Solid Power Inc.

Company Overview

Solid Power is among the leading developers of all-solid state batteries focused on delivering next-generation rechargeable batteries for the rapidly growing EV and other market applications. The company banks on its proprietary sulfide-based solid electrolyte material, offering lower costs, extended battery life, improved driving range, and enhanced safety compared to traditional lithium-ion batteries. It has secured strategic partnerships with automotive OEMs and battery manufacturers such as BMW, Ford, and SK On to test and validate its battery systems to accelerate the commercialization of its technology.

Solid Power’s products are currently in development, focusing on continuous development, testing, and validation before commercializing its cell technology or the electrolyte. In 2020, the company started its pilot production line in Louisville, Colorado, to produce its first EV cells for delivery to OEMs for validation.

Financial Highlights (FY 2024)

Company's Business Segments

• Rechargeable Batteries : The company offers solid-state rechargeable battery technology, primarily for the electric vehicle (EV) market. It replaces liquid electrolytes with a sulfide-based solid electrolyte to achieve safer and more energy-dense batteries.