Cleaner Tech
Crusoe Buys Batteries That Last for Days to Power New Data Centers
The deal with Form Energy reflects growing interest in a niche technology that can help provide power when prices are high or when the grid is under stress.
A Form iron-air battery undergoing testing.
Photographer: Poppy Lynch/BloombergForm Energy Inc. has reached an agreement to sell batteries that rely on rust and last for days to data center developer Crusoe, as technology companies rush to find resources to meet the growing power needs of artificial intelligence.
The battery startup will deliver 12 gigawatt-hours of energy storage to Crusoe starting next year. The terms of the transaction were not disclosed. Form also recently struck a deal to provide a 30 gigawatt-hour battery installation to utility Xcel Energy Inc. to power a Google data center in Minnesota.