Form Energy will supply a 300-megawatt battery system for Xcel Energy's Google data center project in Minnesota, the world's largest by capacity.
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The deal paves the way for Form Energy to raise a new funding round before potentially going public next year.
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The system is intended to support a data center without driving up electricity costs for existing homes and businesses.
Form Energy's iron-air batteries will store wind and solar power to keep the data center running 24/7.
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