What is Ambri?
Ambri specializes in long-duration energy storage solutions through its innovative Liquid Metal battery technology, which enhances the integration of renewable energy into power grids. The company targets utility providers and large-scale renewable energy projects, offering a sustainable and cost-effective alternative to traditional energy storage systems. Ambri's batteries are designed for reliability and safety, with a lifespan exceeding 20 years and minimal degradation. Their solutions aim to facilitate energy shifting, capacity firming, and renewable integration, ultimately reducing dependency on fossil fuels.
How much funding has Ambri raised?
Ambri has raised a total of $194M across 3 funding rounds:
Series B
$15M
Series C
$35M
Unspecified
$144M
Series B (2012): $15M with participation from Khosla Ventures, Total Carbon Neutrality Ventures, and Bill Gates
Series C (2014): $35M led by Khosla Ventures and KLP Enterprises
Unspecified (2021): $144M supported by Fortistar companies, Paulson, Japan Energy Fund, Bill Gates, Reliance New Energy Solar, and Goehring & Rozencwajg Associates
Key Investors in Ambri
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies, focusing on areas including sustainable energy and enterprise software.
Japan Energy Fund
Backed by prominent Japanese companies, the Japan Energy Fund aims to build a sustainable society through investment in innovative international companies with technologies related to decarbonisation.
Goehring & Rozencwajg Associates
Goehring & Rozencwajg Associates is an investment firm specializing in the natural resource industry, providing deep research and capital for companies navigating the complexities of global energy markets.
What's next for Ambri?
With the recent capital infusion, Ambri is poised to transition from research and development into a phase of rapid industrial scaling. The company's strategic roadmap focuses on expanding manufacturing capacity to meet the growing demand for long-duration storage, which is essential for stabilizing grids reliant on intermittent solar and wind power. By focusing on utility-scale applications, Ambri is set to play a pivotal role in the infrastructure of the future, providing the necessary capacity to manage energy demand cycles efficiently. Investors are closely watching the company's ability to maintain its cost-advantage while scaling production, a key metric for long-term viability in the competitive energy storage landscape.
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