Form Energy has developed an innovative iron-air battery capable of providing 100 hours of energy storage, surpassing Tesla’s Megapack 3 specifically in terms of duration. The company has secured a 300-megawatt deal with Xcel Energy and Google for a Minnesota data center, contingent upon approval from the Minnesota Public Utilities Commission. This iron-air technology relies on iron pellets that rust to generate energy and can be recharged by applying electricity. To support mass production, Form Energy is establishing a factory in West Virginia, backed by significant funding.
In 2026, solar and battery storage are projected to account for 79% of the 86 GW of new utility-scale capacity planned in the United States. This growth highlights the urgency for enhanced grid infrastructure to accommodate the increasing share of renewable energy.
In Bolivia, the government has enacted Supreme Decree 5549, which establishes a framework for medium-scale renewable energy projects (ranging from 1 MW to 6 MW), simplifying connection procedures and creating a remuneration scheme for energy fed into the grid. This initiative aims to foster growth in the renewable energy sector, starting with private sector participation. Additionally, Neoen’s Goyder wind and solar project in South Australia has received federal approval for its initial phases, targeting over 2.6 GW of combined generation capacity while addressing critical environmental concerns related to climate change and public health.
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Places mentioned in this update: Australia, Bolivia, Massachusetts, Minnesota, Netherlands, South Australia, West Virginia, the United States