Business

Long battery life Kickstarter Model $450 million in Energy


A startup develops air iron batteries that can store renewable energy for several days is raising $450 million from backers including the steelmaker ArcelorMittal SA and TPG

Form Energy Inc. plans to use the funds to build its first major manufacturing facility and start selling to customers. The private funding round more than doubled the total equity that Form has raised in its five-year history, company officials said.

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