[{"data":1,"prerenderedAt":750},["ShallowReactive",2],{"ticker-data":3,"story-article/form-energy-announces-largest-capacity-energy-storage-system-to-date":540},[4,52,82,112,148,186,228,259,296,328,371,412,450,481,510],{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":8,"today":9,"last":10,"percentageChange":11,"yearToDate":12,"yearOnYear":13,"oneYearIndexTrend":14,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-27","2wk","Updated every 2 weeks","Lithium",411.01,408.51,0.61,75.85,175.57,[15,16,18,21,24,27,30,33,36,39,42,45],{"date":5,"value":9},{"date":17,"value":10},"2026-05-13",{"date":19,"value":20},"2026-04-29",372.51,{"date":22,"value":23},"2026-04-15",354.35,{"date":25,"value":26},"2026-04-01",346.55,{"date":28,"value":29},"2026-03-18",351.32,{"date":31,"value":32},"2026-03-04",346.6,{"date":34,"value":35},"2026-02-18",324,{"date":37,"value":38},"2026-02-04",337.67,{"date":40,"value":41},"2026-01-21",298.32,{"date":43,"value":44},"2026-01-07",233.73,{"date":46,"value":47},"2025-12-24",203.79,"/lithium/prices",null,false,true,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":53,"today":54,"last":55,"percentageChange":56,"yearToDate":57,"yearOnYear":58,"oneYearIndexTrend":59,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Carbonate",449.85,451.12,-0.28,77.12,181.56,[60,61,62,64,66,68,70,72,74,76,78,80],{"date":5,"value":54},{"date":17,"value":55},{"date":19,"value":63},404.38,{"date":22,"value":65},381.25,{"date":25,"value":67},371.52,{"date":28,"value":69},373.01,{"date":31,"value":71},366.63,{"date":34,"value":73},349.17,{"date":37,"value":75},356.81,{"date":40,"value":77},316.73,{"date":43,"value":79},253.98,{"date":46,"value":81},220.12,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":83,"today":84,"last":85,"percentageChange":86,"yearToDate":87,"yearOnYear":88,"oneYearIndexTrend":89,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Hydroxide",358.35,350.28,2.3,76.32,168.94,[90,91,92,94,96,98,100,102,104,106,108,110],{"date":5,"value":84},{"date":17,"value":85},{"date":19,"value":93},328.09,{"date":22,"value":95},316.95,{"date":25,"value":97},311.86,{"date":28,"value":99},321.41,{"date":31,"value":101},319.14,{"date":34,"value":103},295.42,{"date":37,"value":105},310,{"date":40,"value":107},270.4,{"date":43,"value":109},203.24,{"date":46,"value":111},177.17,{"publishedDate":19,"updateFrequency":113,"updateFrequencyText":114,"label":115,"today":116,"last":117,"percentageChange":118,"yearToDate":119,"yearOnYear":120,"oneYearIndexTrend":121,"url":147,"subscription":49,"isProtected":50,"hasAccess":51},"1wk","Updated every week","Cobalt",244.61,252.61,-3.17,3.99,97.72,[122,123,124,127,129,132,133,136,138,141,143,146],{"date":19,"value":116},{"date":25,"value":117},{"date":125,"value":126},"2026-03-25",252.45,{"date":28,"value":128},252.84,{"date":130,"value":131},"2026-03-11",253.48,{"date":31,"value":126},{"date":134,"value":135},"2026-02-25",256.64,{"date":34,"value":137},255.58,{"date":139,"value":140},"2026-02-11",253.31,{"date":37,"value":142},252.26,{"date":144,"value":145},"2026-01-28",241.15,{"date":40,"value":145},"/cobalt/prices",{"publishedDate":149,"updateFrequency":6,"updateFrequencyText":7,"label":150,"today":151,"last":152,"percentageChange":153,"yearToDate":154,"yearOnYear":155,"oneYearIndexTrend":156,"url":185,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-20","Nickel",135.83,133.05,2.09,12.5,30.68,[157,158,160,163,166,168,170,172,174,176,179,182],{"date":149,"value":151},{"date":159,"value":152},"2026-05-06",{"date":161,"value":162},"2026-04-22",125.43,{"date":164,"value":165},"2026-04-08",124.51,{"date":125,"value":167},123.94,{"date":130,"value":169},123.51,{"date":134,"value":171},122.7,{"date":139,"value":173},123.79,{"date":144,"value":175},128.07,{"date":177,"value":178},"2026-01-14",120.74,{"date":180,"value":181},"2025-12-31",104.29,{"date":183,"value":184},"2025-12-17",103.44,"/nickel/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":189,"today":190,"last":191,"percentageChange":192,"yearToDate":193,"yearOnYear":194,"oneYearIndexTrend":195,"url":227,"subscription":49,"isProtected":50,"hasAccess":51},"2026-04-30","monthly","Natural