Form Energy, the US-based long‑duration storage start-up, has entered into a major capacity agreement with data centre developer Crusoe to supply 12GWh of multi‑day energy storage from 2027 onwards.
The announcement was made during CERAWeek 2026 in Houston, Texas, often described as the world’s energy hub.
The deal gives Crusoe guaranteed access to Form Energy’s iron‑air battery systems, including reserved production volumes, pricing and delivery schedules, as the company expands its AI‑focused infrastructure. Form’s iron-air batteries can store and discharge electricity for up to 100 hours, according to the company.
Bring Your Own Capacity (BYOC) model underpins the agreement. This approach develops and secures power alongside compute, enabling faster deployment of AI data centres while reducing dependence on constrained grid capacity. The structure supports utility growth, protects consumers from rising costs and enhances grid resilience. It also aligns with the Administration’s call to “build, bring, or buy” power, signalling a shift toward energy‑first AI development.
All batteries will be produced at Form Energy’s Form Factory 1 in Weirton, West Virginia, reinforcing domestic manufacturing and supporting US jobs. Together, the companies aim to accelerate access to firm power, scale American innovation and strengthen the country’s position in the emerging AI‑energy landscape.
The company expects its first energy-storage pilot system to come online this year in Minnesota and has over 75 gigawatt-hours of commercial projects under agreement.
“Powering the AI economy requires reliable, scalable, and cost-effective energy solutions,” said Mateo Jaramillo, Co-founder and CEO of Form Energy.
Cully Cavness, Co-founder, President and Chief Strategy Officer at Crusoe, added: “The future of AI depends on access to abundant, reliable power delivered at speed.”
Form Energy now has more than 75GWh of commercial projects under agreement, including several of the world’s largest announced battery deployments, underscoring the growing role of multi‑day storage in meeting rising electricity demand.
Image: The Form Energy iron-air battery system en route to its first pilot site for commercial demonstration. Credit: Form Energy.
