Form Energy Stock $24.18

Forge Price BeaconForge Price 1 updated October 25, 2024

formenergy.comEnergy / Energy StorageFounded: 2017Funding to Date: $1.25B

Form Energy is a US-based energy storage technology and manufacturing business. They are developing an iron-air battery capable of storing 100 hours of electricity using renewable energy. Form Energy, formerly known as Baseload Renewables, was founded by Mateo Jaramillo, Theodore Wiley, William Woodford, Dr. Marco Ferrara, and Dr. Yet-Ming Chiang in 2017 and is headquartered in Somerville, MA.

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Private Market Pricing DetailsValuation & Financings

Form Energy Stock Price

3M
6M
1Y
MAX
Forge Price 1
Date
10/25/2024
Price per Share
$24.18
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

Form Energy Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
10/09/2024 Series F $405MM $xx.xx $3.42B T. Rowe Price Associates, GE Vernova, TPG Rise Climate, Breakthrough Energy Ventures, Capricorn Investment Group, Coatue, Energy Impact Partners, Engine Ventures, NGP Energy Technology Partners, Temasek, GIC, Prelude Ventures, Claure Group, Gigascale Capital, Blindspot Ventures, VamosVentures
Price per Share
$xx.xx
Shares Outstanding
16,746,679
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
T. Rowe Price Associates, GE Vernova, TPG Rise Climate, Breakthrough Energy Ventures, Capricorn Investment Group, Coatue, Energy Impact Partners, Engine Ventures, NGP Energy Technology Partners, Temasek, GIC, Prelude Ventures, Claure Group, Gigascale Capital, Blindspot Ventures, VamosVentures
10/04/2022 Series E $455MM $xx.xx $1.84B GIC, Canada Pension Plan Investment Board, ArcelorMittal, Breakthrough Energy Ventures, Capricorn Investment Group, Coatue, Energy Impact Partners, The Engine, NGP Energy Technology Partners, Temasek, Prelude Ventures, VamosVentures
Price per Share
$xx.xx
Shares Outstanding
24,761,078
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GIC, Canada Pension Plan Investment Board, ArcelorMittal, Breakthrough Energy Ventures, Capricorn Investment Group, Coatue, Energy Impact Partners, The Engine, NGP Energy Technology Partners, Temasek, Prelude Ventures, VamosVentures
08/25/2021 Series D $252.5MM $xx.xx $1.28B ArcelorMittal
Price per Share
$xx.xx
Shares Outstanding
13,948,877
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
ArcelorMittal
11/13/2020 Series C $82.9MM $xx.xx $338.71MM Coatue, Eni Next, Energy Impact Partners, NGP Energy Technology Partners, Prelude Ventures, Breakthrough Energy Ventures, Temasek, Capricorn Investment Group, Macquarie Asset Management
Price per Share
$xx.xx
Shares Outstanding
13,086,639
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Coatue, Eni Next, Energy Impact Partners, NGP Energy Technology Partners, Prelude Ventures, Breakthrough Energy Ventures, Temasek, Capricorn Investment Group, Macquarie Asset Management
08/23/2019 Series B $40.17MM $xx.xx $111.81MM Eni Next, Capricorn Investment Group, Breakthrough Energy Ventures, Prelude Ventures, Engine Ventures, Macquarie Asset Management
Price per Share
$xx.xx
Shares Outstanding
12,972,516
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Eni Next, Capricorn Investment Group, Breakthrough Energy Ventures, Prelude Ventures, Engine Ventures, Macquarie Asset Management
06/18/2018 Series A $10.96MM $xx.xx $31.31MM Breakthrough Energy Ventures, Blindspot Ventures, Engine Ventures, Prelude Ventures
Price per Share
$xx.xx
Shares Outstanding
8,695,444
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Breakthrough Energy Ventures, Blindspot Ventures, Engine Ventures, Prelude Ventures

Form Energy investors also invested in these private companies

Eni Next
Tpg Rise Climate Fund
Ngp Energy Technology Partners
Gigascale Capital
Blindspot Ventures
GE Vernova
Macquarie Asset Management
Claure Group
Vamosventures
Engine Ventures

Leadership & Board

Leadership

William Woodford
Co-Founder & Chief Technology Officer
Theodore Wiley
Co-Founder, President, Chief Operating Officer & Board Member
Mateo Jaramillo
Co-Founder, Board Member & Chief Executive Officer
Charlotte Beard
Senior Vice President of Finance
Yet-Ming Chiang Ph.D
Co-Founder, Chief Science Officer & Board Member
Marco Ferrera Ph.D
Co-Founder, Senior Vice President Software & Analytics

Board

David Danielson Ph.D
Breakthrough Energy Ventures
Katie Rae
The Engine
Gabriel Kra
Prelude Ventures
Marc Mezvinsky
TPG
Philip Deutch JD
NGP Energy Technology Partners

Form Energy stock FAQs

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Can you buy Form Energy stock?

