Battery startup Form Energy said on Wednesday that it has raised $750 million to expand its manufacturing capacity in West Virginia, the latest sign that the AI data center building boom is fueling investment in energy storage.
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The Series D values the company at a $13 billion post-money valuation. Base Power is installing about 100 batteries per day, according to The Wall Street Journal report, and it hopes to double that by the end of the year
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Heron Power, founded by former Tesla executive Drew Baglino, announced on Wednesday that it has raised $140 million to build gigawatts’ worth of solid-state transformers
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