Published on May 25th, 2012 | by Zachary Shahan7
Liquid Metal Battery Startup from MIT’s Don Sadoway Gets $15-Million Boost, Investments from Khosla Ventures, Bill Gates, & Total
May 25th, 2012 by Zachary Shahan
We’ve written about Don Sadoway’s liquid batteries, a potential breakthrough energy storage solution that could help make renewable energy explode even more than it already is, and shared a TED talk of Sadoway discussing the technology. The latest news in this story is that Sadoway’s team has received $15 million more of investment, including money from world-famous cleantech investor Vinod Khosla’s firm Khosla Ventures.
“Until we find a technology that is low-cost, highly scalable, and long-lasting, ubiquitous grid storage won’t be possible,” Andrew Chung of Khosla Ventures said. “The all-liquid battery’s elegant materials design and simple assembly process makes it the best chemical option we’ve seen for storing the grid at massive scale.”
Liquid Metal Battery Corporation (LMBC), the name of the startup, received its next round of funding, $15 million, from Khosla Ventures, Bill Gates and energy company Total.
The startup has reportedly moved from the R&D stage to the commercialization stage (for large-scale grid implementation).