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
“Professor Donald Sadoway and Materials Processing Center Research Affiliate David Bradwell observe one of their small test batteries in the lab. The battery itself is inside the heavily insulated metal cylinder at center, which heats it to 700 degrees Celsius.” (Photo: Patrick Gillooly; Source: MIT)
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).
Good news.
Read more at: Sadoway’s MIT Liquid Metal Battery Startup Adds $15M and Khosla Ventures as Investor.
About the Author
Zachary Shahan is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he does not offer (explicitly or implicitly) investment advice of any sort on Tesla or any other company.
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