Graphite",82.93,82.39,0.66,1.66,-0.87,[196,197,199,202,205,207,210,212,215,218,221,224],{"date":187,"value":190},{"date":198,"value":191},"2026-03-31",{"date":200,"value":201},"2026-02-27",81.92,{"date":203,"value":204},"2026-01-30",81.69,{"date":180,"value":206},81.58,{"date":208,"value":209},"2025-11-28",81.35,{"date":211,"value":209},"2025-10-31",{"date":213,"value":214},"2025-09-30",81.74,{"date":216,"value":217},"2025-08-29",81.56,{"date":219,"value":220},"2025-07-31",82.47,{"date":222,"value":223},"2025-06-30",83.13,{"date":225,"value":226},"2025-05-30",83.77,"/natural-graphite/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":229,"today":230,"last":231,"percentageChange":232,"yearToDate":233,"yearOnYear":234,"oneYearIndexTrend":235,"url":258,"subscription":49,"isProtected":50,"hasAccess":51},"Anode Coke",84.01,79.79,5.29,12.86,12.75,[236,237,238,240,242,244,246,248,250,252,254,256],{"date":187,"value":230},{"date":198,"value":231},{"date":200,"value":239},75.72,{"date":203,"value":241},74.61,{"date":180,"value":243},74.44,{"date":208,"value":245},76,{"date":211,"value":247},72.75,{"date":213,"value":249},71.92,{"date":216,"value":251},71.46,{"date":219,"value":253},70.35,{"date":222,"value":255},67.35,{"date":225,"value":257},65.78,"/synthetic-graphite/prices",{"publishedDate":260,"updateFrequency":188,"updateFrequencyText":188,"label":261,"today":262,"last":263,"percentageChange":264,"yearToDate":265,"yearOnYear":265,"oneYearIndexTrend":266,"url":295,"subscription":49,"isProtected":50,"hasAccess":51},"2025-11-17","Anode",77.79,77.96,-0.22,-1.93,[267,268,270,272,274,277,280,282,284,287,290,292],{"date":260,"value":262},{"date":269,"value":263},"2025-10-15",{"date":271,"value":263},"2025-09-15",{"date":273,"value":263},"2025-08-15",{"date":275,"value":276},"2025-07-15",77.93,{"date":278,"value":279},"2025-06-16",78.88,{"date":281,"value":279},"2025-05-15",{"date":283,"value":279},"2025-04-15",{"date":285,"value":286},"2025-03-17",79.89,{"date":288,"value":289},"2025-02-17",78.97,{"date":291,"value":289},"2025-01-15",{"date":293,"value":294},"2024-12-16",79.32,"/anode/prices",{"publishedDate":297,"updateFrequency":188,"updateFrequencyText":188,"label":298,"today":299,"last":300,"percentageChange":301,"yearToDate":301,"yearOnYear":302,"oneYearIndexTrend":303,"url":327,"subscription":49,"isProtected":50,"hasAccess":51},"2026-01-15","Cathode",72.79,64.08,13.59,43.38,[304,305,307,309,311,313,315,317,318,320,322,325],{"date":297,"value":299},{"date":306,"value":300},"2025-12-15",{"date":260,"value":308},62.01,{"date":269,"value":310},53.51,{"date":271,"value":312},49.5,{"date":273,"value":314},47.28,{"date":275,"value":316},46.05,{"date":278,"value":316},{"date":281,"value":319},48.08,{"date":283,"value":321},48.92,{"date":323,"value":324},"2025-03-18",52.79,{"date":288,"value":326},50.86,"/cathode/prices",{"publishedDate":329,"updateFrequency":188,"updateFrequencyText":188,"label":330,"today":331,"last":332,"percentageChange":333,"yearToDate":334,"yearOnYear":335,"oneYearIndexTrend":336,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"2025-03-31","Lithium ion Batteries",74.53,71.3,4.53,-1.6,-20.88,[337,338,340,343,346,349,352,355,358,361,364,367],{"date":329,"value":331},{"date":339,"value":332},"2025-02-28",{"date":341,"value":342},"2025-01-31",71.45,{"date":344,"value":345},"2024-12-31",75.74,{"date":347,"value":348},"2024-11-29",76.98,{"date":350,"value":351},"2024-10-31",77.34,{"date":353,"value":354},"2024-09-30",77.43,{"date":356,"value":357},"2024-08-30",80.56,{"date":359,"value":360},"2024-07-31",82.99,{"date":362,"value":363},"2024-06-28",87.2,{"date":365,"value":366},"2024-05-31",90.7,{"date":368,"value":369},"2024-04-30",93.2,"/battery-gigafactory/prices",{"publishedDate":372,"updateFrequency":6,"updateFrequencyText":7,"label":373,"today":374,"last":375,"percentageChange":376,"yearToDate":377,"yearOnYear":378,"oneYearIndexTrend":379,"url":411,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-21","Black