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Stock impact report

Google's new 1.9GW clean energy deal includes massive 100-hour battery [TechCrunch]

Xcel Energy Inc. (XEL) 
Last xcel energy inc. earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.xcelenergy.com
Company Research Source: TechCrunch
The new data center, Google's first in Minnesota, will be located in Pine Island, about an hour southeast of Minneapolis. The tech company is working with Xcel Energy to build 1.4 gigawatts of wind power and 200 megawatts of solar power. Both will feed Form's battery, which will be capable of delivering its rated power for 100 hours. At 30 gigawatt-hours, it will be the largest battery in the world, helping the data center operate on clean energy for longer periods of time. Such long-duration batteries help renewable energy sources continue to provide power at night or during lulls, “firming” the power source, as experts call it. Grid-scale lithium-ion batteries do this already, though for shorter periods. Form Energy's batteries are unlike most other grid-scale batteries. Whereas a typical grid-scale battery today uses lithium-ion technology that's been repurposed from chemistries used by the automotive industry, Form's batteries store energy by rusting and deoxidizing iron. Show less Read more
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