It produces half the voltage of a typical lithium battery but the scientists believe they will improve output within the next few years.
"Our battery has everything you'd dream a battery should have: inexpensive electrodes, good safety, high-speed charging, flexibility and long cycle life," said Hongjie Dai, professor of chemistry at Stanford University.
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"We have developed a battery that may replace existing storage devices, such as alkaline batteries, which are bad for the environment, and lithium-ion batteries, which occasionally burst into flames.
"Millions of consumers use 1.5-volt AA and AAA batteries," he said. "Our rechargeable aluminium battery generates about two volts of electricity.
"Lithium-ion batteries used in millions of laptops and smartphones take a long time to charge and are so volatile some airlines no longer accept them on passenger flights.
"The electrolyte is basically a salt that's liquid at room temperature, so it's very safe," added Stanford graduate student Ming Gong."Our new battery won't catch fire, even if you drill through it," added Prof Dai."Another feature is flexibility. You can bend it and fold it. Aluminium is also a cheaper metal than lithium."
The research was published in the journal Nature.