Overview
- Ore Energy and Budget Thuis announced Monday, June 22, 2026, a 1 gigawatt‑hour offtake agreement that begins with a committed 400 megawatt‑hour first phase scheduled for delivery in 2028.
- Ore Energy says its iron‑air chemistry stores energy for 24 to 100 hours by reversing the rusting process in modular 40‑foot containers that can be daisy‑chained to scale capacity.
- The company points to a completed EDF grid pilot, announced in February, which it says demonstrated up to four days of discharge under real‑world utility conditions.
- Iron‑air systems trade lower round‑trip efficiency and larger physical footprint for cheaper, non‑flammable materials that use iron, water and air and avoid lithium or cobalt.
- Industry observers note this is Ore Energy’s first major European supplier contract and that wider adoption will depend on manufacturing scale, policy support and how it compares in rollout to competitors such as Form Energy.