"Federal Incentives Drive Growth of West Virginia Battery Plant"

US Energy Secretary Jennifer Granholm attended the groundbreaking ceremony for Form Energy's $760 million industrial battery plant in Weirton, West Virginia, which is expected to create 750 jobs. The project is financed by millions of dollars of private investments and public dollars through the Inflation Reduction Act, which provides tax credits for clean energy factories built on former industrial sites and battery storage projects. Form Energy's iron-air battery technology operates through a "reversible rusting" process and is backed by investors like Bill Gates, Jeff Bezos, and Richard Branson. Granholm praised the project as consistent with President Biden's goal to deploy clean energy solutions across the country.