- CEO
- John C. Van Scoter
- Full Time Employees
- 260
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Address
- 486 S. Pierce Ave. Louisville CO United States of America 80027
- IPO Date
- Dec 9, 2021
- Business
- Solid Power, Inc. is an industry-leading developer and manufacturer of all-solid-state rechargeable batteries, primarily serving the electric vehicle (EV) and mobile power sectors. The company designs and produces high-energy all-solid-state battery (ASSB) cells featuring proprietary sulfide solid electrolytes that replace conventional flammable liquid electrolytes, delivering enhanced safety, higher energy density exceeding 400 Wh/kg, improved thermal stability, and longer cycle life. Its product offerings include high-energy EV cells, modular battery packs for prototyping and evaluation by original equipment manufacturers (OEMs), sulfide-based solid electrolyte materials, and pilot-scale electrolyte manufacturing services. Solid Power also licenses its IP and manufacturing processes to automotive partners to enable localized gigafactory production.
Founded in 2011 and headquartered in Louisville, Colorado, Solid Power operates strategic partnerships and collaborations with major automotive and battery industry players, including BMW, Ford, Samsung SDI, and South Korean battery manufacturer SK On. Recent major developments include a $130 million funding round involving Ford and BMW, a joint evaluation agreement with Samsung SDI and BMW to advance all-solid-state battery commercialization, and successful site acceptance testing of a pilot cell line in collaboration with SK On, with commissioning expected in 2026. The company is progressing detailed design and installation of a continuous electrolyte production pilot line to scale manufacturing capabilities. Solid Power continues to focus on operational efficiency, cost reduction, and innovation to commercialize its battery technology for wider adoption in electric mobility and grid storage markets.
The company holds a liquidity position exceeding $300 million, supporting ongoing research and development and strategic growth initiatives. Solid Power's technology aims to revolutionize battery safety and performance for electrified transportation and sustainable energy applications worldwide, with a focus on scalable manufacturing compatible with existing lithium-ion production lines.
Solid Power is publicly traded on NASDAQ under the ticker SLDPW. Its core business segments include advanced battery cell manufacturing, solid electrolyte materials production, IP licensing, and joint development agreements within the global energy storage and electric vehicle supply chains. The company targets automotive OEMs, battery manufacturers, and energy storage solution providers across North America, Europe, and Asia.
This combination of cutting-edge solid-state battery technology and robust strategic partnerships positions Solid Power as a key competitor in next-generation battery innovation poised for commercialization and mass production in the coming years.