The Sherpa Signal · 2026-08-14 FIRST MOVE

$750M Storage financing in United States

Form Energy raises $750 million in Series G financing round

Form Energy raises $750 million in Series G financing round

GE Vernova InvestorForm Energy DeveloperCoatue InvestorBreakthrough Energy Ventures InvestorFranklin Templeton InvestorT. Rowe Price InvestorGigascale Capital InvestorTPG Rise Climate InvestorM&G Catalyst Fund InvestorBlindspot Ventures InvestorEnergy Impact Partners InvestorJanus Henderson InvestorDustin Moskovitz and Cari Tuna InvestorCapricorn’s Technology Impact Funds InvestorPrelude Ventures InvestorEngine Ventures InvestorSequoia Capital InvestorPEAK6 Investments InvestorNGP Investor

Deal value

$750M

Country

United States

Announced

2026-08-13

Parties

• GE Vernova (Investor)
• Form Energy (Developer)
• Coatue (Investor)
• Breakthrough Energy Ventures (Investor)
• Franklin Templeton (Investor)
• T. Rowe Price (Investor)
• Gigascale Capital (Investor)
• TPG Rise Climate (Investor)
• M&G Catalyst Fund (Investor)
• Blindspot Ventures (Investor)
• Energy Impact Partners (Investor)
• Janus Henderson (Investor)
• Dustin Moskovitz and Cari Tuna (Investor)
• Capricorn’s Technology Impact Funds (Investor)
• Prelude Ventures (Investor)
• Engine Ventures (Investor)
• Sequoia Capital (Investor)
• PEAK6 Investments (Investor)
• NGP (Investor)

Recent signals

• 2026-09-28 RARE PAIRING — 8 GW Offshore Wind Lighting Contract: Rare EPC Pairing
• 2026-09-26 HEAVYWEIGHT CLUSTER — TotalEnergies Expands Renewables Footprint
• 2026-09-25 MARQUEE DEAL — $25B Data Center acquisition in Australia
• 2026-09-24 FIRST MOVE — 99.2 MW Onshore Wind ppa in Romania
• 2026-09-23 MARQUEE DEAL — EUR 13B Data Center partnership in Finland
• 2026-09-22 HEAVYWEIGHT CLUSTER — 400 MW Storage investment in Netherlands

The Sherpa Signal highlights one notable infrastructure transaction each day, drawn from the deals we track. Editorial commentary for information only — not investment advice. · Global Infrastructure Sherpa