In Brief

Posted:

1:40 PM PDT · March 24, 2026

Image Credits: Form Energy

Data center developer Crusoe is ramping up its energy storage capacity with battery buys from Form Energy and Redwood Energy.

The company said it will buy 12 gigawatt-hours of Form Energy’s 100-hour batteries. It’s the second large sale made by Form, which last month said it would build a 30 gigawatt-hour battery for Google in Minnesota. That deal was worth about $1 billion , according to The Information .

Form, which didn’t disclose the value of the sale, will start delivering Crusoe’s batteries in 2027.

Crusoe’s 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.

Form’s iron-air batteries discharge when oxygen from the air flows over iron pebbles inside the battery.…