Solid Power Receives DOE Award to Develop Nickel- and Cobalt-Free Batteries
12 Janvier 2023 - 2:00PM
Solid Power, Inc. (Nasdaq: SLDP) announced today that it received
notification of an award from the U.S. Department of Energy (DOE)
ARPA-E group to continue its development of nickel- and cobalt-free
solid-state battery cells. Solid Power expects to receive up to
$5.6 million to develop battery cells containing a lithium metal
anode and sulfur composite cathode to enable improved energy and
charging performance.
“Replacing costly nickel and cobalt in the cathode with sulfur
could lead to a lower cost EV battery with improved energy and
fast-charging capabilities,” said David Jansen, Interim CEO,
President and Chair of Solid Power. “I’d like to thank the Solid
Power development team for their outstanding work and the DOE for
their continued confidence in our company’s value proposition.”
The DOE recently announced $42 million in funding for 12
projects to strengthen the domestic supply chain for advanced
batteries that power electric vehicles (EVs), with Solid Power’s
award being a portion of this funding. Projects selected for
the Electric Vehicles for American Low-Carbon Living (EVs4ALL)
program aim to expand domestic EV adoption by developing
batteries that last longer, charge faster, perform efficiently in
freezing temperatures and have better overall range retention.
About Solid Power, Inc.
Solid Power is an industry-leading developer of all-solid-state
rechargeable battery cells for electric vehicles and mobile power
markets. Solid Power replaces the flammable liquid electrolyte in a
conventional lithium-ion battery with a proprietary sulfide-based
solid electrolyte. As a result, Solid Power's all-solid-state
battery cells are expected to be safer and more stable across a
broad temperature range, provide an increase in energy density
compared to the best available rechargeable battery cells, enable
less expensive, more energy-dense battery pack designs and be
compatible with traditional lithium-ion manufacturing processes.
For more information,
visit http://www.solidpowerbattery.com/.
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than statements of present or historical fact contained herein are
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including Solid
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plans, market opportunity, future operations, future operating
results, estimated revenues, losses, projected costs, prospects,
plans and objectives of management, expectations regarding
management transitions and expectations regarding the impact of the
COVID-19 pandemic on our business and industry. These
forward-looking statements are based on management’s current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law,
Solid Power disclaims any duty to update any forward-looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
hereof. Readers are cautioned not to put undue reliance on
forward-looking statements and Solid Power cautions you that these
forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of Solid Power, including the
following factors: (i) risks relating to the uncertainty of the
success of our research and development efforts, including our
ability to achieve the technological objectives or results that our
partners require, and to do so in advance of the development of
competing technologies; (ii) risks relating to the non-exclusive
nature of our original equipment manufacturers and joint
development agreement relationships; (iii) our ability to negotiate
and execute supply agreements with our partners on commercially
reasonable terms; (iv) our ability to protect our intellectual
property, including in jurisdictions outside of the United States;
(v) broad market adoption of electric vehicles and other
technologies where we are able to deploy our all-solid-state
batteries, if developed successfully; (vi) our success in retaining
or recruiting, or changes required in, our officers, key employees,
including technicians and engineers, or directors; (vii) risks and
potential disruptions related to management transitions; (viii)
changes in applicable laws or regulations; (ix) risks related to
technology systems and security breaches; (x) the possibility that
COVID-19 or a future pandemic may adversely affect our results of
operations, financial position and cash flows; (xi) the possibility
that we may be adversely affected by other economic, business or
competitive factors, including supply chain interruptions, and may
not be able to manage other risks and uncertainties; (xii) risks
relating to our status as an early stage company with a history of
financial losses, and an expectation to incur significant expenses
and continuing losses for the foreseeable future; (xiii) rollout of
our business plan and the timing of expected business milestones;
(xiv) the termination or reduction of government clean energy and
electric vehicle incentives; (xv) delays in the construction and
operation of production facilities; and (v) changes in domestic and
foreign business, market, financial, political and legal
conditions. Additional information concerning these and other
factors that may impact the operations and projections discussed
herein can be found in the “Risk Factors” section of Solid Power’s
Annual Report on Form 10-K for the year ended December 31, 2021 and
other documents filed by Solid Power from time to time with the
SEC, all of which are available on the SEC’s website at
www.sec.gov. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Solid Power gives no assurance that it will achieve its
expectations.
Solid Power Contact Information
For Media:Will McKennaMarketing Communications Director(720)
598-2877press@solidpowerbattery.com
For Investors:Kevin PaprzyckiChief Financial Officer1 (800)
799-7380investors@solidpowerbattery.com
Website: www.solidpowerbattery.comTwitter:
https://twitter.com/SolidPowerIncLinkedIn:
https://www.linkedin.com/company/solid-power
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