Liquid Metal Battery Corporation (LMBC) has announced that it has raised an additional $15 million in funds, completing its second round of funding.
LMBC has innovated a new battery technology that will transform grid-scale electricity storage. The Liquid Metal Battery technology is reliable, safe and easy to assemble, has the flexibility to provide energy to the grid in both long duration and quick-response applications, and has the potential to cost significantly less than existing solutions.
This new investment will enable LMBC to bring its innovative solution to market, facilitating full integration of variable renewable generation like wind and solar, relieving grid congestion, reducing the need for power plants, and transmission and distribution infrastructure, and thereby reducing the cost of electricity.
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