Directory profiles · Battery Business Directory
Organizations mentioned or cited on this 2025 report page. A historical mention does not establish current products, availability or endorsement.
Sources and links on page 44 (13)
Links embedded in the original report PDF, including citations and other references. These destinations have not been independently reviewed. Links open in a new tab.
- https://ambri.com/company/
- https://ldescouncil.com/a-decade-in-development-liquid-metal-batteries-by-ambri-may-soon-change-the-energy-storage-game/
- https://spectrum.ieee.org/liquid-metal-battery
- https://fortune.com/2015/09/11/liquid-metal-battery-layoffs/
- https://www.businesswire.com/news/home/20230808943870/en/Ambri-Achieves-UL-1973-Certification-for-Its-Next-Generation-Liquid-Metal-Battery-Cells
- https://www.businesswire.com/news/home/20220914005064/en/Ambri-Deploys-Liquid-Metal-Battery-System-for-Microsoft-Continuing-Progress-Toward-Commercialization
- https://www.datacenterdynamics.com/en/news/microsoft-installs-a-data-center-backup-system-based-on-ambris-high-temperature-liquid-metal-batteries/
- https://www.pv-magazine-india.com/2022/10/20/ambri-reliance-industries-sign-mou-on-liquid-metal-battery-pilot/
- https://www.businesswire.com/news/home/20230719607417/en/Ambri-Advances-Collaboration-with-Xcel-Energy-for-First-Utility-Deployment-of-Liquid-Metal-Battery-System
- https://www.prnewswire.com/news-releases/ambri-selected-by-earth--wire-for-300-mw-1-200-mwh-long-duration-energy-storage-project-in-south-africa-301573611.html
- https://www.latitudemedia.com/news/how-liquid-metal-battery-maker-ambri-ended-up-on-the-auction-block/
- https://www.businesswire.com/news/home/20240730239061/en/Ambri-Successfully-Completes-Sale-and-Emerges-from-Chapter-11
- https://www.ess-news.com/2024/08/02/liquid-metal-battery-storage-speciliast-ambri-emerges-from-restructuring/
Text on page 44
AMBRI: The Liquid Metal Battery Story Growing Pains Founded (2010): MIT spinoff by Sadoway, Bradwell & Ortiz. Goal: Safe, affordable electrical storage solution for grids Backers: Seed money from Bill Gates & Total S.A. and ARPA-E 1, 2
Tech: Liquid Metal Battery (molten metals + salt; calcium anode for low cost) Challenges2, 3, 4: Needed to invent its own manufacturing; 2015 seal failure caused delays & layoffs
Revamp
Financial Hurdles
Gates-backed leadership pivot → retire technology risk & commercialization push2
$300M Series F collapsed when the lead investor backed out11
Achieved UL 19735, secured antimony supply2, proved safe + 20-yr life
$50M bridge loan failed11 (Reliance declined its $8M share) Despite $1.7B11 in MOUs, funding gap killed scale-up
Restructuring (2025) July 31, 202412, 13: Assets sold via Section 363 to lender consortium (Gates Frontier, Paulson & Co., Fortistar) Ambri recapitalized12 with a stronger balance sheet
Major deals: Microsoft6,7, Reliance8, Xcel Energy9, Earth & Wire10
Nov 202311: Laid off ~2⁄3 of staff
Co-founder David Bradwell becomes CEO13
Scaling up11: 140,000 sq ft Milford facility ($18M retrofit)
May 6, 2024[11]: Filed Chapter 11 to exit plant lease (after raising $150M equity + $42M debt)
Company shifts13 to a lean, capital-efficient model
Source: [1] | [2] | [3] | [4] | [5] | [6] | [7] | [8] | [9] | [10] | [11] | [12] | [13]
Renewed focus13: scaled, low-cost, long-duration storage to meet strong demand
Extracted from the PDF; charts and images may read imperfectly.
More in Industry (22)
Page 44 · 24/29