Form Energy vs ABB Ability
Side-by-side comparison of AI visibility scores, market position, and capabilities
Secured $1B Google data center deal (Feb 2026) + 12 GWh Crusoe deal (Mar 2026). Pursuing ~$500M pre-IPO round. World's largest iron-air battery commercial contracts in one quarter.
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Form Energy develops iron-air batteries — a long-duration energy storage technology that stores electricity for 100+ hours using iron plates that rust (oxidize) to discharge and reverse the process to charge. In February 2026, Google signed a $1 billion contract for iron-air batteries to power data centers, followed in March 2026 by a 12 gigawatt-hour deal with Crusoe Energy for AI data center power. Form Energy is reportedly pursuing a ~$500 million pre-IPO financing round, positioning for a public listing as its commercial momentum accelerates.
ABB (NYSE: ABB) industrial IoT platform connecting 70M+ devices for predictive maintenance and performance analytics; $32.2B revenue competing with Siemens MindSphere and GE Digital for industrial digital transformation.
About
ABB Ability is ABB Ltd's (NYSE: ABB) digital industrial platform — an integrated suite of IoT software, analytics, and cloud services connecting ABB's physical industrial equipment (robots, motors, drives, power systems) to real-time monitoring, predictive maintenance, and performance optimization applications. ABB generated $32.2 billion in total revenue in fiscal year 2024, with digital and software services (including ABB Ability) representing a growing share of the industrial automation and electrification company's revenue as customers shift from equipment-only to outcome-based service models.
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