Form Energy’s analytics and software teams built a new grid modeling toolkit, Formware™, to capture the dynamics of decarbonizing grids and the drivers of multi-day storage value. Our co-founders partnered with leading academic institutions to develop several of the early Formware capabilities. These learnings have been documented in top tier academic journals.
We have since developed Formware to be a next-generation, technology-neutral investment and operational model for power grids. It has the ability to optimize the investments and operations of any portfolio of technologies over multi-year, hourly resolution data sets to capture real-world weather variability, resulting in more reliable and cost effective designs for renewables-driven power systems. Formware is capable of optimizing least cost asset builds to help project developers, utilities, and other grid planners understand and capture the value of multi-day energy storage in future grid transformation scenarios, key to making long-term investment decisions.