Solid Power (SLDP) H.C. Wainwright 28th Annual Global Investment Conference summary

Company overview and technology focus

• Specializes in advanced battery materials, particularly all-solid-state batteries using sulfide electrolytes.

• Employs a scalable wet process for electrolyte manufacturing, reducing CapEx compared to competitors.

• Maintains a unique feedback loop to test and validate electrolyte performance in battery cells.

• Partnerships with major industry players, including BMW, SK On, Samsung SDI, and others.

• Applications extend beyond EVs to humanoids, drones, aviation, and industrial vehicles.

Product advantages and market validation

• Sulfide solid electrolytes replace liquid electrolytes, improving energy density, safety, and battery life.

• Enables existing lithium-ion battery factories to retrofit without new equipment.

• Market validation through adoption by leading battery and automotive companies globally.

• Demonstrated use in demo cars, with broader fleet adoption expected in the early 2030s.

• Rapid innovation cycle supported by AI-driven modeling and a dedicated Electrolyte Innovation Center.

Scaling, financials, and future plans

• Current pilot scale produces 30 metric tons annually, scaling to 75 metric tons by year-end.

• Plans for a 500 metric ton plant in Korea by 2028, with further expansion in 2,000 metric ton increments.

• Cost reductions expected with scale, aiming for parity with existing lithium-ion battery electrolytes.

• Strong financial position with nearly $420 million in cash, no debt, and disciplined spending.

• Leveraging external funding, including a $50 million DOE grant and shared CapEx with Korean partners.