LOUISVILLE, Colo – Solid Power, Inc., a leader in the development of nickel- and cobalt-free solid-state battery cells, announced that it has received an award from the U.S. Department of Energy (DOE) ARPA-E group to continue its development of solid-state battery cells. The company expects to receive up to $5.6 million in funding to develop battery cells containing a lithium metal anode and sulfur composite cathode, enabling improved energy and charging performance.
“We are thrilled to receive this award from the DOE,” said David Jansen, Interim CEO, President and Chair of Solid Power. “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. We’re excited to continue this important work and thank 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). The Electric Vehicles for American Low-Carbon Living (EVs4ALL) program aims to expand domestic EV adoption by developing batteries that last longer, charge faster, perform efficiently in freezing temperatures, and have better overall range retention. Solid Power’s award is a portion of this funding, and the company looks forward to continuing its work in this field.
About – 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.