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Construction|Energy|Financial|Manufacturing|PROJECT|Systems|Manufacturing
Construction|Energy|Financial|Manufacturing|PROJECT|Systems|Manufacturing
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Form Factory 1 battery manufacturing facility, US

Image of groundbreaking at the Form Factory 1

Photo by Form Energy

18th August 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Form Factory 1 battery manufacturing facility.

Location
Weirton, West Virginia, in the US.

Project Owner/s
Form Energy, and the state of West Virginia.

Project Description
The project entails the construction Form Energy’s first high-volume manufacturing facility in the US, which will have a production capacity of 500 MW/y of batteries when in full operation.

Potential Job Creation
The manufacturing facility will employ at least 750 people when operating at full capacity.

Capital Expenditure
The facility represents a total direct investment of up to $760-million, with a financial incentive package from the state of West Virginia worth an estimated $290-million in asset-based, performance financing.

Planned Start/End Date
The project broke ground in May 2023.

Form Energy will begin manufacturing and assembling its iron-air battery systems at the Weirton factory for broad commercialisation in mid- to late 2024.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Form Energy, email info@formenergy.com.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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