Solid Power Meets All 2021 Milestones with Production of 20Ah Silicon EV Cells
Solid Power Meets All 2021 Milestones with Production of 20Ah Silicon EV Cells
This year has been an exciting and busy one at Solid Power…
In May, Solid Power announced a $135M Series B financing round led by BMW, Ford and Volta Energy Technologies. Ford and BMW also expanded their existing JDAs in order to secure automotive-scale EV solid-state batteries for testing and vehicle integration.
In June, Solid Power announced plans to go public through a merger with Decarbonization Plus Acquisition Corporation III (DCRC).
In September, we announced plans to quadruple our production footprint with a second Denver-area production facility.
In October, we partnered with SK Innovation to jointly produce Solid Power’s all-solid-state batteries as part of the automotive qualification process. SK Innovation also announced its investment of $30 million in Solid Power through the DCRC PIPE transaction.
And in December, Solid Power officially began trading on Nasdaq as $SLDP after completing the business combination with Decarbonization Plus Acquisition Corporation III.
But the year is not over yet…. Today, we are thrilled to announce that we have met all of our 2021 milestones after beginning to produce 20Ah Silicon EV Cells on Solid Power’s Louisville, CO-based MWh-scale pilot production line.
Our pilot production line has been a workhorse that has enabled Solid Power to produce both Silicon EV Cells and Lithium Metal EV Cells in form factors including .2Ah, 2Ah and now 20Ah.
In 2022, we plan to commission our fully operational “EV Cell Line,” which we expect to be capable of producing up to 100Ah cells. At this time, we are still on track to begin producing “A Sample” cells in the middle of 2022. Until then, we plan to continue building 20Ah Silicon EV Cells and collecting and analyzing performance data.
Next year will be a pivotal chapter in Solid Power’s story as we expect to formally enter the automotive qualification process. But after a busy 2021, we are all ready to recharge our own batteries so we can bring our A game to kick off the New Year. We have set ambitious goals that we intend to meet. Until then, all of us at Solid Power wish you a joyous holiday season!