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Stock impact report

Solid Power Reports Third Quarter 2024 Results [Yahoo! Finance]

Solid Power, Inc. - Class A (SLDP) 
Company Research Source: Yahoo! Finance
Recent Business Highlights Selected by the U.S. Department of Energy for up to $50 million award negotiation for continuous production of sulfide-based solid electrolyte materials for advanced all-solid-state batteries. Commenced development activities in our electrolyte innovation center, or EIC, to enhance research and development capabilities and improve pre-pilot electrolyte manufacturing processes. Achieved all milestones and fully received all payments expected in 2024 under the SK On agreements. Line installation remains on track to be completed in mid-2025, following which validation activities are expected to commence. Continued repeated electrolyte sampling to multiple customers and received constructive feedback, enabling electrolyte improvements. Extended the BMW JDA and will continue to jointly develop cell technologies. “The third quarter was successful on many fronts, with the major highlight being the validation we received from the DOE for our technology Show less Read more
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