Cambridge company Ambri raised $35 million in funding from investors including Bill Gates and Khosla Ventures to continue production of its new energy-storing technology, coined “Liquid Metal Battery,” reports Greentech Efficiency. 

The new tech targets challenges in the world’s electrical grids. Ambri claims that it has the potential lower the cost of energy by integrating wind and solar power into the grid.

Areas that rely on these renewable resources stand to benefit from the introduction of Ambri’s tech, which allows for longer lasting storage of Liquid Metal Battery than current options. Companies will be able to stockpile the output of these energy sources for times when they are most needed, improving the efficiency of the process as a whole.

The newfound funding will go to development of Liquid Metal Battery’s storage system, as well as the company’s first full-scale manufacturing facility. Prototype systems will be established in Hawaii as well as the military’s Joint Base Cap Cod.

Ambri has raised $50 million since 2010.

Image via Ambri