Solid Power develops and produces all-solid-state battery cells aimed at enhancing the performance of electric vehicles (EVs). These batteries are designed to be safer, provide higher energy density, and be more cost-effective than traditional lithium-ion batteries. The technology utilizes sulfide-based solid electrolytes, which allow for efficient ion movement and easier manufacturing, resulting in lighter battery packs with longer ranges and lower costs. Solid Power distinguishes itself from competitors by focusing on this specific electrolyte technology and forming partnerships with major automotive companies like BMW and Ford. The company's goal is to advance energy storage solutions to support the growth of electric mobility.

BMW i Ventures

Solvay

Cradle

A123 Systems

Samsung Ventures

Ford Motor

Volta Energy Technologies

Koch Industries

Neuberger Berman

Neuberger Berman Group

VanEck

Riverstone Energy

Decarbonization Plus Acquisition Corporation

US Department of Energy

National Science Foundation

ARPA-E

Automotive & Transportation

Energy

Solid Power

Solid-state batteries are an emerging technology that is expected to revolutionize energy generation and storage. These batteries have the potential to redefine how we power our electric vehicles (EVs) and even smartphones by being safer, charging faster, and storing more energy.These batteries convert chemical energy into electrical energy by using a solid electrolyte, which is a material involving a solid matrix with high ionic conductivity, to move lithium ions from one electrode to the other. This is unlike the currently popular lithium-ion batteries, which use liquid or gel electrolytes.Having a solid electrolyte allows these batteries to have a long shelf life because solid systems are more stable, can operate efficiently over a wider temperature range, and are non-flammable, making them safer.But while solid-state batteries offer greater durability, versatility, and a higher energy capacity, they are not widely produced yet. That is because of the challenges they face in terms of cost and scalability, which researchers are actively trying to overcome. Several companies are also investing heavily in the hopes of taking it commercially in the next few years.Best Investable CompaniesSo, let's take a look at some prominent companies, their unique technology, financial performance, and how far their tech is from reaching the market.The California-based QuantumScape Corporation is one of the best ones out there when it comes to the development and commercialization of solid-state lithium-metal battery technology for EVs. Their focus is on making battery production economical and accessible for adoption in various markets, including consumer electronics.The company's battery technology is designed to offer faster charging, greater energy density, and enhanced safety.Making a battery better than lithium-ion, however, isn't easy; rather, as QuantumScape's chief technology officer Tim Holme has pointed out, it's “really hard.” It actually took them $100 mln and five years just to choose the right material for the solid electrolyte

5 Best Solid-State Battery Stocks To Watch Or Buy

Solid Power in Thornton got $50 million from a program managed by the U.S. Department of Energy's Office of Manufacturing and Energy Supply Chains.

Colorado company receives $50 million to boost clean battery production

Solid Power is developing solid-state battery technology to enable the next generation of batteries for the fast-growing EV and other markets.

Solid Power Selected by U.S. Department of Energy for Up to $50 Million Award Negotiation for Continuous Production of Sulfide-based Solid Electrolyte Materials for Advanced All-Solid-State Batteries

Solid Power (NASDAQ:SLDP) earns "buy" Rating from Needham & Company LLC.

Solid Power (NASDAQ:SLDP) Earns "Buy" Rating from Needham & Company LLC

Solid Power Announces Upcoming Investor Conference Participation

Solid-state batteries, which are used in smartphones, power tools, and EVs, differ from Li-ion batteries in their use of electrolytes. While a Li-ion battery uses a liquid electrolyte, a solid-state battery uses a solid electrolyte.In the case of Li-ion batteries, a separator is present to keep the cathode and anode apart. In solid-state batteries, the solid electrolyte plays the role of the separator as well.While these are mere distinguishing features, the scientific and technological community developed solid-state batteries because they have improved stability with a solid structure and increased safety. They continue to work on them since these batteries maintain their form even if the electrolyte is damaged.A solid-state battery comes with a higher energy density and hardly runs a risk of explosion or fire. Since it does not require the support of safety components, more space is available to insert active materials, increasing battery capacity. The improved energy density also ensures that the need for batteries remains low, resulting in an optimum EV battery system for the module and pack.For these benefits, primarily, the market experts believe that solid-state batteries will emerge as a game changer in making EVs compete with ICEVs and, eventually, move ahead in the race

Work Continues On Solid-State Batteries As Researchers Focus On Essentials

LOUISVILLE - Solid Power Inc. (Nasdaq: SLDP), a Louisville-based developer of solid-state battery technology, has appointed Linda Heller as the company's chief financial officer and treasurer, effective immediately.

Solid Power names CFO, reaffirms 2024 outlook

Background: Solid Power (SLDP) is developing all-solid-state battery cell technology that replaces the liquid or gel electrolytes used in conventional lithium-ion battery cells with a sulfide-based solid electrolyte.

EV battery developer Solid Power is tipped by Chardan to triple in share price

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google NewsSolid state batteries were not supposed to happen until the end of the decade, but it sure looks like they are happening now. The new technology is billed as a next-generation improvement on the familiar lithium-ion EV batteries. A solid state battery offers more range, faster charging, longer lifecycle, improved safety, less supply chain risk, and enhanced recycling opportunities. So, what’s not to like?Prologium Pushes The Solid State Battery EnvelopeThe latest solid state battery news comes from Taiwan, where the startup ProLogium is already pushing out its giga-scale solid state battery line at its Taoke factory in Taoyuan for delivery to electric vehicle manufacturers this year. Plans are also coming in hot for a second factory in France.The big question is how to manufacture a solid state battery at an economical cost, and at scale

Even More Bad News For Fossil Fuels: Solid State Battery Gigafactories Are Here

It is reported that SK On has signed a technology transfer agreement with Solid Power on the concluded CES 2024.

Accelerate the development of solid-state batteries, SK On signs a technology transfer agreement with Solid Power

Develops all-solid-state battery cells for EVs

Solid Power

Develops all-solid-state battery cells for EVs

Solid Power

Develops all-solid-state battery cells for EVs

About

Simplify's Take

What believers are saying

What critics are saying

What makes Solid Power unique

6 month growth

1 year growth

2 year growth

Benefits

Recently Posted Jobs

Solid Power is Hiring for 0 Jobs on Simplify!