ion batteries provide today.

The factory complex will create 750 jobs and invest $760 million in the community, a figure that includes $290 million of planned incentives from the state of West Virginia. The state Economic Development Authority greenlit $75 million to purchase 55 acres and build the facility; the state will retain ownership of land and buildings as a form of collateral for its other incentive contributions.

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