Ambri Advances Collaboration With Xcel Energy For First Utility Deployment Of Liquid Metal Battery System
Portfolio Pulse from Happy Mohamed
Ambri has signed its first agreement with a utility provider, Xcel Energy, to test its 300kWh Liquid Metal battery system at SolarTAC in Aurora, Colorado for a period of 12 months. The system is expected to be fully operational in 2024. This collaboration represents the first field-deployed utility pilot system for Ambri and the initial evaluation of these batteries by a major U.S. utility. Xcel Energy plans to develop a follow-on Memorandum of Understanding (MOU) for larger-capacity long-duration energy storage projects.
July 19, 2023 | 1:10 pm
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Xcel Energy's partnership with Ambri for the deployment of the Liquid Metal battery system could enhance its renewable energy portfolio and contribute to its goal of providing zero carbon electricity by 2050.
The partnership with Ambri allows Xcel Energy to test a potentially transformative energy storage technology. If successful, this could significantly enhance Xcel's renewable energy capabilities and contribute to its long-term goal of zero carbon electricity. This is likely to be viewed positively by investors, potentially leading to a short-term increase in Xcel's stock price.
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