Who We Are & What We Do
Solid Power is an industry-leading developer of next-generation all-solid-state battery technology. With considerably higher energy and greatly improved safety, all-solid-state batteries have the potential to revolutionize future mobile power markets.
Our Mission
At Solid Power, we envision a future of clean, sustainable, battery-powered mobility. In order to transition the mass market to this renewable-powered revolution, we believe a better battery is required. We need a new breed of battery that looks, acts, and is built like today’s lithium-ion batteries, but that comes with the benefits consumers and automakers have been seeking for decades: longer life, increased safety and lower costs.
This is the triple threat potential of Solid Power’s all-solid-state platform technology. We want to make this better battery accessible to the total addressable market, which is why we’ve taken a two-pronged approach to develop our business model – providing all-solid-state battery cell technology to Solid Power’s partners and selling sulfide solid electrolytes to those also pursuing a solid-state future.
Solid Power's rise to success
Inception
Founded in 2011 by Doug Campbell, Conrad Stoldt, and Sehee Lee. Spun out from the University of Colorado Boulder with funding from DARPA.
ARPA-E funding
Solid Power and its subcontracting partners receive $4.5mm grant from ARPA-E.
Air Force contract secured
Solid Power won a $2.9mm contract with the Air Force for the development of battery technology.
Exclusive Oak Ridge license secured
The Department of Energy's Oak Ridge National Laboratory and Solid Power sign exclusive agreement.
OEM buy in
In December of 2017, Solid Power announced a partnership with the BMW Group to jointly develop Solid Power’s all-solid-state batteries for EV applications, specifically high performance EVs.
Series A funding
Solid Power announced the closing of its first round of equity-based financing in September of 2018, providing validation and capital from world class partners. Until this point, the company had not raised any equity-based financing.
Pilot production line
Solid Power's continuous process pilot production line becomes operational in Louisville, Colorado.
Rapid innovation
Delivery and validation of 2Ah cells by OEMs in second half of 2020. Production of 320 Wh/kg 20Ah lithium metal cells on production equipment, outperforming commercially available lithium-ion specific energy.
BMW and Ford invest in Solid Power
Solid Power announced a $135 million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies. Ford and the BMW Group also expanded existing joint development agreements with Solid Power to secure all solid-state batteries for future electric vehicles.
Solid Power announces second Denver-area facility
Solid Power announced the addition of a second Denver-area production facility in Thornton, Colorado. The new facility will greatly expand Solid Power’s capacity to produce key materials for its all-solid-state battery cells, including the ability to produce up to 30 metric tons of sulfide-based solid electrolyte material annually, representing a 25x throughput increase to current capacity.
Solid Power partners with SK Innovation
Solid Power announced a partnership with SK Innovation to manufacture automotive-scale all-solid-state batteries under a memorandum of understanding and joint development agreement. Together, the partnership is expected to enable SK Innovation to produce automotive-scale all-solid-state battery cells utilizing Solid Power’s sulfide-based solid electrolyte, proprietary cell designs and production processes.
Solid Power lists on NASDAQ
Solid Power announced the completion of the previously announced business combination following a special meeting of DCRC’s stockholders on December 7, 2021. The combined company retains the Solid Power Inc. name and its common stock and warrants began trading on Nasdaq under the ticker symbol “SLDP” and “SLDP W'' on December 9, 2021.
Meet Our Team
Former President and CEO, Advanced Distributed Sensor Systems, Inc. Seasoned management experience in growth companies. BS (Electrical Engineering), University of Arizona.
Previously served as CFO, Treasurer, and Corporate Secretary at Scott’s Liquid Gold-Inc.(OTC: SLGD) and CEO at Westmoreland Resource Partners, L.P. M.B.A.,University of Utah. B.S. (Accounting), Case Western Reserve.
Previously the Energy Storage Program Manager at ADA Technologies. MS (Mechanical Engineering), Colorado State University.
Previously served as Vice President of Global Research and Development at A123 Systems. Ph.D. (Chemical and Biological Engineering), Colorado State University.
Previously in-house and in private practice as a corporate and securities lawyer. LLM from Georgetown University Law Center and JD from Notre Dame Law School.
Former Director of Research at Navitas Systems. Former Principal Research Scientist at A123 Systems. Ph.D. (Chemistry), Brown University.
Global automotive executive with extensive experience in Engineering, Program Management and Strategy. MS (Mechanical Engineering), University of Dayton, OH.
Previously served as Plant Manager and Head of R&D Center at Dongwha Electrolyte, Research Fellow at OCI Company. Ph.D. (Chemistry), University of California, Davis.
Seasoned Human Resources professional experienced in a variety of industry and high growth environments. BS (Communications), University of Kansas. SHRM-SCP, SPHR.
Working with
Solid Power has extensive partnerships with both BMW and Ford to jointly develop all-solid-state batteries. In October 2021, Solid Power announced a partnership with SK Innovation to produce Solid Power’s automotive-scale all-solid-state battery cells utilizing Solid Power’s sulfide-based solid electrolyte, proprietary cell designs and production processes. The company was initially funded by prominent investors including Hyundai, Volta Energy Technologies, Umicore, Sanoh, A123 Systems and Solvay.
