West Virginia Governor Mr Jim Justice held a signing ceremony at the former Weirton Steel mill for House Bill 2882, which appropriates USD 105 million to the West Virginia Economic Development Project Fund to be used for Form Energy’s new battery manufacturing facility.Governor Mr Justice announced in December 2022 that Form Energy will partner with the State of West Virginia to build its first iron-air battery manufacturing facility on 55 acres of property in the northern panhandle of West Virginia, along the Ohio River, in the city of Weirton. The new battery manufacturing plant is expected to create a minimum of 750 new full-time jobs and will represent a total investment of up to USD 760 million, including USD 290 million from the State. Most grid-scale battery technologies on the market can only provide, at most, four to six hours of energy storage at full rated power. While this is adequate for some circumstances, recent severe weather events – ranging from heat waves to cold snaps to thousand-year rains – have hampered the electric grid. To reach energy independence, meet supply chain challenges, and run the grid reliably and affordably, there is a need for new, transformative domestically-manufactured energy storage technologies capable of cost-effectively storing electricity for multiple days. With more than 400 employees, Form Energy is an American energy storage technology and manufacturing company that is developing and commercializing an iron-air battery capable of cost-competitively storing electricity for 100 hours.
West Virginia Governor Mr Jim Justice held a signing ceremony at the former Weirton Steel mill for House Bill 2882, which appropriates USD 105 million to the West Virginia Economic Development Project Fund to be used for Form Energy’s new battery manufacturing facility.Governor Mr Justice announced in December 2022 that Form Energy will partner with the State of West Virginia to build its first iron-air battery manufacturing facility on 55 acres of property in the northern panhandle of West Virginia, along the Ohio River, in the city of Weirton. The new battery manufacturing plant is expected to create a minimum of 750 new full-time jobs and will represent a total investment of up to USD 760 million, including USD 290 million from the State. Most grid-scale battery technologies on the market can only provide, at most, four to six hours of energy storage at full rated power. While this is adequate for some circumstances, recent severe weather events – ranging from heat waves to cold snaps to thousand-year rains – have hampered the electric grid. To reach energy independence, meet supply chain challenges, and run the grid reliably and affordably, there is a need for new, transformative domestically-manufactured energy storage technologies capable of cost-effectively storing electricity for multiple days. With more than 400 employees, Form Energy is an American energy storage technology and manufacturing company that is developing and commercializing an iron-air battery capable of cost-competitively storing electricity for 100 hours.
