Press Release: Gov. Duval Patrick Joins Ambri for Opening of Manufacturing Facility

Press Release: Gov. Duval Patrick Joins Ambri for Opening of Manufacturing Facility
Ambri Also Announces Plans to Deploy an Energy Storage System in Hawaii Next Year

Massachusetts Governor Duval Patrick joined other state and federal officials in a ceremonial ribbon
cutting for Ambri, an innovative electric storage startup company, which opened its first battery manufacturing facility today. At the plant, located in Marlborough, Massachusetts, Ambri will demonstrate the next generation equipment and processes that will provide the foundation for global manufacturing of its low-cost electricity storage systems.

"Ambri's expansion is an example of how a little bit of public investment can catalyze private sector growth and innovation," said Gov. Patrick. "I thank Ambri for choosing to expand in Massachusetts, and congratulate all of the dedicated people of Ambri who made this day happen."

"We are honored that Gov. Patrick is joining us for this celebration," said Phil Giudice, CEO of Ambri, "Ambri was founded with the goal of creating a more efficient, more sustainable, and lower cost electricity system for the entire world. This manufacturing facility is a big step forward toward fulfilling our vision. Here, we will demonstrate that Ambri's "Liquid Metal Batteries can be produced at comparatively low capital cost, and make large-scale energy storage a practical reality."

Ambri's new factory will produce the Company's first prototype systems for deployment in 2014 and 2015. Ambri plans to commission its first full-scale manufacturing facility, which will position the company for worldwide growth. The company will begin athe search for a location for its full-scale manufacturing facility next year.

One of Ambri's first prototype systems produced in Marlborough will be installed at the Joint Base Cape Cod, where it will enable the base to reduce electricity costs, improve power quality and grid
resiliency, and integrate additional onsite renewable generation. That deployment will be funded through the Massachusetts Clean Energy Center's InnovateMass Program.

Ambri also announced today plans to deploy another prototype energy storage system in Hawaii next year. The system will be deployed in partnership with Boston-based renewable energy developer First Wind, with funding from the Hawaii Energy Excelerator which is sponsored jointly by DOE and the Office of Naval Research

"Consumers in Hawaii are plagued by high electricity prices because their generation system is based primarily on diesel fuel. Wind and solar resources paired with energy storage can complete replace the diesel infrastructure, resulting in lower electricity prices and a more reliable grid," said Phil Giudice. "We are excited to work with First Wind and the Hawaii Energy Excelerator team to make this happen."

"Ambri's energy storage technology will help Hawaii integrate more renewable energy sources, like solar and wind, on island grids. As Hawaii transitions from an oil-based electricity system to one fueled by 70% clean energy, the Energy Excelerator is commited to funding the worlds' best innovation needed to get us there," said Dawn Lippert, Founder and Senior Manager of the Hawaii Energy Excelerator.

Ambri is developing a unique electricity storage solution - the Liquid Metal Battery (LMB) - which is unlike any technology available on the market today. Ambri's LMB technology was invested at MIT in the lab of Professor Donald Sadoway. Ambri was founded in 2010 to scale the technology to a commercial product. Ambri's LMB will enable widespread use of renewable energy sources, reduce electricity costs and enable power systems to operate more reliably and efficiently. Ambri's investors include Khosia Ventures, Bill Gates, and Total. More information is available at www.ambri.com.