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Liquid metal battery company Ambri raises $35M in Series C

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Ambri, developer of Liquid Metal Battery grid-scale energy storage technology, closed a $35-million Series C equity financing. This latest funding round will enable Ambri to deliver commercial systems to customers, build its initial commercial-scale manufacturing plant, and continue technology development. Earlier post.)

Companies 210
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Liquid Metal Battery Corp secures patent rights from MIT

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Liquid Metal Battery Corporation (LMBC), a Cambridge, Massachusetts company founded in 2010 to develop new forms of electric storage batteries that work in large, grid-scale applications, has secured the rights to key patent technology from MIT. This is an important step forward for Liquid Metal Battery Corporation.

MIT 210
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MIT researchers conclude fundamental changes in the US energy-innovation system are needed to meet challenges of climate change and energy supply

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The project was supported by a grant from the Doris Duke Charitable Foundation. If the consent of the governed is granted only grudgingly or not at all, such a program will inevitably be hamstrung by resistance and will remain at constant risk of reversal. Innovation doesn’t just emerge out of thin air. —Richard Lester.