Federal grant · project grant (b)
Bipartisan Infrastructure Law (BIL) - Rapid: Realizing Advanced Production of Iron-air Batteries for Commercial Deployment This Project Will Procure and Install Form Factory 1, LLC'S (FF1) First 15 Gigawatt Hour (GWH) Semi-automated Iron-air Battery Manufacturing Line at Its New Manufacturing Facility. This Factory Will Make 100-HOUR Iron-air Multi-day Storage Energy Systems That Enable the Grid to Run Cost-effectively and Reliably on Clean Electricity Year-round. FF1 Will Accomplish This by Building a New Semi-automated Manufacturing Line and Ramping to at Least 15 Gwh/yr Capacity.
Committed
$150.0 Million
Paid out
$22.6M
15%
Committed, not yet paid
$127.4M
85%
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The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
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One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .
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