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Iron Vs Carbon: Funds Surge For Makers Of Batteries That Store Power For Days
Form Energy, which makes iron-based batteries to hold electricity for days, said it raised $750 million to expand production. That follows a $550 million raise by rival Antora Energy to accelerate production of its thermal batteries made from carbon blocks that also hold power for at least 100 hours. Unsurprisingly, data center power demand underpins the investment spike. Form, which began shipping its iron-air batteries this year built at its Weirton, West Virginia, plant, said the latest round, led by T. Rowe Price, boosts its total funding to $2 billion. The company didn’t immediately…
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