Form Energy, a Boston-based company that specializes in renewable energy storage systems and technologies, has lifted the curtain on a truly revolutionary iron-air battery system that is designed to be able to store ample amounts of energy at a fraction of the cost of existing systems.
What's great about Form Energy's iron-air battery is that it uses widely available materials, which explains why the company claims that it can be used for a cost that works out less than 1/10th that of a conventional lithium-ion battery farm.
The batteries work by blending oxygen with metallic iron to release energy that is combined with rust before being converted back into metallic iron and dispersing its oxygen. This process makes it possible for the iron-air battery solution to be used in conjunction with lithium batteries, whilst also allowing for recycling of source materials.
While the world is increasingly moving toward renewable energy, the fact of the matter is that there is currently a dearth of systems that are capable of storing and distributing renewable energy at a low cost in an efficient manner. By addressing this massive gap in the market, Form Energy's iron-air batteries could represent a significant leap forward.
Revolutionary Iron-Air Batteries
These Batteries Can Efficiently Store & Release Renewable Energy
Trend Themes
1. Iron-air Battery Systems - Form Energy's iron-air battery system provides renewable energy storage at a low cost using widely available materials, creating disruptive innovation opportunities for the energy storage industry.
2. Low-cost Renewable Energy Storage - The iron-air battery system developed by Form Energy offers low-cost renewable energy storage, creating disruptive innovation opportunities for the renewable energy industry.
3. Efficient Energy Storage Solutions - Form Energy's iron-air battery system provides efficient renewable energy storage solutions at a fraction of the cost of existing systems, creating disruptive innovation opportunities for the energy storage industry.
Industry Implications
1. Renewable Energy Industry - Form Energy's iron-air battery system presents disruptive innovation opportunities for the renewable energy industry by offering a low-cost solution for renewable energy storage.
2. Energy Storage Industry - The iron-air battery system developed by Form Energy provides disruptive innovation opportunities for the energy storage industry by offering an energy-efficient solution at a lower cost.
3. Clean Energy Industry - Form Energy's iron-air battery system offers disruptive innovation opportunities for the clean energy industry by providing a sustainable renewable energy storage solution at a fraction of the cost of existing systems.