What is the Cambridge energy storage project?

Note: On Thursday, August 15, Great River Energy and Form Energy announced that they broke ground on the Cambridge Energy Storage Project, a 1.5 MW / 150 MWh pilot project in Cambridge, Minnesota. The project marks the first commercial deployment of Form Energy’s iron-air battery technology.

Will form energy break ground on a multi-day storage project?

“We are excited to break ground on this project with Form Energy,” said Cole Funseth, Great River Energy Manger of Generation Engineering. “We hope this pilot project will help us lead the way towards multi-day storage and potential expansion in the future.”

How long can a form energy multi-day energy storage solution last?

The Form Energy multi-day energy storage solution is designed to store energy for up to 100 hours, far surpassing the capabilities of traditional lithium-ion batteries.

What is energy storage?

Energy storage encompasses an array of technologies that enable energy produced at one time, such as during daylight or windy hours, to be stored for later use. LPO can finance commercially ready projects across storage technologies, including flywheels, mechanical technologies, electrochemical technologies, thermal storage, and chemical storage.

What is form energy?

Form Energy is an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems. Form Energy’s first announced commercial product is a rechargeable iron-air battery capable of delivering electricity for 100 hours at system costs competitive with conventional power plants.

What is New York state's energy storage plan?

New York State aims to reach 1,500 MW of energy storage by 2025 and 6,000 MW by 2030. Energy storage is essential for creating a cleaner, more efficient, and resilient electric grid. Additionally, these projects will provide meaningful benefits to Disadvantaged Communities and Low-to-Moderate Income New Yorkers.