Form Energy

“Form is on track to achieve a total installed cost. We're not talking about the cost of the materials here, but a total installed cost for a approximately a hundred hour battery system, which is basically a four day battery system that is in the ballpark of a …”

“We did not invent the chemistry, it's been around for some time, but it's never been commercialized.”

“Right now, there aren't enough hours that have a long enough spread where it makes sense to have a hundred hour bar doing that. It does make sense for a four hour or two hour battery or even a one hour battery, frankly in ERCOT.”

“Form Energy, which is really the only sizable company that is building a 100 hour battery, or as they call it, a multi-day storage asset.”

“One quick point of reference, you know, lithium ion active materials. So you pull the active materials out of the ground, you put them on the table, it's maybe 30, 35 dollars a kilowatt hour, unprocessed, right? Not turned into a cell at all. For us, it's less…”

“It's trending that we would double this, we would need a grid, which is twice the size that it is today, by about 20, 45, twenty-fifty, roughly, given the growth rates.”

“All the modeling that we did confirmed by third priority modeling is that a hundred hours and 20 dollars per kilowatt hour is sort of the magic combination. And if you can hit 20 dollars per kilowatt hour, the system will pay for a hundred hours of duration.”

“The reason why that number of hours, you know, four days roughly becomes relevant is because that's where a lot of the material weather events sort of sit in terms of duration.”

“We, we're doing a project with them. It's slated to be about 15 megawatts, so on a power basis, not, not so large, but about 1500 megawatt hours.”

“What we find in the modeling is that there's a lot of value for sort of up to 10 or 12 hours, let's say. There is less value. I'm not going to put a specific number, but there's, there is less value that we see very markedly in the system until you get back up…”

“To make renewables truly capacity, you generally need multiple types of storage. You need some storage that's gonna, you know, do your daily peak shaving type of thing, your four-hour lithium ion, you know, workhorse of the grid type of thing. But then increas…”