Crusoe and Form Energy Ink 12 GWh Iron-Air Battery Deal for AI Infrastructure

Form Energy and Crusoe announced a strategic agreement today to deliver 12 gigawatt-hours (GWh) of multi-day energy storage systems to support the power requirements of AI data centers. The deal, unveiled in the world's energy capital, aims to address the intensifying power demands of the AI-energy nexus starting in 2027.

As AI data centers scale, securing reliable and continuous power has become a primary bottleneck for the industry. Crusoe, which describes itself as an "AI factory company," is utilizing this agreement to advance its Bring Your Own Capacity (BYOC) model. This strategy involves developing and securing power alongside compute resources to accelerate deployment and reduce the burden on existing, constrained grid capacity.

The partnership centers on Form Energy’s proprietary iron-air battery technology. Key features of the system include:

Duration: The batteries can cost-effectively store and discharge energy for up to 100 hours, providing a bridge for intermittent renewable energy sources.

Composition: The systems are made from abundant and safe materials, specifically low-cost iron, water, and air.

Resiliency: The multi-day storage is designed to ensure a secure and reliable electric grid even during prolonged periods of system stress.

The 12 GWh commitment follows a string of high-profile announcements for Crusoe during the March 2026 period:

Circular Economy: The company recently expanded its strategic partnership with Redwood Materials, scaling the collaboration by sevenfold to enhance sustainable supply chains for AI hardware.

Industry Recognition: Crusoe was named to Fast Company’s list of the Most Innovative Companies for 2026.

Form Energy’s CEO and co-founder, Mateo Jaramillo, noted that the agreement highlights the critical role of long-duration storage in enabling the next generation of domestic AI infrastructure. By securing reserved volume and pricing, Crusoe ensures it has the necessary components to scale its vertically integrated AI "factories" as demand for high-performance compute continues to rise.