Form Energy raises $750 million in Series G financing round
Type: Financing · Technology: Storage · Country: United States · Value: $750M · Announced: 2026-08-13
Form Energy secured $750 million in a Series G financing round led by T. Rowe Price. The round includes participation from existing investors such as Prelude Ventures, Engine Ventures, TPG Rise Climate, Capricorn’s Technology Impact Funds, Breakthrough Energy Ventures, Dustin Moskovitz and Cari Tuna, Gigascale Capital, Coatue, Energy Impact Partners, NGP, GE Vernova, Blindspot Ventures, and M&G Catalyst Fund. New investors Sequoia Capital, Janus Henderson, Franklin Templeton, and PEAK6 Investments also joined the round. The capital will be used to accelerate manufacturing scale‑up in Weirton, West Virginia and to advance commercial deployments of Form Energy’s 100‑hour iron‑air battery systems for grid storage. The financing underscores growing investor interest in multi‑day storage solutions that enable higher renewable penetration across the United States electric grid. No advisors or legal counsel were disclosed in the announcement.
Counterparties
- Capricorn’s Technology Impact Funds (Investor)
- T. Rowe Price (Investor)
- NGP (Investor)
- Blindspot Ventures (Investor)
- TPG Rise Climate (Investor)
- PEAK6 Investments (Investor)
- Franklin Templeton (Investor)
- M&G Catalyst Fund (Investor)
- Janus Henderson (Investor)
- Coatue (Investor)
- Form Energy (Developer)
- Energy Impact Partners (Investor)
- Engine Ventures (Investor)
- Dustin Moskovitz and Cari Tuna (Investor)
- Gigascale Capital (Investor)
- GE Vernova (Investor)
- Breakthrough Energy Ventures (Investor)
- Prelude Ventures (Investor)
- Sequoia Capital (Investor)
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