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Renewables Round Up: long-duration storage gets funded at infrastructure scale
Form Energy closed a $750M Series G, the largest storage raise of the week and a signal that long-duration is now funded at infrastructure scale rather than venture scale.
Form Energy closed a $750M Series G, the largest storage raise of the week and a signal that long-duration is now funded at infrastructure scale rather than venture scale.
Frontier Power USA secured $263M for Texas BESS projects, and Avantus closed a $525M financing package for a California solar-plus-storage facility.
The EIA confirmed US utility-scale battery capacity has reached nearly 52GW, growing at 70% annually for three years, with a further 54GW planned through 2028.