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Does form energy's iron-air battery technology work?

On Tuesday, Form Energy announced it closed a $240 million Series D funding round. Among the backers renewing is Breakthrough Energy Ventures, which includes celebrity investors like Bill Gates and Jeff Bezos. The company has not shared data or proof its iron-air battery technology works with the public.

When will a new iron air exchange battery be built?

The company will partner with Minnesota electric cooperative Great River Energy on a test project for the iron air exchange battery, with construction expected in 2023. Jaramillo said that other test projects are in the works but have not been announced.

Is the battery industry still a good investment?

Form’s CEO, Mateo Jaramillo, is also an industry veteran — he helped Tesla create its Powerwall stationary storage product. The $450 million round is yet another signal that the battery industry still represents an appealing opportunity for investors, despite some headwinds elsewhere in the economy.

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