Mass",54.15,51.47,5.21,25.5,92.33,[380,381,383,386,389,392,395,398,401,404,406,408],{"date":372,"value":374},{"date":382,"value":375},"2026-05-07",{"date":384,"value":385},"2026-04-23",48.63,{"date":387,"value":388},"2026-04-09",48.6,{"date":390,"value":391},"2026-03-26",47.29,{"date":393,"value":394},"2026-03-12",46.18,{"date":396,"value":397},"2026-02-26",45.8,{"date":399,"value":400},"2026-02-12",47.34,{"date":402,"value":403},"2026-01-29",49.57,{"date":297,"value":405},43.15,{"date":180,"value":407},47.05,{"date":409,"value":410},"2025-12-18",41.51,"/recycling/black-mass-prices",{"publishedDate":413,"updateFrequency":188,"updateFrequencyText":188,"label":414,"today":415,"last":416,"percentageChange":417,"yearToDate":418,"yearOnYear":419,"oneYearIndexTrend":420,"url":449,"subscription":49,"isProtected":50,"hasAccess":51},"2026-03-19","Rare Earths",172.27,182.38,-5.54,20.73,54.49,[421,422,424,427,430,432,435,437,440,443,445,447],{"date":413,"value":415},{"date":423,"value":416},"2026-03-05",{"date":425,"value":426},"2026-02-19",179.86,{"date":428,"value":429},"2026-02-05",155.4,{"date":431,"value":429},"2026-01-22",{"date":433,"value":434},"2026-01-08",145.37,{"date":46,"value":436},142.69,{"date":438,"value":439},"2025-12-11",141.67,{"date":441,"value":442},"2025-11-27",136.29,{"date":211,"value":444},132.15,{"date":213,"value":446},139.82,{"date":216,"value":448},145.27,"/rare-earths/prices",{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":451,"today":452,"last":453,"percentageChange":454,"yearToDate":455,"yearOnYear":456,"oneYearIndexTrend":457,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"LFP",111.93,124.92,-10.4,-2.67,-3.42,[458,459,460,462,464,466,469,471,473,475,477,479],{"date":213,"value":452},{"date":216,"value":453},{"date":219,"value":461},109.9,{"date":222,"value":463},100.47,{"date":225,"value":465},103.62,{"date":467,"value":468},"2025-04-30",109.47,{"date":329,"value":470},115.87,{"date":339,"value":472},117.3,{"date":341,"value":474},114.57,{"date":344,"value":476},115,{"date":347,"value":478},117.82,{"date":350,"value":480},111.9,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":482,"today":483,"last":484,"percentageChange":485,"yearToDate":486,"yearOnYear":487,"oneYearIndexTrend":488,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM High-Nickel",99.44,96.91,2.61,2.37,-3.84,[489,490,491,493,495,497,499,501,503,505,506,508],{"date":213,"value":483},{"date":216,"value":484},{"date":219,"value":492},97.09,{"date":222,"value":494},94.93,{"date":225,"value":496},97.13,{"date":467,"value":498},97.89,{"date":329,"value":500},101.4,{"date":339,"value":502},93.25,{"date":341,"value":504},98.94,{"date":344,"value":496},{"date":347,"value":507},98.69,{"date":350,"value":509},101.87,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":511,"today":512,"last":513,"percentageChange":514,"yearToDate":515,"yearOnYear":516,"oneYearIndexTrend":517,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":748,"relatedVideos":749},149570920239599,"0ff0e0c5-d9dd-4f8c-9b1b-4aa57cb0e0b4","Form Energy announces largest capacity energy storage system to date","form-energy-announces-largest-capacity-energy-storage-system-to-date","article/form-energy-announces-largest-capacity-energy-storage-system-to-date",{"_uid":547,"date":548,"tags":549,"editor":562,"content":572,"excerpt":712,"featured":51,"reporter":713,"component":724,"seo_title":725,"categories":726,"visibility":736,"data_vis_image":737,"featured_image":742,"seo_description":712,"formattedDate":746,"formattedArticleDate":747},"ca524aa9-ea72-4232-8fef-90bbabbfc093","2026-02-27 00:00",[550,553,556,559],{"slug":551,"name":552},"bess-systems","BESS Systems",{"slug":554,"name":555},"lithium-ion-batteries","lithium ion batteries",{"slug":557,"name":558},"usa","USA",{"slug":560,"name":561},"data-visualisation","Data