Form Energy raises US$450 million for 100-hour iron-air ‘rust’ battery technology

URLhttps://www.energy-storage.news/form-energy-raises
SourceEnergy Storag
Date Published10/05/2022
Author NameAndy Colthorpe
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Form Energy
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2022
Capital investment ($):800
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshorednovel battery technology based on iron and air
What non-domestic negative factors made offshoring less attractive?Green considerations, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Eco-system synergies, Manufacturing/engineering joint innovation (R&D)
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