ENERGY STORAGE

Form Energy awarded $30m grant by California Energy Commission

December 18, 2023

The California Energy Commission (CEC) has awarded Form Energy a $30 million grant to support the deployment of a 5MW / 500MWh multi-day energy storage system in California.

Form Energy will build the project at the site of a Pacific Gas and Electric Company (PG&E) electric substation in Mendocino County. The project will be used to “demonstrate the effectiveness of multi-day energy storage to help California meet its renewable energy and zero carbon resource goals, while ensuring electric reliability and affordability,” a statement said.

Expected to come online by 2025, this will be Form Energy’s first project in California and the first multi-day energy storage project in the state, Form Energy said.

The CEC is supporting this project through its Long Duration Energy Storage (LDES) programme, a fund dedicated to accelerating the implementation of non-lithium technologies offering 8 hours plus of energy storage. Form Energy will use the grant funds to develop and operate the project, and PG&E will provide land and an interconnection point at the substation site.

Mateo Jaramillo, CEO and co-founder of Form Energy, said: “We are excited to be building our first project in California, a place that holds special significance to many Form Energy employees as their home state, and as my home state, too. Long duration, and specifically multi-day, energy storage technologies have significant potential to help California meet its decarbonisation, affordability, and reliability goals.”

David Hochschild, chair of the California Energy Commission, said: “Long-duration and multi-day energy storage are critical to achieving California’s clean energy goals. Just like the state has done through its pioneering policies and investments to rapidly scale project deployment and jobs in the solar, lithium-ion battery storage, and other industries, California is continuing to accelerate the path to market for emerging technologies that are critically needed to address climate change, air pollution, and equity in our state and globally.”