storing electricity for our futureenergy.mit.edu/wp-content/uploads/2016/11/bradwell-lmb...khosla...

19 Blackstone Street

Cambridge, MA 02139

617.714.5723

www.ambri.com

Storing Electricity

for Our Future

October 2016

2 © 2016 Ambri Inc.

Electricity Storage as a Transformational Opportunity

2

National Academy of Engineering named the electrical grid the

greatest engineering achievement of the 20th century – the

largest and most complex machine ever made.

Supply x DemandInstant

response

Electricity Storage Changes Everything

Today

Supply x Demand

Decouple S & D


An innovative approach to grid-scale storage

• The only battery where all three active components are liquid when the battery operates:

• Avoids typical failure mechanisms of solid state batteries, like particle cracking/separation

• Unprecedented lifespan potential

• Low-cost manufacturing

• Operates at high temperature (475C) self-heated when operated regularly

• Robust design offers inherent safety features

* Initial chemistry from MIT was Mg||Sb; Ambri commercializing different undisclosed

chemistry with lower operating temperature, higher voltage, lower cost

Unique cell chemistry* Elegant & simple cell design

cell body

cell lid

seal(—) terminal

(+) terminal

positive electrode (liquid metal)

electrolyte (molten salt)

negative electrode (liquid metal)


2006-2010: Grant funding for MIT research

GroupSadoway (2010)

U.S. Dept of Energy

French energy company

~$13M grant funding accelerated development.Grew team to 20 researchers.


Publications

Numerous publications, launched professorial careers of ~half dozen alumni.Demonstrated cost-effective chemistry by 2010, formed Ambri (formerly LMBC)


Series Aundisclosed

2010

Series B $15MM

2012

Series C$35MM

2014

Bill GatesChair, co-founder and

former CEO Microsoft

Total Founded in 1924; 2012

revenue of $240 billion

Khosla VenturesFounded in 2004; Over $2

billion under management

KLP EnterprisesFamily office of Karen

Pritzker and Michael Vlock

GVBFounded in 1807; Swiss

insurance firm; ~$350B

insured assets

Ambri has raised over $50 million in equity financing since its

founding in 2010; Ambri’s investors share our long-term vision for

developing an electricity storage technology that will transform the

electric power industry everywhere.

Ambri’s investors2014

NECEC awards Ambri

“Emerging Company of the

Year”

Global Cleantech 100

Ambri named one of 25

most audacious companies

named by Inc. magazine

2013

Global Cleantech 100 and

Rising Star of the Year

Award

Ambri named MIT

Technology Review’s 50

Disruptive Companies

2012

Sadoway’s TED Talk on

Ambri’s Liquid Metal Battery

has over 1.5 million views

Professor Sadoway named

Time’s 100 most

influential people in the

world

2010

David Bradwell named MIT

Technology Review's 35

innovators under 35


Ambri team


• 37 full-time employees• Median age is 30

Employee statistics Ambri leadership

Headcount growth

Phil Giudice, CEO & President

• 40 years of experience in the energy industry; most recently Massachusetts Energy Undersecretary and Commissioner; formerly Executive at EnerNOC and senior partner and leader of Mercer Management Consulting's global energy utilities practice

David Bradwell, Co-Founder, CTO & SVP Commercialization

• 11 years of experience on the Liquid Metal Battery Project; MEng and PhD in Materials Science from MIT

Don Sadoway, Co-Founder, Chief Scientific Advisor

• Over 30 years at MIT as Professor of Materials Chemistry; author of over 150 scientific papers and holder of 18 U.S. patents; extensive research into the electrochemistry of molten salts

Kristin Brief, Vice President Corporate Development & Treasurer

• 13 years of experience in energy industry as a consultant and entrepreneur; formerly at EnerNOC and NERA Economic Consulting

Greg Thompson, Director of Cell Development

• 4 years of experience on the Liquid Metal Battery Project; formerly post-doctoral fellow in Group Sadoway; PhD from the University of Illinois at Urbana-Champaign in Physics

Hari Nayar, Director of Systems Engineering

• 11 years of battery & energy storage products design/deployment experience spanning defense, automotive, medical & utility industries. Formerly at AristaPower, Covidien & Ultralife.

