Iron Vs Carbon: Funds Surge For Makers Of Batteries That Store Power For Days

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  "company": {
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    "url": "https://www.forbes.com/sites/alanohnsman/2026/08/12/iron-vs-carbon-funds-surge-for-makers-of-batteries-that-store-power-for-days/",
    "title": "Iron Vs Carbon: Funds Surge For Makers Of Batteries That Store Power For Days",
    "author": "Alan Ohnsman, Forbes Staff",
    "excerpt": "By Alan Ohnsman , Senior Editor. Form Energy, which makes iron-based batteries to hold electricity for days, said it raised $750 million to expand production. That follows a $550 million raise by rival Antora, which snagged the same amount to accelerate production of its thermal batteries made from carbon blocks that also hold power for at least 100 hours. Unsurprisingly, data center power demand underpins the investment spike. Form, which began shipping its iron-air batteries this year built at its Weirton, West Virginia, plant, said the latest round, led by T. Rowe Price, boosts its total funding to $2 billion. The company didn’t immediately provide a valuation figure with the latest funds, though Pitchbook estimates the deal values the Somerville, Massachusetts-based company at $4.3 billion. Sunnyvale, California-based Antora has raised $1 billion so far and is seeking a second assembly facility beyond its current factory in Silicon Valley. Both companies are focused on making batteries out of cheap, domestically available materials that can store power at much lower cost than shorter-term lithium-based battery chemistries, and that also have little to no risk of catching on fire. The technology is also ideal when paired with large-scale solar or wind farms, ensuring a steady supply of cheap, carbon-free energy. “Solar is the cheapest form of energy in history, but the...",
    "summary": "Form Energy, a manufacturer of iron-based batteries, raised $750 million in a funding round led by T. Rowe Price to expand production.",
    "location": "Somerville, Massachusetts, USA",
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    "published_at": "2026-08-12T18:17:16Z",
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