Form Energy raises $750M to build more 100-hour batteries for the grid

The startup currently has a backlog of commercial projects worth about 80 gigawatt-hours of energy storage, the Wall Street Journal reported, up fourfold from earlier this year.

The Series G round was led by T. Rowe Price with participation from Sequoia Capital, Janus Henderson, Franklin Templeton, PEAK6 Investments, Prelude Ventures, Engine Ventures, TPG Rise Climate, Capricorn’s Technology Impact Funds, Breakthrough Energy Ventures, Dustin Moskovitz and Cari Tuna, Gigascale Capital, Coatue, Energy Impact Partners, NGP, GE Vernova, Blindspot Ventures, and M&G Catalyst Fund.