Ajit George, Director of Manufacturing

• Over 20 years of industry experience working as a manufacturing engineer and manager at BOSE, Honeywell, and Kiva Systems; previous focus on transitioning processes from R&D to high volume manufacturing

Ambri team

7

16

25

3229

33

3

5

5

6

4

4

0

5

10

15

20

25

30

35

40

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Oct 2016

Tech. dev. SG&A


Cell progression

• Presently producing 4”x4” cells from prototype robotic manufacturing cell assembly system

• Cell size & system configuration driven by extensive cost modeling work

• Targeting 8”x8”x2” commercial cell size, ~500 Wh, testing underway

Commercial Cell Progression

1” cell 4” square 8” square4” circle

prototype

production

development

research

Sectioned Demo 4”x4” cell


< 0.0002% capacity fade on full depth of discharge cycling; thousands of cells tested

0

10

20

30

40

50

60

70

0 500 1000 1500 2000 2500 3000

Ce

ll C

apac

ity

(Ah

)

Cycles

Ambri performance is unique: negligible fade

Ambri cycle life projected to be98% capacity available after 10,000 cycles,

providing decades of useful life and delivering storage for pennies

per kWh stored over life of battery

Assembled in April 2013

> 3.5 years continuous operation at 550 °C (accelerated), ongoing


Ambri manufacturing facility in Marlborough, MA; 19,700 SF to demonstrate processes &

produce first commercial systems

Ambri’s manufacturing

Built & installed prototype cell assembly equipment

with ~6 MWh/year production potential

0

2

4

6

8

10

Li-Ion Ambri

Annual MWh per $ million capital


Beta Core operating with first 36 cell string

Core operating at ~500 °C with 36 cells since Fri Sept 9.

Full Beta core operation with 432 cells scheduled for November.

View inside ‘Core’, racks and powder

separate walls

Beta Core: 36 cells, ~700 hours operation, 60 cycles, 100 kWh cumulative discharge capacity

(h)

(A)

(V)


Container system: 4 towers in 20-foot ISO container

o Capacity: 1.5 MWh

o Rate capability: C/4

o DC:DC Efficiency: under wide range of use cases exceeds 80%

o Response time: milliseconds switching from charging to discharging state

o Voltage: ~500 V

Commercial system design

Up to 1.5MWh in a 20’ ISO shipping container


Global expansion partnership opportunity

Rapid growth through partnerships for selling, producing and deploying Ambri systems

UNITED STATES

BRAZIL

EUROPE

SOUTH AFRICA

CHINA

MEXICO

AUSTRALIA

INDIA

Year 4

deploy 2 GWh/

year

Year 3build 2 to 4

500 MWh/year factories with

each employing ~200

Year 2with 2 to 4 global

partners build manufacturing

facility; initially 125 MWh per year

capacity

Year 1

deliver MWh systems to global

partners for demonstration


Thank you for your interest

To learn more:

• Visit www.ambri.com

• Subscribe to company updates

Phil Giudice

Chief Executive Officer

[email protected]

617.714.5723 ext. 450

David Bradwell

Chief Technology Officer

[email protected]

617.714.5723 ext. 451

Don Sadoway

Co-Founder, Chief Scientific Advisor and Board Member

[email protected]

617.253.3487

Kristin Brief

VP of Corporate Development

[email protected]

617.714.5723 ext. 453


The market for energy storage

Significant growth has happened in the storage market. Storage scale today akin to

solar in 2006: poised for explosive growth.

• Lux Research: $50B by 2020

• Piper Jaffray: $600B market over 10-12

years

• Boston Consulting Group: $400B market

by 2020

• EPRI/DOE: Annual savings of $50B/year

via energy storage

Enormous Market PotentialEnergy Storage

Project Announcements

Source: DOE Energy Storage Database, as of 8/31/2016. Excludes

pumped hydro and compressed air projects.

Sources:

https://portal.luxresearchinc.com/research/report_excerpt/17257, 2014

http://www.eosenergystorage.com/articles/PiperJaffrayEnergyStor2009

-02.pdf, 2009

https://www.bcg.com/documents/file72092.pdf, 2011

http://www.sandia.gov/ess/publications/SAND2013-5131.pdf, 2013

YTD

0

50

100

150

200

250

300

0

1,000

2,000

3,000

4,000

5,000

6,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

er

of

Pro

ject

s

MW

/MW

h

Project announcement year

MW MWh #Projects


Ambri on path to transform global power markets

Source: IEA, World Energy Outlook 2012

Capacity Neededwith and without Storage

PeakDemand

Average Demand

Capacity Today

Capacity with

Storage

hours

MW

Electricity demand worldwide is

increasing as populations and

economies grow.

Massive infrastructure investment

is needed -- $17 trillion; storage

can significantly reduce needed

infrastructure.

Storage will change how electric

systems are engineered –

building to average demand

rather than peak.

$1,849

$5,332

$7,181

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

Transmission Distribution Generation

$ B

illio

ns

Worldwide Investment, 2012-2035

10.1

18.4

31.9

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0

1990 2010 2035

(000s)

TW

h

Global Market, 1990-2035

storing electricity for our futureenergy.mit.edu/wp-content/uploads/2016/11/bradwell-lmb...khosla...

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