Welcome to our dedicated page for Solid Pwr news (Ticker: SLDP), a resource for investors and traders seeking the latest updates and insights on Solid Pwr stock.
Solid Power Inc. (SLDP) pioneers next-generation solid-state battery technology using sulfide-based electrolytes to improve energy density and safety. This page serves as the definitive source for verified company news, offering investors and industry professionals direct access to official updates.
Track SLDP's progress through earnings reports, manufacturing milestones, and strategic partnerships with automotive leaders. Our curated collection ensures you never miss critical developments in electrolyte innovation, production scaling, or R&D advancements.
Discover updates categorized for clarity: financial performance, technology breakthroughs, corporate collaborations, and operational expansions. All content is sourced directly from company filings and authorized communications to maintain accuracy.
Bookmark this page for streamlined access to SLDP's evolving role in transforming energy storage solutions. Check regularly for insights into how the company's solid-state technology addresses key challenges in electric vehicles and grid-scale applications.
Solid Power, Inc. (Nasdaq: SLDP) announced its 2022 financial results, reporting revenue of $11.8 million, an increase of $9.1 million from 2021. The company experienced an operating loss of $59.1 million and a net loss of $9.6 million ($0.05 per diluted share). Solid Power maintains strong liquidity with $496.1 million available as of December 31, 2022, despite capital expenditures of $58.3 million in 2022. Looking ahead, 2023 objectives include scaling electrolyte production, improving cell performance, and an estimated revenue range of $15 million to $20 million.
Solid Power (Nasdaq: SLDP) announced it will disclose its full year 2022 results on February 28, 2023, after market close, followed by a conference call at 3:00 p.m. MT. Investors can access the call through the company’s Investor Relations website or by phone. Solid Power specializes in developing solid state battery technology, aiming to enhance EV performance with longer ranges, improved safety, and lower costs compared to lithium-ion batteries. The company’s business model focuses on selling its innovative electrolyte materials and licensing cell designs to manufacturers, positioning itself as a significant player in the growing EV market.
Solid Power (Nasdaq: SLDP) announced receiving an award of up to $5.6 million from the U.S. Department of Energy to advance its nickel- and cobalt-free solid-state battery cells. This funding supports the development of batteries featuring a lithium metal anode and a sulfur composite cathode, promising improved energy density, charging performance, and reduced costs for electric vehicles (EVs). The initiative is part of a broader $42 million DOE funding to enhance the domestic supply chain for advanced batteries.
Solid Power has expanded its partnership with BMW Group by granting a research and development license for its all-solid-state battery technology. This agreement allows BMW to replicate Solid Power's pilot production lines in Germany and produce prototype cells. BMW will invest $20 million through June 2024 based on achieving milestones. Solid Power will supply its sulfide-based electrolyte for these prototypes, further affirming its technology's potential in the automotive sector.
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