ArcelorMittal Invests in Energy Storage

ArcelorMittal is investing in energy storage. The Luxembourg-based global steel manufacturer announced on Oct. 4 a $17.5 million dollar investment in Form Energy Inc.

ArcelorMittal Founded in 2017, Form Energy is a Somerville, Mass.-based company with employees in the San Francisco Bay area and Pittsburgh. The manufacturer is developing an iron-air battery that will be able to store electricity for 100 hours at costs commensurate with established power plants, and to eventually reform the global electric system to run on 100% low-cost renewable energy.

Becca Moczygemba

Becca Moczygemba is a reporter and editor for Steel Market Update. She has been in the steel industry since 2017, specializing in flat-rolled products. Prior to joining SMU, she held positions at Mitsui & Co. and Kloeckner Metals. Becca has a BA in Organizational/Corporate Communication from the University of Houston and an MBA from Norwich University. Contact Becca at becca@steelmarketupdate.com or 724-720-1000.

Becca Moczygemba

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