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Form Energy

Iron-air multi-day energy storage systems

Staff Product Cost Engineer

Mechanical EngineeringConfirmed live in the last 24 hours
Full-timeIn-person

About the Job

Requirements

  • At least 5 years of experience in a cost engineering role.
  • Deep understanding of cost engineering principles and methodologies specific to electromechanical systems.
  • Ability to design, implement, and improve cost engineering processes.
  • Familiarity with manufacturing processes for both mechanical and electronic components.
  • Ability to analyze complex data, identify root causes, and develop effective solutions.
  • Understanding of financial principles and cost management techniques.
  • Strong communication and organizational skills.

Responsibilities

  • Develop detailed cost estimates for electromechanical product designs, including custom mechanical components, electronic components such as printed circuit boards and sensors, wiring harnesses, and assembly.
  • Use product lifecycle management and computer-aided design programs to analyze design specifications, bills of materials, and manufacturing processes for electromechanical systems to determine cost drivers.
  • Design, develop, and implement standardized cost engineering processes and methodologies for electromechanical products.
  • Partner with Finance to create and maintain cost estimation templates, tools, and databases.
  • Establish best practices for cost data collection, analysis, and reporting.
  • Support data-driven make-versus-buy decisions.

About the Company

Form Energy

Iron-air multi-day energy storage systems

Form Energy develops and sells energy storage systems designed for long-duration use in the electric grid. Its main product is an iron-air battery that can store electricity for up to about 100 hours, offering a cost-effective alternative to traditional power plants and enabling a fully renewable grid. The system works by storing energy chemically in iron and air, allowing electricity to be released when needed over multi-day stretches, with a focus on scalable manufacturing and system integration to meet utility and municipal needs. The company differentiates itself by pursuing low-cost, multi-day storage on a large scale, leveraging iron as a plentiful material to deliver affordable, reliable energy storage compared to conventional approaches. Its goal is to support deep decarbonization of the electric system by providing reliable, year-round renewable power through affordable energy storage and deployment alongside grid infrastructure.

Company size
501-1,000
Company stage
Debt Financing
Total funding
$2.6B
Headquarters
Somerville, MA
Founded
2017

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