Solid Power Investor Relations Material

Solid Power is an American company that specializes in the development and manufacturing of all-solid-state batteries, a technology poised to revolutionize the energy storage sector. Founded in 2012, this U.S.-based company focuses on creating batteries that are safer, more reliable, and capable of higher energy density compared to traditional lithium-ion batteries. These innovations are particularly relevant for electric vehicles (EVs), and Solid Power collaborates with established automotive manufacturers to integrate its technology into next-generation electric vehicles. The company is headquartered in Louisville, Colorado, and its shares are listed on the Nasdaq.

Solid Power was founded in 2011 by Doug Campbell, Sehee Lee, and Conrad Stoldt. The company was initially set up at the University of Colorado Boulder but was spun out into a company with funding from the Defense Advanced Research Projects Agency (DARPA). The following years were marked by research funded by grants, as well as by a contract with the US Air Force. In 2017, the company entered a partnership with BMW to develop solid-state batteries for use in high-performance EVs. The first outside round of funding came in 2018 with Samsung, Ford, and several others providing capital for Solid Power to Continue to grow. The company went public in 2021.

Solid Power specializes in the development of all-solid-state batteries (ASSBs), which are distinct from traditional lithium-ion batteries. These batteries use a solid electrolyte instead of the liquid or gel electrolytes found in conventional batteries. This solid electrolyte is typically made from ceramics or other non-flammable materials, enhancing safety by reducing the risk of fire or explosion. ASSBs offer higher energy density, which translates to longer battery life and extended range for applications like electric vehicles. Furthermore, Solid Power's technology improves charging speeds and operational temperature ranges, making these batteries more versatile and robust.

Solid Power'ASSBs find application primarily in the EV sector. Their higher energy density and enhanced safety features make them ideal for powering EVs, Additionally, these batteries hold promise for use in consumer electronics, where their improved safety and longevity could be crucial. Solid Power's technology is also being researched for use in aerospace and defense.