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Energy Unplugged by Aurora
EP.204 Mateo Jaramillo, Co-founder & CEO, Form Energy
Jul 30, 2024
Mateo Jaramillo, co-founder and CEO of Form Energy, previously oversaw Tesla's stationary energy storage program. He dives into the world of iron-air batteries and their potential to revolutionize long-duration energy storage. The conversation highlights the unique benefits of iron and air compared to lithium-ion batteries, and explores the challenges of scaling clean tech manufacturing. Jaramillo also discusses market dynamics and the critical need for diverse energy solutions to achieve a carbon-free grid.
46:12
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Quick takeaways
- Form Energy's innovative iron-air battery technology addresses the need for long-duration energy storage, enhancing grid reliability at a lower cost.
- The current market frameworks must evolve to adequately value long-duration storage solutions like Form Energy's to ensure proper compensation and integration.
Deep dives
Form Energy's Unique Long-Duration Storage Solution
Form Energy is pioneering long-duration energy storage through its innovative iron-air battery technology. This technology addresses a critical gap in the energy storage market, specifically the need for solutions that can provide energy over multiple days, which traditional lithium-ion batteries cannot efficiently accomplish. The iron-air battery operates by rusting and unrusting iron through a reversible chemical process, making it an economically viable option due to the abundance of iron and air as active materials. In contrast to lithium-ion batteries, which are costly and more suited for short-term applications, Form Energy's product enables low-capital expenditures for grid applications, thus enhancing the grid's reliability at lower costs.
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