{"id":40227,"date":"2023-01-12T11:37:05","date_gmt":"2023-01-12T16:37:05","guid":{"rendered":"https:\/\/autosector.com\/?p=40227"},"modified":"2023-01-12T11:37:05","modified_gmt":"2023-01-12T16:37:05","slug":"solid-power-awarded-millions-from-us-dept-of-energy-to-build-solid-state-batteries","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=40227","title":{"rendered":"Solid Power awarded millions from US Dept. of Energy to build solid-state batteries"},"content":{"rendered":"
\n\t\t\"Solid
\n\t<\/figure>\n

Solid-State battery developer Solid Power continues to rally financial support to help scale its nickel- and cobalt-free cells for EVs. This week, the United States Department of Energy<\/a> announced it is awarding over $5 million to help Solid Power continue developing its technology which could significantly help lower the price of EV batteries.<\/p>\n

<\/p>\n

Solid Power\u00a0($SLDP)<\/a>\u00a0is a US-based battery developer that specializes in solid-state, sulfide-based electrolyte technology that it hopes to scale in order to bring more energy-dense cells to the EV world at or near cost parity to current lithium-ion batteries.<\/p>\n

Since being spun out of a program at University of Colorado in 2011, legacy automakers like Ford and Hyundai\u00a0have invested in Solid Power<\/a>, in addition to a\u00a0partnership with SK Innovation<\/a>\u00a0announced in October of 2021. Last June, Solid Power announced a solid-state battery\u00a0pilot production line<\/a>\u00a0ahead of a timeline to deliver the cells to both Ford and BMW by the end of 2022.<\/p>\n

In mid-December, Solid Power announced it would co-develop its solid-state technology in the US alongside longtime partner BMW<\/a>, who will implement its own assembly lines overseas with the goal of fast-tracking development toward scaled cell production, as part of the deal agreed to pay $20 million to license the technology.<\/p>\n

Now, the battery developer has gained an even larger financial cushion to continue its research, following an award from the US Department of Energy (DOE). <\/p>\n

\"Solid
Source: Solid Power<\/figcaption><\/figure>\n

Solid Power further bolstered by award from US DOE<\/h2>\n

After the US Dept. of Energy announced its award (up to) $5.6 million to Solid Power on Wednesday, the energy-dense cell developer delivered a release of its own<\/a>, commenting on the financial support from Uncle Sam. The battery company\u2019s interim CEO, president, and chair David Jansen shared a statement:<\/p>\n

\n

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. I\u2019d like to thank the Solid Power development team for their outstanding work and the DOE for their continued confidence in our company\u2019s value proposition.<\/p>\n<\/blockquote>\n

The over $5 million recently awarded to Solid Power is part of a $42 million package that the DOE is using to financially support 12 different projects under the Electric Vehicles for American Low-Carbon Living (EVs4ALL) program<\/a>. The common goal of these dozen projects is to strengthen US supply chains that contribute to advanced battery technologies used to power EVs.<\/p>\n

Much of the Biden administration\u2019s work the past three years has gone into promoting electrification across the government and citizens, investing in renewables, bolstering charging infrastructure<\/a>, and limiting the US\u2019 dependency on other countries for supply chain materials such as battery components.<\/p>\n

As an American battery manufacturer developing cells that are not only more energy-dense, but also lighter, thinner, and less volatile than lithium-ion, it\u2019s of little surprise that Solid Power has the backing of the DOE to keep doing its thing.<\/p>\n

Scaled solid-state battery production still feel a ways away, but fresh funds from D.C. should certainly help push the development process forward \u2013 on home turf, nonetheless.<\/p>\n

\n

FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Solid-State battery developer Solid Power continues to rally financial support to help scale its nickel- and cobalt-free cells for EVs. This week, the United States Department of Energy announced it is awarding over $5 million to help Solid Power continue developing its technology which could significantly help lower the price of EV batteries. Solid Power\u00a0($SLDP)\u00a0is […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/40227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40227"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/40227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40227"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}