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Solid Power
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Short description

Developer of all-solid-state rechargeable batteries for electric vehicles and mobile power markets

Founded in 2012
Founded in

Company type Public Public (SLDP)
Company type

Industry Group energy & power

Sector energy storage

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Louisville, CO Louisville, United States
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Parent Companies

Updated by Alexandra Gold at Solid Power, Inc on 11/12/2020

Edited by Cleantech Group on 01/17/2025

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Date Company
Partnerships
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Date Partner Type
01/19/2024
SK On SK On
SK On and Solid Power partner to accelerate all-solid-state battery development.
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Confirmed by SK On
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IPO INFORMATION

Date

12/10/2021

IPO status

Listed

IPO Type

SPAC

Amount

$350M

Initial shares

Ticker symbol

SLDP

Exchange listed

NASDAQ

Prospectus URL

Prospectus

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Description

Solid Power listed on the Nasdaq through SPAC merger With Decarbonization Plus Acquisition Corporation III. Gross proceeds to Solid Power from the transaction of $542.9 million from fully committed $195 million PIPE and $347.9 million of cash held in trust net of redemptions. Company is valued at $1.2 billion.

Date Investors Type Amount
01/11/2023 Advanced Research Projects Agency - Energy (ARPA-E) Advanced Research Projects Agency - Energy (ARPA-E) (1)
Post-money valuation of
The funds will be used to develop a 3D-structured Li metal anode and novel sulfur (S) composite cathode to enable high-energy and fast-charging EV battery cells.
Grant $5,600,000
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Products
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Product image Name Product status Revenue model Cost metrics

Solid State Rechargeable Battery

Solid-state battery composed of a high capacity composite iron-sulfur cathode and high capacity lithium metal anode in combination with a solid separator. Solid Power's batteries claim to provide substantially higher energy than conventional lithium-ion batteries (2-3X greater) while offering lower costs and improved safety as the battery does not contain any flammable or volatile materials.

Concept Products - Wholesale
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