Group14 to build battery material factory in Sagunt. US battery material manufacturer Group14, which specializes in silicon anodes, will in future also produce in Europe. The commitment to establish a production site in Spain is directly linked to a new capital increase - specifically, with a European investor. By Cora Werwitzke 30.10.2026 - 14:30 Group14 is a battery material developer specialising in silicon-carbon anodes, based in Woodinville, Washington, USA. One of the US startup's most important investors and cooperation partners is Porsche. Following a previous funding round in the summer of 2025, during which Porsche also made an additional investment, the company has now announced the completion of another capital increase. Specifically, this involves €150 million from an unnamed investor. What makes this particularly interesting is that, in return for this capital increase, Group14 has committed to expanding its so-called 'SCC55' production to Europe. The location decision has already been made: the company has selected Sagunt in Spain as the site "for its next industrial-scale manufacturing module with an initial 10 GWh capacity," Group14 announced. By establishing a production site in Spain, the company aims to position its battery materials "directly adjacent to key European OEM supply chains." In the context of Sagunt, PowerCo immediately comes to mind. The Volkswagen subsidiary is known to be building one of its major battery cell factories in this city. In the future, the plant is set to become a joint venture project involving Gotion High-tech. Given its close connection to Porsche, Group14 could naturally play a role in Volkswagen's future battery ecosystem. The unnamed investor mentioned could therefore be from the Volkswagen Group or its environment. This conclusion seems plausible but remains unconfirmed. Regardless, Group14's SCC55 material has, according to the developers, already "commercial traction in applications such as smartphones, drones, hypercars, and eVTOL". In the future, it is also set to be used in EV batteries. The main feature of the new material is that it enables the use of silicon-carbon anodes instead of the usual graphite in lithium-ion batteries. This battery ingredient is therefore set to be produced at a rate of 10 GWh per year in Spain. This would increase the short-term total production capacity to 40 GWh, according to an accompanying statement. In addition to a commercial pilot plant in Woodinville that has been operational since 2021, Group14 operates another site in Sangju, Korea (with 10 GWh) and plans to open two 10-GWh facilities in Moses Lake, Washington, USA, in 2027. For the next decade, the company aims to build production capacities to the order of "hundreds of gigawatt-hours," according to its own statements. Rick Luebbe, CEO and co-founder of Group14 Technologies, summarises: "To truly transform the energy economy, battery material producers must be located where the batteries are made. Our expansion into Spain reflects our vision: staying nimble, building near key customer hubs, and maintaining secure, localised supply chains." With the new funding commitment of €150 million (approximately $169 million), the total volume of Group14's Series D funding round has now exceeded $665 million, according to the company. As previously reported, the startup already raised $463 million from various investors in 2025. The Series D round thus spanned nearly a year and a half. Regarding Group14's close ties to Germany, here is a brief digression: In 2022, Porsche first invested in the startup as part of the Series C funding round, contributing $100 million to the then $400 million capital injection. At the time, Porsche also announced that Group14 would supply battery materials to its battery subsidiary Cellforce (DE). However, Porsche announced earlier this year that it would completely shut down Cellforce. Meanwhile: in 2023, Group14 acquired the German company Schmid Silicon, which operates a monosilane gas production facility in the Schwarze Pumpe industrial park on the border between Saxony and Brandenburg. Monosilane gas is an important precursor for Group14's silicon battery technology. In 2025, V4Smart - Porsche's renamed and acquired Varta battery subsidiary - unveiled its second-generation battery cell and announced that it would use Group14's new anode material in this cell. Shortly before, German battery cell manufacturer CustomCells had also signed a supply agreement with Group14, though the company went insolvent just a few months later. Another important partnership for Group14 in Germany is with the chemical company BASF. Earlier this year, both companies unveiled a market-ready silicon anode solution designed to replace graphite in lithium-ion batteries. This involves combining BASF's binder Licity 2698 X F with Group14's advanced silicon anode material, SCC55. group14.technology 0 comments. about "Group14 to build battery material factory in Sagunt"

Group14 closes a €150 million Series D extension to accelerate its global production capacity. Oct 29, 2026, 08:16 ET * Funding from a new, unnamed investor brings Group14's Series D round to more than $665 million * The funding enables construction of Group14's third large-scale production site for battery active materials ("BAM"), BAM-4, in Spain * BAM-3 in Korea is already operational and is being scaled up. BAM-2 in the U.S. is expected to start production in the first half of 2027 WOODINVILLE, Washington, Oct. 29, 2026 /PRNewswire/ - Group14 Technologies, the world's leading manufacturer and supplier of advanced silicon battery materials, today announced that it has closed an additional €150 million (approximately US$169 million) equity financing as part of its Series D round. As part of the financing, Group14 has committed to expanding production of SCC55(R) into Europe, selecting Sagunto, Spain, as the location for its next industrial-scale production module, with an initial capacity of 10 GWh. With BAM-4, Group14's total production capacity will soon amount to 40 GWh. This includes one module at BAM-3 in Sangju, Korea (10 GWh), which is currently operational and being scaled up, and two modules at BAM-2 in Moses Lake, Washington (20 GWh), which are expected to start production in 2027. Group14 has also operated a commercial pilot plant in Woodinville, Washington (BAM-1) since 2021. From this location, the company has supplied SCC55 to more than 150 customers. Group14 aims to realize hundreds of gigawatt-hours of production capacity over the coming