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Data center developer Crusoe is ramping up its energy storage capacity with battery buys from Form Energy and Redwood Energy.<\/p>\n
The company said it will buy 12 gigawatt-hours of Form Energy\u2019s 100-hour batteries. It\u2019s the second large sale made by Form, which last month said it would build a 30 gigawatt-hour battery<\/a> for Google in Minnesota. That deal was worth about $1 billion<\/a>, according to The Information<\/a>.\u00a0<\/p>\n Form, which didn\u2019t disclose the value of the sale, will start delivering Crusoe\u2019s batteries in 2027.<\/p>\n Crusoe\u2019s smaller purchase should still bring Form hundreds of millions in new revenue as the battery company embarks on a $500 million funding round. Form has raised $1.4 billion to date, according to PitchBook. Previously, Form had signed smaller contracts with utilities interested in testing the technology.<\/p>\n Form\u2019s iron-air batteries discharge when oxygen from the air flows over iron pebbles inside the battery. The oxidation process produces rust and electricity. To charge the battery, electricity essentially de-rusts the iron, releasing oxygen.<\/p>\n Form began expanding its first factory in West Virginia last year in anticipation of big contracts that are now materializing.<\/p>\n Crusoe also announced<\/a> that it\u2019s expanding a partnership with Redwood Materials<\/a>, the battery recycling and reuse company founded by ex-Tesla CTO J. B. Straubel. The data center company has been operating a 12 megawatt, 63 megawatt-hour battery on a microgrid since June, which was the largest second-life battery installation at the time. Redwood will deliver an additional 8 megawatts of power using repurposed EV batteries.<\/p>\n Techcrunch event<\/p>\n \n\t\t\t\t\t\t\t\t\tSan Francisco, CA<\/span>
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\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 13-15, 2026<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n