Visualisation",[563],{"slug":564,"name":565,"content":566},"benjamin-roche","Benjamin Roche",{"job_title":567,"image":568,"bio":570,"linkedin":571},"Editor – Energy Transition Supply Chains",{"filename":569},"https://a.storyblok.com/f/287943243085208/800x800/66d6674fb8/benjamin-roche.png","Benjamin is Benchmark's Editor for Energy Transition Supply Chains, covering both upstream products like critical minerals and downstream products including energy storage systems and electric vehicles. He has previous experience covering trade flows, tariffs and the effects of geopolitics on supply chains.","https://www.linkedin.com/in/benjaminrochecontent/",{"type":573,"content":574},"doc",[575,589,599,616,626,631,636,650,657,662,670,675,680,687,701,706],{"type":576,"attrs":577,"content":578},"paragraph",{"textAlign":49},[579,582,587],{"text":580,"type":581},"On 24","text",{"text":583,"type":581,"marks":584},"th",[585],{"type":586},"superscript",{"text":588,"type":581}," February, Google formally signed an agreement with Xcel Energy to deploy a 30GWh / 300MW, 100-hour iron-air battery energy storage system (BESS) supplied by Form Energy in Pine Island, Minnesota.",{"type":590,"attrs":591,"content":593},"heading",{"level":592,"textAlign":49},2,[594],{"text":595,"type":581,"marks":596},"Largest ever BESS project globally",[597],{"type":598},"bold",{"type":576,"attrs":600,"content":601},{"textAlign":49},[602,604,614],{"text":603,"type":581},"The project is the largest energy storage project in Benchmark’s databases and ",{"text":605,"type":581,"marks":606},"significantly outstrips the average capacity",[607],{"type":608,"attrs":609},"link",{"href":610,"uuid":611,"anchor":49,"target":612,"linktype":613},"/article/battery-manufacturers-ramp-up-cell-size-to-meet-growing-bess-capacity-demands","8a3561ee-39d5-443e-abf1-4148319e3650","_self","story",{"text":615,"type":581}," of energy storage projects, of any technology, operational in the US in 2025.",{"type":617,"attrs":618},"blok",{"id":619,"body":620},"be8a6769-e87e-486b-ae63-8e21d663e1d1",[621],{"id":622,"_uid":623,"type":613,"component":624,"fixed_height":625,"use_fixed_height":50,"fixed_height_mobile":625,"fixed_height_tablet":625},"3598726","i-89bd26ab-949e-4c46-964b-3ef507e5d867","ContentFlourish","",{"type":576,"attrs":627,"content":628},{"textAlign":49},[629],{"text":630,"type":581},"It would also be the second-largest project anywhere in the world in terms of capacity, beaten only by a 40GWh LFP-based project in Australia. Calvin Xu, BESS analyst at Benchmark, noted the scale of the project “far exceeds the market average”.",{"type":576,"attrs":632,"content":633},{"textAlign":49},[634],{"text":635,"type":581},"The average capacity of commissioned battery energy storage projects globally was 168MWh. The US was slightly larger just under 290MWh.",{"type":576,"attrs":637,"content":638},{"textAlign":49},[639,641,648],{"text":640,"type":581},"“We are increasingly seeing giga-scale projects ",{"text":642,"type":581,"marks":643},"enter the project pipeline",[644],{"type":608,"attrs":645},{"href":646,"uuid":647,"anchor":49,"target":612,"linktype":613},"/article/bess-system-integrator-ranking-in-h1-2025-shows-change-is-on-the-horizon-for-the-industry","b3df4ba0-52b6-469b-9695-870f7eb68178",{"text":649,"type":581},",” Xu said. “But this is the largest to be announced in the US, more than double the size of the next largest announced project’s capacity.”",{"type":590,"attrs":651,"content":652},{"level":592,"textAlign":49},[653],{"text":654,"type":581,"marks":655},"Lithium ion continues to dominate",[656],{"type":598},{"type":576,"attrs":658,"content":659},{"textAlign":49},[660],{"text":661,"type":581},"Although the announced project utilises iron-air technology, lithium ion cells will continue to dominate in new battery storage deployments through to 2030, though their market share is expected to fall from a 98% peak in 2025 to 90% by 2030. The remaining share will be split between sodium