Solid Power

Solid Power, Inc. engages in the manufacture and supply of power batteries. The company is headquartered in Louisville, Colorado and currently employs 230 full-time employees. The company went IPO on 2021-03-24. The firm is focused on producing and distributing sulfide-based solid electrolyte material for powering both EVs and other applications. Its core technology is its electrolyte material. Its core technology is a sulfide-based solid electrolyte material, which replaces the liquid or gel electrolyte used in traditional lithium-ion battery cells. The firm's planned business model is to sell its electrolytes and to license its cell designs and manufacturing processes. The company is engaged in producing solid-state cells ranging from 0.2 Ah to 60 Ah on pre-pilot and pilot cell manufacturing lines. The firm manufactures all of its cell designs themselves, including its cathodes and anodes, using materials sourced from external suppliers. The cells it produces are used to improve the performance of its electrolytes and support its partners' cell development programs.