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Form Energy

Form Energy

Private
Somerville, MassachusettsEnergy & Sustainabilityhttps://www.formenergy.com

Last Round

Grant

Sep 20, 2024

Est. Valuation

$2.86B

Total Funding Raised

$1.16B

Company Overview

Form Energy is an energy storage company that provides innovative, cost-effective multi-day energy storage systems, including an iron-air battery, to support a reliable and fully renewable electric grid year-round.

Sector

Energy & Sustainability

Verticals

Energy Storage, Renewable Energy, Smart Grid, Advanced Materials

Business Model

B2B

Customer Profile

Hardware Sales, Services & Consulting, Government Contracts, Hardware + Subscription

AI Layer

Application

Keywords

iron-air batterylong-duration energy storagemulti-day energy storagegrid-scale battery100-hour batterybattery energy storage systemBESSrenewable energy storageLDESutility-scale storagelithium-ion alternativegrid reliabilityAI data center powerbattery manufacturinggrid modeling softwarefront-of-the-meter

Historical Pricing

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Caplight Momentum Score

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Form Energy Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Form Energy Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
GrantSep 20, 2024
GrantAug 6, 2024
GrantDec 13, 2023
GrantAug 17, 2023
Series EOct 4, 2022
Series D
Aug 24, 2021

Key People

Founding team and executive leadership

Ted Wiley

Co-Founder President COO

Founding Team

William Woodford

Co-Founder And CTO

Founding Team

Mateo Jaramillo

CEO Co-founder

Founding Team

Form Energy Investors

Notable investors and investment history

InvestorRounds
Blindspot VenturesSeries E, Grant
CPP InvestmentsSeries E
Capricorn Investment GroupSeries D, Series E, Series C, Series B
TemasekSeries D, Series E, Series C, Grant
The EngineSeries D, Series E, Series C, Series B, Grant, Series A, Seed
Engine VenturesSeries E, Series B, Seed
NGP Energy Technology PartnersSeries E

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 9, 2026

    Utilizes iba AG software for manufacturing control systems.

  • Apr 9, 2026

    Utilizes Keyence vision and scanner systems in manufacturing.

Form Energy Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Form Energy Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Form Energy's valuation, stock price, and market status.

Firmographic Details

HeadquartersSomerville, Massachusetts
Employee Range818
Year Founded2009
Last FundingSep 20, 2024

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