• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Solid Power expands production capacity to deliver test batteries to BMW, Ford in 2022

September 7, 2021 by David Barret Leave a Comment

Solid Power, a battery developer backed by Ford and BMW, is expanding its Colorado-based factory footprint as it prepares pilot production of its solid state batteries early next year.

The new production facility will be dedicated to manufacturing one of the company’s flagship products, a sulfide-based solid electrolyte material, by up to 25 times its current output. The new facility will also make room for the first pilot production line of its commercial-grade, 100 ampere battery cells. Those pouch cells are expected to go to Ford and BMW for automotive testing in early 2022, with the aim of getting them into driver-ready vehicles by the latter half of the decade.

Solid state batteries have long been considered the next breakthrough in battery technology. They lack a liquid electrolyte, the material that moves ions between the cathode and anode in traditional lithium-ion batteries, as TechCrunch writer Mark Harris has explained. The gains from such technology, SSB developers say, include increased energy density, reduced costs and a superior battery life expectancy.

Developers also say they’re safer – an important consideration in light of incidents like GM’s three-times recall of Chevrolet Bolt vehicles due to fire risk. It’s the liquid electrolyte that serves as “the spark that leads to thermal runaway,” Solid Power CEO Doug Campbell told TechCrunch. “We believe very strongly that these issues that both Hyundai and GM are now facing would be addressed with a solid-state battery.”

While the startup will be building out a new battery cell pilot production line, Solid Power’s ultimate plan is to eventually only produce the electrolyte material and license out the cell to OEMs and battery manufacturers.

“Long term, we’re a materials company,” Campbell said. “We want to be the industry leader in solid electrolyte materials.” To that end, this current expansion to cell production will likely be the company’s last, he said. The forthcoming pilot production line will produce enough to supply multiple OEMs with cells for automotive qualification testing, with the intent of larger production scales being undertaken by automakers and battery cell producers.

The decision to license the battery cells to partners, rather than produce them all in-house, is an asset-light model born from commonsense, he added.

“Let’s face it, what’s the probability that little Solid Power is going to grow up and displace the likes of Panasonic, LG, CATL?” While some companies are attempting it, like Sweden’s Northvolt, Campbell added that the material business margins are higher and don’t include direct competitors that are all but behemoths. “It’s capital-light, but it’s also realistic.”

The startup said in June it would go public via a $1.2 billion reverse merger with blank-check firm Decarbonization Plus Acquisition Corp. III. The transaction, which is anticipated to generate around $600 million in cash, should give the company enough funds through 2026 or 2027, Campbell said.

BMW and Ford-backed Solid Power will go public via SPAC merger in $1.2B deal

The company will need plenty of capital to take it through the rest of the decade, especially as it aims to produce enough electrolyte material to support 10 gigawatt-hour annual cell capacity by 2207. For that, it’ll need “orders of magnitude” more electrolyte production capacity than was even announced today (which is itself an order of magnitude increase), Campbell said.

Solid Power doesn’t even plan on stopping at electrolyte production. Campbell hinted that the company is also at work developing a low-cost cathode material – one that contains no nickel or cobalt, two of the costliest raw battery materials.

“[The industry] is going to be dominated by the cost of materials and the cost of materials is going to be dominated by the cost of that nickel- and cobalt-containing cathode material,” he said. “This particular chemistry that we’ll be disclosing later this year is extremely low cost, we’re talking 1/20th, 1/30th the cost of today’s [nickel manganese cobalt cathodes].”

Source Link Solid Power expands production capacity to deliver test batteries to BMW, Ford in 2022

David Barret
David Barret

Related posts:

  1. Hackers are hiring more English speakers to write believable email scams
  2. JBL Quantum 350 looks like a great affordable wireless gaming headset
  3. Canada trade surplus narrowed in July to C$778 million
  4. Life insurers shift to pre-pandemic norms after COVID vaccine roll-outs

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • New Human “Mini-Brains” Combine Cells From The Whole Brain – Even The Blood Vessels
  • Aging NASA Spacecraft Could Intercept The Interstellar Comet On The Other Side Of The Sun, Astronomers Suggest
  • The Deepest Complex Ecosystem Ever Discovered Has Been Found 9,000 Meters Below The Sea
  • Drone Footage Shows Synchronized Moves By Killer Whale Pairs Are More Effective Than Hunting Alone
  • For The First Time, A Quantum Computer Has Been Sent Into Space
  • A Vast Ocean Of Water May Be Trapped In The Transition Zone Beneath Our Feet
  • Beneath Antarctica’s Sea Ice, Leopard Seals Sing Nursery Rhymes In Search Of Love
  • Double-Slit Experiment Performed With Single Atoms Shows Einstein Was Wrong
  • Forecasting Tomorrow: How Science Fiction Is Helping Scientists Explore Possible Futures
  • Siberian Mummy’s 2,000-Year-Old Tattoos Reveal The History Of Ancient Art
  • Humans Were Buzzing On Psychoactive Betel Nuts 4,000 Years Ago
  • Megaflash Stretching 892 Kilometers Sets New World Record For Longest Lightning Strike
  • Your Organs Don’t All Age At The Same Rate. One Is Growing Old Much Quicker Than Others
  • IFLScience The Big Questions: How Has The Internet Changed The Way We Use Language?
  • One Of The Most Dangerous Volcanoes Is Home To The World’s Largest Lava Lake
  • What Astrobiology Might Tell Us About What Aliens May Look Like
  • Voyager: An Inside Look At NASA’s Longest-Running Mission With Someone There From The Start
  • Meet Alba: The World’s Only Known Albino Orangutan Still Living In Borneo
  • Yikes! Baby African Social Spiders Filmed Eating Their Moms Start-To-Finish For The First Time
  • Why Is The Great Rift Valley So Important In Our Understanding Of Human Evolution?
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version