decade. With an operational base in Spain, Europe's second-largest car-producing country, Group14 is bringing its battery materials directly close to key European OEM supply chains. With this expansion, Group14 strengthens its position as the world's most geographically diversified producer of silicon battery material. This offers a strategic advantage: it protects global battery supply chains against regional disruptions, shortens time-to-market and ensures direct, local support for key partners in the automotive, technology and manufacturing sectors in North America, Asia and Europe. This additional financing strengthens Group14's leading position in the silicon battery sector. The financing also highlights the company's growing global presence and its commitment to securing critical mineral supply chains on behalf of its customers. Group14's innovations are supported by a global patent portfolio of more than 200 patents. Thanks to this technology, the flagship material SCC55 delivers breakthrough battery performance and is already gaining commercial traction in applications such as smartphones, drones, hypercars and eVTOLs. "To truly transform the energy economy, battery material manufacturers must be located in the places where batteries are made," said Rick Luebbe, CEO and co-founder of Group14 Technologies. "Our expansion into Spain reflects our vision: stay agile, build sites near key customer locations and maintain secure, local supply chains. The start of BAM-4 provides us with a springboard to accelerate our presence in Europe while further driving our global growth trajectory in the U.S. and Asia." While the €150 million investment anchors Group14's European base, the capital also serves as a broader strategic catalyst: it fuels the company's global expansion, increases production capacity and helps meet demand from leading manufacturers in the automotive, consumer electronics, data center, aerospace and defense industries. About Group14 Technologies Group14 Technologies is the world's leading manufacturer of advanced silicon battery materials. The company accelerates the electrification of diverse applications, from electric vehicles and consumer electronics to AI-driven technologies. Its flagship material SCC55(R), a silicon-carbon material, delivers higher energy density and shorter charging times, regardless of battery chemistry. Group14 supports customers that together represent more than 95% of global lithium-ion battery production. The company operates commercial-scale production facilities in the U.S., Europe and Asia to drive the global transition to the silicon battery era.

Group14 closes €150M Series D extension to accelerate global manufacturing footprint. Oct 29, 2026, 08:00 ET * The funding provided by a new, undisclosed investor increases Group14's Series D round to over $665 million * Unlocks Group14's third large-scale Battery Active Materials site (BAM-4) to be built in Spain * BAM-3 in Korea is already operational and scaling, with BAM-2 in the US expected to come online in H1 2027 WOODINVILLE, Wash., Oct. 29, 2026 /PRNewswire/ - Group14 Technologies, the world's leading manufacturer and supplier of advanced silicon battery materials, today announced the close of a €150 million (~$169 million USD) Series D equity extension. As part of the funding, Group14 has committed to expanding its SCC55(R) production into Europe, selecting Sagunto, Spain, for its next industrial-scale manufacturing module with an initial 10 GWh capacity. BAM-4 will bring Group14's total near-term manufacturing footprint to 40 GWh of capacity, inclusive of one module at BAM-3 in Sangju, Korea (10 GWh) which is currently operational and scaling, and two modules at BAM-2 in Moses Lake, Washington (20 GWh) which are expected to start producing in 2027. Group14 has also operated a commercial-pilot facility in Woodinville, Washington (BAM-1) since 2021, from which it has delivered SCC55 to over 150 customers. Group14 has the vision to deploy hundreds of gigawatt-hours of manufacturing capacity over the next decade. By establishing an operational base in Spain, Europe's second-largest automotive manufacturing country, Group14 positions its battery materials directly adjacent to key European OEM supply chains. This expansion cements Group14 as the most geographically dispersed silicon battery material producer in the world - a strategic advantage that insulates global battery supply chains from regional disruptions, accelerates time-to-market, and ensures direct, localized support for key automotive, tech, and manufacturing partners across North America, Asia, and Europe. This follow-on funding reinforces Group14's leadership in the silicon battery sector. It also underscores the company's expanding global footprint and its commitment to secure critical mineral supply chains on behalf of its customers. Group14's innovations are backed by a global patent portfolio of more than 200 patents. Leveraging this technology, its flagship SCC55 material delivers breakthrough battery performance, already earning commercial traction in applications such as smartphones, drones, hypercars, and eVTOLs. "To truly transform the energy economy, battery material producers must be located where the batteries are made," said Rick Luebbe, CEO and Co-Founder of Group14 Technologies. "Our expansion into Spain reflects our vision: staying nimble, building near key customer hubs, and maintaining secure, localized supply chains. The launch of BAM-4 gives us the springboard to accelerate our European footprint while simultaneously propelling our global growth trajectory across the U.S. and Asia." While the €150M investment anchors Group14's European foothold, the capital serves a broader strategic catalyst: driving the company's global expansion to scale manufacturing capacity, meeting demand from top-tier automotive, consumer electronics, datacenter, aerospace, and defense manufacturers. About Group14 Technologies Group14 Technologies is the leading global manufacturer of advanced silicon battery materials, accelerating the electrification of everything from electric vehicles and consumer electronics to AI-enabled technologies. Its flagship silicon-carbon material, SCC55(R), delivers higher energy density and faster charging speeds for any battery chemistry. Supporting customers representing over 95% of global lithium-ion battery production, Group14 operates commercial-scale manufacturing facilities across the U.S., Europe, and Asia to power the worldwide transition to the silicon battery era.