As Form Energy is not publicly traded, purchasing its stock is not available to everyone. To buy the stock of a private companies like Form Energy, you must be an accredited investor. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to buy private market stock. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
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How to buy Form Energy stock?

To invest in a private company like Form Energy through Forge, you must first qualify as an accredited investor. (Learn more about the accreditation process.)

  1. Create a free account to access Forge’s marketplace.
  2. Express your interest in specific investments. Within Forge Markets, you will find detailed pricing and financing information for thousands of private companies.
  3. Throughout this process, a dedicated Forge Private Market Specialist will be available to address any questions you may have and to guide you seamlessly through each step of the transaction.
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Can you sell Form Energy stock?

Yes, you may sell the Form Energy stock you currently own. Forge can help you facilitate the sale of your stock in a manner that aligns with your needs and the company’s interests. If you are looking for liquidity, register with us today to begin the process. A dedicated Forge Private Market Specialist will be available to address any questions you may have along the way.
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How to sell Form Energy stock?

If you hold private company shares of Form Energy – whether as an employee or an early investor – Forge can help you sell them.

  1. Create a free Forge account, this will give you access to Forge’s marketplace and to one of our experienced Private Market Specialist to answer any questions you might have.
  2. Indicate your interest to sell your Form Energy on our platform.
  3. Work with your dedicated Private Market Specialist who’ll help guide you through every step of the transaction.
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Is Form Energy a public company?

No, Form Energy is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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What is Form Energy’s stock price?

Form Energy is a private company, meaning it does’t have a publicly traded stock price. However, as of 10/25/2024 the Form Energy Forge Price is $24.18 per share. The Forge Price is a derived price calculated for private companies like Form Energy to provide insights into their current valuation. Learn more about Forge Price.
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What is Form Energy’s stock ticker symbol?

Form Energy does not have an official ticker symbol because this company is not currently publicly traded.
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Can institutional investors buy and sell private market stocks?

Yes. As one of the largest trading platform for the private market, Forge helps institutional investors seek liquidity as they buy and sell private stock for their portfolios or their clients. Our private market specialists have decades of experience working with institutional firms. Learn more or register today to get started.

Form Energy’s news and media highlights

From Energy, Weirton, WV-based technology company developing and commercializing a new class of multi-day energy storage systems, raised $405M in Series F funding. The round was led by T. Rowe Price with participation from GE Vernova, along with existing investors TPG Rise Climate, Breakthrough Energy Ventures (BEV), Capricorn’s Technology Impact Funds, Coatue, Energy Impact Partners (EIP), MIT’s The Engine Ventures, NGP, Temasek, GIC, Prelude Ventures, Claure Group, Gigascale Capital, Blindspot Ventures, and VamosVentures.
Form Energy received a $30 million grant from the California Energy Commission to construct their energy storage project. To be built in Mendocino County at a Pacific Gas and Electric Company substation, it is expected to be the biggest long-duration project in California and the state’s first to use iron-air technology, which has a lower cost than lithium-ion. Aiming to be operational in 2025, the 5 megawatt/500 megawatt-hour project will provide power to residents in the region.
Form Energy, a startup supported by influential figures such as Gates and Bezos, is poised to revolutionize the grid-level renewable energy storage landscape with its game-changing iron-air battery system. This cutting-edge technology promises extended-duration energy storage at a fraction of the cost of lithium batteries, paving the way for a more sustainable and economically viable approach to storing renewable energy.
Form Energy, a Massachusetts-based developer of long duration battery storage using iron, raised $450 million in Series E funding led by TPG Rise. Long duration storage — a battery that can last for days or even weeks, instead of hours — is key to decarbonizing the electric grid, because it supports inherently intermittent renewables like wind and solar. Particularly at utility scale. Other investors include GIC, CPP Investments, ArcelorMittal and Breakthrough Energy Ventures. The company previously raised over $350 million, including in mid-2021 at a $1.2 billion valuation.
Updated on: Oct 27, 2024

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