Thursday, February 22, 2024

Form Energy to deploy 100-hour iron-air battery system in Georgia

Form Energy, an American grid-scale energy storage developer, announced it is moving ahead under an agreement with Georgia Power to deploy a 15 megawatt /1500 megawatt-hour iron-air battery system in Georgia. The battery system is expected to come online as early as 2026 and is subject to regulatory approvals.

The long-duration or multi-day storage project is part of Georgia Power’s plan to integrate additional cost-effective clean energy into its system while maintaining grid reliability and resiliency.

“As we continue to build Georgia’s clean energy future, battery storage systems play a vital role in how we will continue to serve our customers with clean, reliable energy for decades to come. That’s why partnerships with innovators like Form Energy are so important to our long-term strategy,” said Kim Greene, Georgia Power Chairman, President, and CEO.

“Our customers, including many business and commercial accounts, are increasingly interested in the use of new technologies such as multi-day energy storage to help grow renewable energy and enhance reliability, especially as they relocate or grow their operations in Georgia. Form Energy’s technology is cutting edge, and we’re excited to continue to work with them to serve our customers.”

Form Energy is backed by the Bill Gates-led investment fund Breakthrough Energy Ventures. The company says its first announced commercial product is a rechargeable iron-air battery capable of delivering electricity for 100 hours system costs are competitive with conventional power plants and at less than 1/10th the cost of lithium-ion.

This front-of-the-meter battery is made from iron, one of Earth’s safest, cheapest, and most abundant minerals. It can be used continuously over a multi-day period, enabling a reliable and secure grid year-round.

Form Energy and Georgia Power continue to collaborate to fully evaluate and demonstrate that the 100-hour iron-air battery technology will strengthen Georgia’s electric grid against normal day-to-day, week-to-week, and season-to-season weather variability and extreme weather events. This analysis includes modeling by Georgia Power and input from Formware, Form Energy’s next-generation investment and operational modeling tool for power grids.