"Sadoway, who is also the John F. Elliott professor
of materials chemistry at Massachusetts Institute of
Technology, wouldn’t say what goes into liquid-metal
batteries."
Here's a description from an earlier article -- same idea with different materials: "After hitting upon the idea of the liquid-metal
battery, Sadoway searched for the perfect electrodes:
he ended up choosing magnesium and antimony because
they are cheap and separate naturally when in liquid
form, the lighter magnesium rising to the top. A
liquid-salt electrolyte rests between the magnesium
and antimony electrodes, creating a cell with three
layers."
http://www.technologyreview.com/featuredstory/511081/amSo it's a chemical battery where the electrodes are liquids. (FWIW: Magnesium melts at 650 °C).
http://www.ted.com/talks/donald_sadoway_the_missing_link_to_...
What I find so clever is that the containment is about as simple as a "hot bucket", hot enough to keep the anode, electrolyte and cathode always molten. The are materials chosen so that their different densities keep them separated physically in operation. No membranes, easy scalability.
[1] http://spectrum.ieee.org/energywise/energy/the-smarter-grid/...
It's an electrochemical cell - I know some people who've worked on the project and IIRC some of the main benefits are lower material cost / kWh and improved lifetime as the liquid metal "electrodes" don't degrade the same ways solid ones do.