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53 - Iron air storage with David Hill (Director of Business Development @ Form Energy)

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The Role of Capex in the Iron Air Battery

The most important lever for us was capex, how we could continually bring that down. We are already seeing spreads that make this battery look like sort of an investable proposition. So absolutely, 40% is a round of efficiency that we see in loads of different markets around the world. If we get to our target cost price, we'll be deployed in large gigawatts and scale. And I think I always come back to this point of view like this, even you just look at the UK right? This is a global issue where a sheer scale of investment that is needed across our entire space.

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