Crusoe makes big battery buys for its data centers

Data center developer Crusoe is significantly boosting its energy storage with 12 GWh of Form Energy's iron-air batteries, to be delivered by 2027. This follows Form's recent large contract with Google. Additionally, Crusoe is expanding cooperation with Redwood Materials for EV battery repurposing, enhancing its energy capacity on microgrids, amid broader trends in sustainable technology and energy efficiencies.

Key Points

• Crusoe purchases 12 GWh of Form Energy's batteries.
• Form Energy has previous contracts, including a $1 billion deal with Google.
• Deliveries of Crusoe's batteries are expected to begin in 2027, providing revenue to Form.
• Form has raised $1.4 billion and is conducting a $500 million funding round.
• Crusoe is increasing its collaboration with Redwood Materials, focusing on battery recycling.
• Crusoe operates a 12 MW, 63 MWh battery on a microgrid, largest second-life installation at the time.

Relevance

• This development aligns with increasing investments in renewable energy storage and sustainability, pivotal trends in 2025.
• Previous sustainability initiatives and partnerships by tech companies mirror this trend, emphasizing energy efficiency.
• The transition to iron-air batteries represents innovation in energy technology, anticipated to displace less sustainable options.

Crusoe's strategic battery acquisitions and partnerships mark a significant step in data center energy management, reflecting broader industry shifts towards sustainability and advanced energy solutions in 2025.