Form Energy to build $760 million iron-air battery manufacturing facility in West Virginia

Dec. 28, 2022
According to Governor Jim Justice, the $760 million project is expected to generate 750 new jobs.

Form Energy plans to build an iron-air battery manufacturing plant in West Virginia. Mateo Jaramillo, Co-founder and CEO of Form Energy, claims that the company compared 500 potential sites across 16 states before settling on Weirton. These iron-air batteries are said to store electricity for 100 hours at system costs on par with traditional power plants. According to Governor Jim Justice, the $760 million project is expected to generate 750 new jobs.

In a recent quote, Governor Jim Justice said, "We structured a unique financial incentive package worth up to $290 million in asset-based, performance financing to support their decision to locate in Weirton. The funds put toward this project are guaranteed, secured, and collateralized through ownership of all land and buildings by the state. The West Virginia Economic Development Authority allocated $75 million toward the purchase of land and the construction of buildings in Weirton this morning. I plan on working with the West Virginia Legislature and our federal partners to obtain an additional $215 million needed to finalize our agreement. Resiliency and reliability of power resources for America will be produced in West Virginia, once again, allowing Weirton to be a national leader of this growing industry."

Sponsored Recommendations

Arc Flash Prevention: What You Need to Know

March 28, 2024
Download to learn: how an arc flash forms and common causes, safety recommendations to help prevent arc flash exposure (including the use of lockout tagout and energy isolating...

Reduce engineering time by 50%

March 28, 2024
Learn how smart value chain applications are made possible by moving from manually-intensive CAD-based drafting packages to modern CAE software.

Filter Monitoring with Rittal's Blue e Air Conditioner

March 28, 2024
Steve Sullivan, Training Supervisor for Rittal North America, provides an overview of the filter monitoring capabilities of the Blue e line of industrial air conditioners.

Limitations of MERV Ratings for Dust Collector Filters

Feb. 23, 2024
It can be complicated and confusing to select the safest and most efficient dust collector filters for your facility. For the HVAC industry, MERV ratings are king. But MERV ratings...