Sign In or Create an Account.

By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy

Climate Tech

Form Energy CEO on the Potential for a 100-Hour Battery

Co-founder Mateo Jaramillo described how the startup’s iron-air battery could help address the data center boom — and the energy transition

Mateo Jaramillo, San Francisco, and a data center.
Heatmap Illustration/Getty Images

Well before the introduction of ChatGPT and Claude, Ireland underwent a data center construction boom similar to the one the U.S. is experiencing today.

That makes it a fitting location for Form Energy’s first project outside the U.S. Mateo Jaramillo, the CEO of the long-duration energy storage startup, described Ireland as “a postcard from the future” at Heatmap House, a day of conversations and roundtables with leading policymakers, executives, and investors at San Francisco Climate Week.

In a one-on-one interview with Robinson Meyer, Jaramillo went on to explain the potential of a 100-hour battery, calling it the duration at which you can “functionally replace thermal resources on the grid or compete with them.” Such storage capacity would not only bolster data centers’ power reliability but also speed up the transition from oil and gas to renewables.

Form Energy, which Jaramillo co-founded in 2017, is best known for its iron-air battery that can continuously discharge energy for 100 hours. In February, the startup announced a partnership with Google and the utility Xcel Energy to build the highest-capacity battery in the world, capable of storing 30 gigawatt-hours of energy, as Heatmap’s Katie Brigham reported.

Despite the troublesome state of renewables deployment in the U.S., energy storage firms like Form appear to be doing well, thanks to record load growth. “When we founded the company, we didn’t anticipate the boom of data center demand that we’re currently experiencing,” said Jaramillo. “But we did bet on the overall mega-trend being pretty firmly in place, which is electricity growth.”

In addition to load growth, battery manufacturers are still benefiting from the Inflation Reduction Act’s energy storage tax credits, which survived the deep cuts Republicans made to the signature climate law last summer. Jaramillo noted that customers can still claim a tax credit for purchasing energy systems, while a manufacturing protection credit also remains in place. “We absolutely qualify for both those things,” Jaramillo said. “In fact, 100 hours as a duration is written into the legislative text for the manufacturing [tax credit].”

Though batteries can help accelerate the retirement of natural gas plants by providing firm energy to supplement renewables’ generation, politicians’ fear of load growth seems to have forged a bipartisan consensus supporting batteries. For its part, Form Energy is focused on continuing to drive down the cost of its iron-air battery.

From “where we sit today,” Form Energy is “quite confident that we will hit that roughly $20 a kilowatt-hour cost within a very short period of time,” Jaramillo said.

Blue

You’re out of free articles.

Subscribe today to experience Heatmap’s expert analysis 
of climate change, clean energy, and sustainability.
To continue reading
Create a free account or sign in to unlock more free articles.
or
Please enter an email address
By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy
Carbon Removal

The Sorry State of Carbon Removal

A new scientific report on the state of the industry shows a growing gap between what we can do and what we need to do.

Carbon capture.
Heatmap Illustration/Getty Images

The gap between the world’s current capacity to remove carbon dioxide from the atmosphere and the amount we’ll need to remove to materially address climate change is so large, it's hard to fathom crossing it. Now, a new report warns that the chasm is widening.

The third State of Carbon Dioxide Removal report, published on Tuesday, finds that while carbon removal research and deployment has advanced significantly in the past two years, it is still not growing quickly enough to reach the scale required to support the Paris Agreement temperature limits. Carbon emissions, meanwhile, have continued to rise globally, raising the amount of carbon removal required in turn.

Keep reading...Show less
AM Briefing

China’s Nuclear Milestone

On Anthropic’s IPO, home energy rebates, and French rare earths

A nuclear power plant.
Heatmap Illustration/China National Nuclear Corporation

Current conditions: The most powerful storm to hit Western Australia in 49 years has deluged the capital of Perth • Temperatures in the Arizonan metropolis of Phoenix are climbing to 103 degrees Fahrenheit today, and will stay around that level all week • South Georgia Island, a British overseas territory near Antarctica in the Atlantic, is bracing for heavy snow.


THE TOP FIVE

1. Anthropic prepares to go public

Anthropic, the artificial intelligence giant behind the chatbot Claude, filed the first documents to the Securities and Exchange Commission to make its stock market debut. The company submitted a confidential S-1, meaning that — unlike the recent SpaceX filing — the details aren’t yet publicly available. By doing so, Anthropic has “the option to go public after the SEC completes its review,” the company wrote Monday in a blog post. The number of shares to be offered and the price “have not yet been set.” The IPO could have big energy implications. Unlike some hyperscalers, who have pushed back against the public blowback to data centers, Anthropic vowed three months ago to pay to offset electricity price hikes from its server farms, as I previously wrote. Coupled with the news yesterday morning that Iran had broken off negotiations with the U.S. to end the conflict blocking the Strait of Hormuz, Monday offered clear evidence of what Heatmap’s Robinson Meyer described as the electricity economy “having its moment.”

Keep reading...Show less
Blue
Podcast

Affordability Politics Took On New York’s Climate Law — and Won

Rob gets into the latest state-level policy developments with Heatmap’s own Emily Pontecorvo.

Kathy Hochul.
Heatmap Illustration/Getty Images

When New York passed its first major climate law in 2019, climate advocates hailed the work as a milestone: The Empire State vowed to cut its carbon emissions by 40% by 2030, as compared to their 1990 levels, giving it some of the world’s most ambitious subnational climate policy. But last week, Governor Kathy Hochul and the state legislature moved to rewrite key provisions in that law, weakening deadlines and redefining its emissions math.

What happened? And would New York have ever been able to hit its 2030 goal? On this episode of Shift Key, Rob is joined by Emily Pontecorvo, a founding staff writer at Heatmap. They discuss how New York has changed its targets, why it has altered its approach to natural gas, and whether state-level climate goals can survive an age of affordability politics.

Keep reading...Show less