Powering the next century of growth
Form Energy raised a $750M Series G led by T. Rowe Price to scale 100-hour iron-air batteries. The company now holds an 80 GWh backlog, anchored by Google's 30 GWh Minnesota project and an AI data center deal with Crusoe.
The US interconnection queue holds 2.6 TW of proposed projects, twice the existing fleet, with five-year waits. Pearl Street's SUGAR, GridUnity and a $30M DOE push are automating the studies and consolidating the field into a software market.
Critical minerals refiner Nth Cycle merges with Kensington Capital to list on the NYSE as NTH in a $585 million SPAC deal. Why the refining chokepoint is the real story, and where the risk sits.
Nine years after founding, Antora's carbon-block 'giant toaster' is delivering 5 GWh of industrial heat at a South Dakota ethanol plant and a $550M Series C to build a second factory. Why long-duration storage now speaks in steam, not electrons.
$14.6m. Four firms put money behind Sora Fuel this April, and the startup's pilot is now due within 24 months. The bet: a single cell that captures CO2 and converts it to syngas, bypassing the most expensive step in direct air capture.
Big tech has committed more than 9.8 GW to small modular reactors for AI data centers. NuScale holds the only NRC certification, X-energy pulled a billion-dollar IPO, and Antares closed $470 million. Here is how to weigh the developers, fuel suppliers and rate-base players this cycle.
Nvidia's 33-page BESS self-qualification spec turns grid-interactive battery storage into a documented, testable layer of the AI factory power stack, backed by a Siemens reference design.
Reliance lifted its battery gigafactory target to 120 GWh and anchored the hydrogen side with a $3 billion Samsung C&T ammonia offtake. The bet lives or dies on one gate: 40 GWh going live in the second half of 2026.