Solid power presentation

What is solid power?

Solid Power is developing solid-state battery technology to enable the next generation of batteries for the fast-growing EV and other markets.

Will solid power achieve its expectations?

Solid Power gives no assurance that it will achieve its expectations. Solid Power, Inc. (Nasdaq: SLDP), a leading developer of solid-state battery technology, today announced its operational and financial results for the full year 2024 and provided its outlook and objectives for 2025.

What is solid power's business model?

Solid Power’s business model – selling its electrolyte to cell manufacturers and licensing its cell designs and manufacturing processes – distinguishes the company from many of its competitors who plan to be commercial battery manufacturers.

How does solid power work?

“Rather than using carbon in the anode with silicon as an additive, Solid Power is able to use compositions with more than half silicon by weight including the weight of the solid electrolyte. This enables volumetric energy densities on par with lithium metal along with specific energy that far exceeds that of conventional lithium-ion.”

What is a solid power battery?

As a result, Solid Power's all-solid-state batteries are designed to be safer, more stable at high temperatures, offer higher energy and provide a lower cost alternative to today’s best available lithium-ion batteries, all while being produced with traditional lithium-ion manufacturing processes. There are no events scheduled.

How did solid power perform in 2024?

Solid Power delivered $20.1 million in revenue during 2024, an increase of $2.7 million compared to 2023. This increase is driven primarily by our performance on the SK On Agreements, with strong execution on key steps in the transfer of our technology and major milestones connected to our line installation agreement.