ion and other technologies, iron air among them.",{"type":617,"attrs":663},{"id":664,"body":665},"f0307b01-89cf-4d10-85a1-2a5657047185",[666],{"id":667,"_uid":668,"type":669,"component":624,"fixed_height":625,"use_fixed_height":50,"fixed_height_mobile":625,"fixed_height_tablet":625},"27805048","i-f9f2920e-0907-4977-b2bc-fc62b55a1115","visualisation",{"type":576,"attrs":671,"content":672},{"textAlign":49},[673],{"text":674,"type":581},"The new project is an outlier in this trend and reflects the unique ability of iron air chemistry to meet exceptional duration demands. The iron-air battery system generates electricity through the oxidation of iron when exposed to air, effectively utilising a reversible rusting process.",{"type":576,"attrs":676,"content":677},{"textAlign":49},[678],{"text":679,"type":581},"Form Energy has been selected as the BESS system supplier. The batteries will be manufactured at Form Factory 1 in Weirton, West Virginia, which is currently expanding to an annual production capacity of 500MW.",{"type":590,"attrs":681,"content":682},{"level":592,"textAlign":49},[683],{"text":684,"type":581,"marks":685},"All 100-hour projects utilising iron-air",[686],{"type":598},{"type":576,"attrs":688,"content":689},{"textAlign":49},[690,692,699],{"text":691,"type":581},"The 100-hour long duration of the project signals an ",{"text":693,"type":581,"marks":694},"accelerating shift in energy storage",[695],{"type":608,"attrs":696},{"href":697,"uuid":698,"anchor":49,"target":612,"linktype":613},"/article/is-the-energy-storage-market-shifting-to-longer-duration-capacities-","6c350409-abcd-42f5-a9a4-15e7729cd431",{"text":700,"type":581}," from an “emergency backup” role towards serving as a primary energy supply resource.",{"type":576,"attrs":702,"content":703},{"textAlign":49},[704],{"text":705,"type":581},"Most non-lithium-ion projects have durations of 0-4 hours, largely using flow batteries, while all 10 of the 100-hour projects globally utilise iron-air technology. Nine of these are supplied by Form Energy.",{"type":617,"attrs":707},{"id":664,"body":708},[709],{"id":710,"_uid":711,"type":669,"component":624,"fixed_height":625,"use_fixed_height":50,"fixed_height_mobile":625,"fixed_height_tablet":625},"27807513","i-88477fc8-eb90-4196-93c5-1e1c4132c34d","On 24th February, Google formally signed an agreement with Xcel Energy to deploy a 30GWh / 300MW, 100-hour iron-air battery energy storage system (BESS) supplied by Form Energy in Pine Island, Minnesota.",[714],{"slug":715,"name":716,"content":717},"calvin-xu","Calvin Xu",{"job_title":718,"image":719,"bio":721,"linkedin":722,"markets_covered":723},"Analyst - BESS",{"filename":720},"https://a.storyblok.com/f/287943243085208/512x512/096bdfc0f7/calvin-xu.png","Calvin is a BESS Analyst focusing on China market. He works on daily research of China's BESS projects, legislation and policy analysis. He also works on the monthly and quarterly reports focusing on China market and the OEMs updates. Now he is assisting on the data centre database. Calvin holds a MSc of e-Business Management at University of Warwick. ","https://www.linkedin.com/in/zhengxu0416/","BESS","article","Form Energy announces largest ever capacity energy storage system",[727,730,733],{"slug":728,"name":729},"battery-technology","Battery Technology",{"slug":731,"name":732},"ess","ESS",{"slug":734,"name":735},"gigafactories","Battery & Gigafactory","private",{"id":738,"alt":625,"name":625,"focus":625,"title":625,"source":625,"filename":739,"copyright":625,"fieldtype":740,"meta_data":741,"is_external_url":50},149573595989641,"https://a.storyblok.com/f/287943243085208/811x805/5c45b847d0/bess-circle-chart.png","asset",{},{"id":743,"alt":625,"name":625,"focus":625,"title":625,"source":625,"filename":744,"copyright":625,"fieldtype":740,"meta_data":745,"is_external_url":50},129067331742369,"https://a.storyblok.com/f/287943243085208/c3f6f9d2ee/bm-energy-storage-systems.jpg",{},"Feb 27, 2026","27th February 2026",[],[],1784908351159]