ArcelorMittal led a series D round for the rechargeable battery developer spun out of MIT.

Form Energy, a US-based grid-scale battery developer spun out of Massachusetts Institute of Technology (MIT), secured $200m yesterday in a series D round led by $25m from steel manufacturer ArcelorMittal’s XCarb innovation fund. Founded in 2017 as Baseload Renewables, Form Energy develops low-cost battery systems that can store wind and solar energy from renewable energy…

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