Ambri (company)

Ambri, Inc. is an American startup company which aims to produce molten-salt batteries for energy storage in wind and solar power systems.[1] In 2016 it had thirty-seven employees.[2]

Ambri, Inc.
FormerlyLiquid Metal Battery Corporation
TypePrivate
FounderDonald Sadoway
Headquarters
Marlborough, Massachusetts
,
U.S.
ProductsBatteries for Renewable Energy storage
Websiteambri.com

History

The Liquid Metal Battery Corporation was formed in 2010 to commercialize the liquid-metal battery technology invented by Professor Donald Sadoway and Dr. David Bradwell at the Massachusetts Institute of Technology. It was renamed Ambri in 2012.[3] In 2012 and 2014, it received $40 million in funding from Bill Gates, Khosla Ventures, Total S.A., and GVB.[4]

In September 2015 the company deferred plans for commercial sales of its batteries, and laid off a quarter of its workforce.[5] In 2016 it hoped to develop a calcium-antimony battery.[6][2]

In 2020, Ambri signed a contract with TerraScale to deliver a 250 MWh energy storage installation for a data center to be built in Churchill County, Nevada near Fernley.[7][8][9]

In 2021, Reliance Industries announced that one of its subsidiaries along with Bill Gates and others, would invest $144 million in Ambri. Reliance is also in talks with Ambri to set up manufacturing and distribution facility in India.[10][11]

In September of 2023, despite receiving $144 million in funding 2 years earlier, Ambri announced it will be forced to lay off 105 workers, unless it can raise additional funding on or before Nov. 13 2023.[12]

See also

References
  1. "Full Page Reload". IEEE Spectrum: Technology, Engineering, and Science News. 8 November 2013. Retrieved 2021-01-10.
  2. "Ambri Returns to the Energy Storage Hunt With Liquid Metal Battery Redesign". www.greentechmedia.com. Retrieved 2021-01-10.
  3. LaMonica, Martin. "Liquid Metal Battery snags funding from Gates firm". CNET. Retrieved 2021-01-10.
  4. "Liquid Metal Battery Startup from MIT's Don Sadoway Gets $15-Million Boost, Investments from Khosla Ventures, Bill Gates, & Total". CleanTechnica. 2012-05-25. Retrieved 2021-01-10.
  5. "Battery startup Ambri lays off staff, pushes back commercial sales". Fortune. Retrieved 2021-01-10.
  6. "Ambri's liquid metal battery to be used at desert data centre in Nevada". Energy Storage News. 26 November 2020. Retrieved 2021-01-10.
  7. "TerraScale to leverage Ambri liquid metal battery technology at Reno data centre campus". Techerati. 2020-12-01. Archived from the original on 2021-01-22. Retrieved 2021-01-17.
  8. Hidalgo, Jason. "$3 billion Energos project to build largest carbon-neutral industrial park in US near Reno". Reno Gazette Journal.
  9. "$3 billion clean energy project on tap for Churchill County". www.nevadaappeal.com. 2020-12-13.
  10. "Mukesh Ambani, Bill Gates & others to invest $144 mn in US-based Ambri Inc". 10 August 2021.
  11. "RIL's Ambri Investment: What It Means For Its Clean Energy Ambitions". Moneycontrol. 10 August 2021. Retrieved 2021-08-29.
  12. "Marlborough tech firm seeks funding to avoid 105 layoffs". Worcester Business Journal. Retrieved 2023-10-22.
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