Grid-scale energy storage developer Form Energy has closed a series B round led by Eni Next that will fund a prototype of its lithium-sulphur battery.
Eni Next, the corporate venturing arm of energy supplier Eni, has led a $40m series B round for Form Energy, a US-based energy storage technology spinout of Massachusetts Institute of Technology (MIT).
The round included MIT’s affiliate venture fund, The Engine, in addition to Breakthrough Energy Ventures, Capricorn Investment Group, Prelude Ventures and Macquarie Capital.
Founded in 2017 as Baseload Renewables, Form Energy is developing lithium-sulphur batteries that can be used to store energy from wind and solar energy sources…
