Tuesday, March 18, 2014

Bill Gates-backed startup to install energy storage battery at wind power project in Hawaii

A Massachusetts-based startup backed by Microsoft’s Bill Gates plans to install its energy storage battery at First Wind’s wind power projects in Oahu, Hawaii.
First Wind said they are still determining which project will receive the technology. Upon the decision, Ambri and First Wind will formalize an agreement.  
Ambri, is one of 15 startups to receive funding from Energy Excelerator.
The solutions is a liquid metal battery that can store electricity for under $500 per kilowatt hour. According to Biz Journals, that is less than a third of what conventional battery storage costs.
Ambri’s energy storage battery will also be installed at a Massachusetts military base.