Project Traits
State: West Virginia
Congressional District: WV02
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Energy Storage,
Energy Subsector: ,
Project Start Year: Unknown
Project Launch Year: Unknown
Government Support Received: Federal Tax Credit [Manufacturing Production Tax Credit (45X)] for Unknown Amount
Outcomes & Impacts
Private Investment: Unknown
Jobs Announced or Created: 750
People Served: Unknown
Projected Economic Impact: Unknown
Factory 1 is the manufacturing hub for Form’s long-duration iron air energy storage systems. These storage systems are designed to store and discharge electricity for 100 hours, long enough to cover the typical outage after a hurricane, wildfire, or other extreme weather event.
Form Factory 1, which is situated at the historic site of the former Weirton Steel mill represents an investment of nearly $800 million in private venture capital in public and private capital.
The 550,000-square-foot factory currently employs 300 people with family-sustaining manufacturing jobs. By 2028, Factory 1 is set to nearly double in size, supporting more than 750 employees.