Form Energy has already raised over $300 million to launch an innovative project.
The American company Form Energy has launched a pilot project to create a new network battery. This is reported by New Atlas.
It is noted that up to 100 kilowatt-hours will be stored in iron-air batteries. And the operation of the devices will cost ten times cheaper than the operation of lithium batteries.
Form Energy will use iron-air batteries instead of lithium, which do not require large costs due to affordable and common materials.
Iron-air batteries will work by reversing the corrosion process.
“Iron combines with oxygen, releasing energy in a discharge cycle, and then, when the energy is applied to the formed rust, it turns back into iron and releases its oxygen. This technology has not been used for many decades due to hydrolysis, which reduces the battery efficiency by half until this problem was solved in 2012, ” the company noted.
At the start of the project, Form Energy has already raised over $300 million.
Recall that last year in Ankara, Turkey, the country’s first plant for the production of solar panels was opened.