Form Energy logo — Energy Storage for a Better World

Form Energy

Energy Storage for a Better World

Founded 2017 United States Somerville, United States 847 employees Series G Total: $1.91B Energy, Renewable Energy +1

General Information

Company Name Form Energy
Founded Year 2017
Location United States Somerville, United States
Employees 847
Industries Energy, Renewable Energy, Energy Storage
Funding Stage Series G
Business Model B2B, B2G, SaaS
Revenue Model Product Sales, Subscription, Service Fee

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About Form Energy

Form Energy, founded in 2017, is spearheading breakthroughs in the energy industry with its innovative multi-day energy storage solutions, aimed at maintaining a clean and reliable electric grid. Headquartered in the United States, the company operates across several strategic locations, including West Virginia, Pennsylvania, Massachusetts, and California.

With a strong emphasis on renewable energy and cost-effective storage technology, Form Energy is well-positioned within the growing Energy, Renewable Energy, and Energy Storage sectors. Notably, the company's ambitious mission is succinctly captured in its slogan, "Energy Storage for a Better World."

Recently, Form Energy secured a significant $50.00M Series F investment round as of 01 December 2024, led by Trinity Capital. This substantial financial backing emphasizes investor confidence in their potential to revolutionize energy technology and contribute to the global shift towards sustainable power solutions.

Taxonomy: Energy Storage, Multi-day Storage Technology, Grid Reliability, Clean Energy, Battery Technology, Wind Energy, Solar Energy, Electric Grid Transformation, Long Duration Energy Storage, Scientific Innovation, Dispatchable Energy, Transmission Capacity, Thermal Generation Replacement, MIT Invention

Services & Products

Energy Storage Solutions
Battery Manufacturing
Grid Modeling and Software Development

Target Customers

Electric Grid Operators Renewable Energy Providers Data Center Operations Investors in Clean Technology

Funding Rounds & Investors (11)

View All
Funding Stage Amount Investors Lead Investors Date
Series G 750.00M 18
Coatue, Prelude Ventures +16
13 Aug 2026
Series F $50.00M 1
Trinity Capital
01 Dec 2024
Grant $147.00M 1
US Department of Energy
01 Aug 2024
Grant $30.00M 1
California Energy Commission
01 Dec 2023
Grant $12.00M 1
NYSERDA
01 Aug 2023
Grant $105.00M 1
United States Government
01 Feb 2023
Series E $450.00M 13
CPP Investments, VamosVentures +11
01 Oct 2022
Series D $240.00M 13
Coatue, Prelude Ventures +11
01 Jul 2021
Series C $76.00M 9
Coatue, Prelude Ventures +7
01 Nov 2020
Series B $40.00M 5
Prelude Ventures, The Engine +3
01 Aug 2019

View All 11 Funding Rounds

Form Energy Alternatives & Competitors

View All Alternatives
Form Energy vs
Fourth Power
Fourth Power United States

Energy Storage that Grows with the Grid

Series A
35 employees
Energy, Renewable Energy
Form Energy vs
Ore Energy
Ore Energy The Netherlands

Turning iron, water and air into the missing piece of the world’s energy transition.

Series A
47 employees
Climate Tech, Energy
Form Energy vs
Flonium
Flonium United States

Energy storage and renewable energy solutions

1 employees
Energy, Renewable Energy

FAQ About Form Energy

Energy Storage for a Better World
Form Energy was founded in 2017.
Form Energy is headquartered in Somerville, United States.
Form Energy operates in Energy, Renewable Energy and Energy Storage. Its work centres on Energy Storage, Multi-day Storage Technology, Grid Reliability and Clean Energy. Its customers include Electric Grid Operators, Renewable Energy Providers and Data Center Operations.
Form Energy has a B2B, B2G and SaaS business model. Its revenue comes from Product Sales, Subscription and Service Fee.
Form Energy has approximately 847 employees.
Form Energy has completed 11 funding rounds, raising a total of $1.91B. The latest funding stage is Series G.
Form Energy offers: Energy Storage Solutions, Battery Manufacturing, Grid Modeling and Software Development.
Top alternatives and competitors to Form Energy include Fourth Power, Ore Energy, Flonium, RFC Power, VoltStorage. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Form Energy and Fourth Power are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Form Energy, https://bouncewatch.com/company/form-energy, updated 13 August 2026. When citing, please name BounceWatch and link this page.

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