Global Infrastructure SherpaGoogle and Xcel Energy partner for iron-air battery deployment in Minnesota
300 MW
Capacity
Google and Xcel Energy have reached a definitive agreement to deploy a 300 MW / 30 GWh iron-air battery system in Pine Island, Minnesota, utilizing technology from Form Energy. The project is a cornerstone of the new 'Clean Energy Accelerator' agreement, a regulatory framework that allows Google to cover the costs of the deployment directly.
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Counterparts (2)
Developer
Google
Google is active as both an offtaker and buyer, securing 7 verified deals, including nearly 1.2 GW of carbon-free energy via PPAs with Clearway. The company's clean energy investments span solar in Malaysia, offshore wind in Germany, and battery storage in the USA, with a strategic partnership in fusion energy. Google also partners in data center development, indicating a focus on powering its infrastructure with clean energy sources.
Xcel Energy
Xcel Energy is a major U.S. utility company focused on providing electricity and natural gas services. They are increasingly focused on renewable energy development and grid modernization to achieve their clean energy goals.
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Google and Xcel Energy's partnership to deploy a 300 MW / 30 GWh iron-air battery system in Minnesota represents a significant step towards long-duration energy storage solutions. This project, utilizing Form Energy's technology, is facilitated by a 'Clean Energy Accelerator' agreement, where Google directly covers deployment costs. This innovative financing model could pave the way for wider adoption of emerging energy storage technologies. The project aims to address the intermittency challenges associated with renewable energy sources, contributing to a more reliable and decarbonized grid.
- Large-scale deployment: 300 MW / 30 GWh capacity positions it as a significant energy storage project.
- Innovative financing: Google's direct funding through the 'Clean Energy Accelerator' model.
- Strategic partnership: Collaboration between a major energy provider (Xcel Energy) and a technology giant (Google).
- Long-duration storage: Iron-air battery technology addresses the need for extended energy storage capabilities.
Timeline
Announced
Feb 24, 2026
Signed
Closed
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