Gates Funds MIT’s Liquid Metal Battery

Liquid Metal Battery, an MIT spinout that is building a battery made of liquid-state cathode, anode, and electrolyte components, has nabbed a seed investment from Bill Gates and an undisclosed oil driller, CNET reports. The aim is to cut the cost of energy storage and enable batteries to store hours of wind and solar power, according to the report. The company is expected to announce its full Series A funding next month.

Trending on Xconomy