Climate Tech Has Arrived  -  Breakthrough Energy Summit 2024

Climate leaders from around the world convened at the Breakthrough Energy Summit in London to take stock of our climate progress and discuss the work they’re doing to address the most critical challenges of our time.

Over the three-day Summit, our network of scientists, entrepreneurs, technologists, philanthropists, policymakers, and industry leaders highlighted the transformational technologies at the forefront of the clean energy transition — and how BE is accelerating climate solutions at every stage of the innovation pipeline and across the Five Grand Challenges.

But now, we need to keep our momentum going into new frontiers
Read Breakthrough Energy Executive Director Rodi Guidero’s charge to investors

Achieving a net-zero future by 2050 will be the hardest thing humanity has ever done. But it is attainable if we act now, furthering the collaboration needed to achieve net zero. Together, with greater investment and smart policy, we’ll accelerate innovation to ensure a successful clean energy transition.

Energy is Prosperity

Meet the Innovators from the Summit

Form/Xcel | Sherco & Comanche

Company Description

Form Energy is a U.S. energy storage technology and manufacturing company that is developing and commercializing a pioneering iron-air battery capable of storing electricity for 100 hours at system costs competitive with legacy power plants. Form’s multi-day battery will reform the global electricity system to run on 100% low-cost renewable energy, every day of the year.

Xcel Energy provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices.

Together, Form Energy and Xcel Energy are developing two long duration energy storage assets to be deployed at two of Xcel Energy’s retiring coal plant sites. The storage technology will allow Xcel Energy to integrate more low-cost, renewable energy into its system and maintain reliability as it retires the coal plants in the coming years and transitions to a highly renewable future.

Company Details

Propelling grid decabornisation through innovative 100-hour iron-air batteries

Program

Catalyst

Capactiy

10 MW / 1,000 MWh Energy Storage

Target Start of Operations

2H 2025 & 2H 2026

Location

United States

Leadership

Robert Frenzel

CEO, Xcel Energy

Mateo Jaramillo

Co-founder and CEO, Form Energy

Website

co.my.xcelenergy.com/s/about

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Arculus Solutions Hydrogen Arculus Solutions is future-proofing current natural gas transmission pipelines to safely transport hydrogen Manufacturing Fellows Hydrogen View details
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Aspiring Materials Carbon Removal Aspiring Materials is tackling industrial CO2 emissions from two angles - what goes in and what comes out. And we’re using commonly found rocks to do it Manufacturing Fellows Carbon Removal View details

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