From pv magazine USA
Ambri Inc., an MIT-spinoff long-duration battery energy storage system developer, secured $144 million in funding to advance calcium-antimony liquid metal battery chemistry.
The investment round was led by Reliance New Energy Solar Ltd, a unit of Reliance Industries Limited; Paulson & Co. Inc., a group that includes Ambri’s largest shareholder, Bill Gates; and new investors, including Fortistar, Goehring & Rozencwajg Associates, Japan Energy Fund, and others.
The company plans to use proceeds to commercialize and grow its long-duration system technology and to build manufacturing facilities, both in the U.S. and internationally.
Ambri also entered into a long-term antimony supply agreement with Perpetua Resources. The agreement helps secure a domestic source of antimony for its supply chain.
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