Form Energy CEO Mateo Jaramillo is developing batteries that use the iron-rusting process to store renewable energy
ateo Jaramillo, the co-founder of Form Energy, is taking an unconventional approach to storing renewable energy. Lithium-ion batteries are all the rage today—we use them in computers, cell phones, and electric vehicles , as well as to help bank energy from renewables like wind and solar when power is abundant and then supply them to the grid when the sun isn’t shining or the wind isn’t blowing.
Form’s batteries can only put out a little energy at a time, so they have to be big and heavy to get a decent amount of power out of them. That means that you could never run an EV with one—to put out the same amount of power as a lithium-ion battery, Form’s battery would have to be about 100 times heavier. But they store a lot of energy, meaning that you could keep pulling power out of them for hundreds of hours. And, just as importantly, they’re cheap.
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