Solid Power selected by DOE for up to $50M award negotiation [Seeking Alpha]
Solid Power, Inc. - Class A (SLDP)
Company Research
Source: Seeking Alpha
negotiations for up to $50 million in federal funding under the Bipartisan Infrastructure Law. The project aims to install a continuous manufacturing process for solid electrolyte materials for advanced all-solid-state batteries and expand electrolyte production capabilities in Thornton, CO. This expansion will support the transition from traditional lithium-ion to ASSB technology. In order to meet anticipated demand, Solid Power plans to significantly increase its annual production capacity, first to 75 metric tons in 2026 and then to 140 metric tons in 2028, through this multi-year capital improvement project. In addition, Solid Power expects the continuous manufacturing process will enable it to produce electrolyte at a far cheaper cost. The company said that it does not anticipate any DOE funding to have a material impact on its financial outlook for this fiscal year, which it last provided on August 6, 2024. SLDP shares were trading pre-market. Recommended For You
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News
- Solid Power Selected by 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 [Yahoo! Finance]Yahoo! Finance
- Solid Power Selected by 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 BatteriesGlobeNewswire
- Solid-State Lithium Battery Market to Reach $1.3 Billion, Globally, by 2030 at 18.2% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Solid Power, Inc. (SLDP): One of the Best Battery Stocks to Buy According to Short Sellers [Yahoo! Finance]Yahoo! Finance
- Solid Power, Inc. (NASDAQ: SLDP) is now covered by analysts at Wolfe Research. They set an "underperform" rating and a $1.00 price target on the stock.MarketBeat
SLDP
Earnings
- 5/7/24 - Miss
SLDP
Sec Filings
- 9/11/24 - Form 4
- 9/10/24 - Form 144
- 8/30/24 - Form 4
- SLDP's page on the SEC website