Google paid startup Form Energy $1B for its massive 100-hour battery

Google has made a significant investment in the energy sector by acquiring startup Form Energy for $1 billion. This deal is expected to facilitate Form Energy in raising a new funding round, potentially setting the stage for an initial public offering (IPO) next year. Form Energy is known for its innovative 100-hour battery technology, which aims to provide long-duration energy storage solutions. The investment aligns with Google's broader strategy to enhance its renewable energy initiatives and support sustainable technologies. As the demand for efficient energy storage continues to grow, this acquisition could play a crucial role in shaping the future of energy management.

• Google acquired Form Energy for $1 billion.
• Form Energy specializes in long-duration energy storage.
• The deal may lead to a new funding round for Form Energy.
• An IPO for Form Energy could be on the horizon next year.
• This investment supports Google's renewable energy initiatives.