DOE award update and outlook for Solid Power (NASDAQ: SLDP)
Rhea-AI Filing Summary
Solid Power, Inc. filed an 8-K describing an amended and restated Assistance Agreement between its subsidiary and the U.S. Department of Energy, effective January 1, 2026, which updates terms on an existing DOE award. The full agreement is filed as Exhibit 10.1.
The company also furnished a March 2026 investor presentation as Exhibit 99.1, which it plans to use with investors and analysts. That overview highlights Solid Power’s sulfide-based solid electrolyte technology, a capital-light strategy focused on supplying electrolytes, strong liquidity of $336.5 million as of December 31, 2025, and a DOE grant of up to $50 million to expand electrolyte production.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2).
Emerging growth company
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On March 5, 2026, Solid Power Operating, Inc., a wholly owned subsidiary of Solid Power, Inc. (collectively, the “Company,” “Solid Power,” “we,” or “our”), and the United States Department of Energy (the “DOE”) entered into an amended and restated Assistance Agreement (the “Amended Agreement”), with an effective date of January 1, 2026. The Company and the DOE previously entered into an Assistance Agreement, with an effective date of January 1, 2025 (as amended effective May 15, 2025, the “Assistance Agreement”). The Amended Agreement amended and restated the Assistance Agreement and modified certain terms and conditions applicable to the award.
The foregoing description of the Amended Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 7.01 | Regulation FD Disclosure. |
On March 6, 2026, the Company published a PowerPoint presentation (the “Company Overview”) on its website at https://www.solidpowerbattery.com/investor-relations/events-and-presentations. The Company intends to use the Company Overview in investor and analyst presentations. A copy of the Company Overview is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Exhibit 99.1 to this Current Report on Form 8-K and the information set forth therein, and the information disclosed under this Item 7.01, is being furnished and will not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor will it be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.
Forward Looking Statements
All statements other than statements of present or historical fact contained herein or in Exhibit 99.1 to this Current Report on Form 8-K are “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including Solid Power’s or its management team’s expectations, objectives, beliefs, intentions or strategies regarding the future. When used herein, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “plan,” “outlook,” “seek,” the negative of such terms, and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may include, but are not limited to, our strategy, expansion plans, including plans related to the expansion of our electrolyte production capabilities, market opportunity, and operations; future prospects; and plans and objectives of management. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Solid Power disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Readers are cautioned not to put undue reliance on forward-looking statements and Solid Power cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Solid Power, including the following factors: (i) risks relating to the uncertainty of the success of our research and development efforts, including our ability to achieve the technological objectives or results that our partners require and our ability to commercialize our technology in advance of competing technologies and our competitors; (ii) risks relating to our status as a research and development stage company with a history of financial losses with an expectation of incurring significant expenses and continuing losses for the foreseeable future, including execution of our business plan and the timing of expected business milestones; (iii) risks relating to the non-exclusive nature of our partnerships, our ability to secure new business relationships, and our ability to manage these relationships; (iv) our ability to negotiate and execute commercial agreements with our partners and customers on commercially reasonable terms; (v) broad market adoption of EVs and other technologies where we are able to deploy our technology, if developed successfully; (vi) our success attracting and retaining our executive officers, key employees, and other qualified personnel; (vii) our ability to protect and maintain our owned and exclusively-licensed intellectual property, including in jurisdictions outside of the United States; (viii) our ability to secure government contracts and grants, changes in government priorities with respect to our government contracts and grants or government funding reductions or delays, and the availability of government subsidies and economic incentives; (ix) delays in the construction and operation of facilities that meet our short-term research and development and long-term electrolyte production requirements; (x) changes in applicable laws or regulations, including tariffs; (xi) risks relating to, and potential liabilities resulting from, our information technology infrastructure and data security incidents, threats, breaches, or attacks; and (xii) risks relating to other economic, business, or competitive factors in the United States and other jurisdictions, including supply chain interruptions and changes in market conditions, and our ability to manage these risks and uncertainties. Additional information concerning these and other factors that may impact the operations and projections discussed herein or in Exhibit 99.1 to this Current Report on Form 8-K can be found in the “Risk Factors” sections of Solid Power’s Annual Report on Form 10-K for the year ended December 31, 2025 and other documents filed by Solid Power from time to time with the Securities and Exchange Commission (the “SEC”), all of which are available on the SEC’s website at www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Solid Power gives no assurance that it will achieve its expectations.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
See the Exhibit index below, which is incorporated herein by reference.
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Exhibit |
Description | |
| 10.1 | Assistance Agreement, dated March 5, 2026, between Solid Power Operating, Inc. and the U.S. Department of Energy. | |
| 99.1 | Company Overview. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: March 6, 2026
| SOLID POWER, INC. | ||
| By: | /s/ Linda Heller | |
| Name: Linda Heller | ||
| Title: Chief Financial Officer, Treasurer, and Secretary | ||
Exhibit 99.1
Solid Power, Inc. (Nasdaq: SLDP) Company Overview March 2026
Cautionary Note Regarding Forward - Looking Statements All statements other than statements of present or historical fact contained herein are “forward - looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including Solid Power’s or its management team’s expectations, objectives, beliefs, intenti ons or strategies regarding the future. When used herein, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “plan,” “outlook,” “seek,” the negative of such terms, an d o ther similar expressions are intended to identify forward - looking statements, although not all forward - looking statements contain such identifying words. These statements may include, but are not limited to, our future financial performance, strategy, expansion plans, including plans related to the expansion of our electrolyte production capabilities, market opportunity, operations, and operating results; estimated revenues or losses; projected costs ; future prospects; and plans and objectives of management. These forward - looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Solid Power disclaims any duty to update any forward - looking statements, all of which are expressly qualified by the statements in this sect ion, to reflect events or circumstances after the date hereof. Readers are cautioned not to put undue reliance on forward - looking statements and Solid Power cautions you that these forward - looking statements are subject to numerou s risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Solid Power, including the following factors: ( i ) risks relating to the uncertainty of the success of our research and development efforts, including our ability to achieve th e t echnological objectives or results that our partners require and our ability to commercialize our technology in advance of competing technologies and our competitors; (ii) risks relating to our status as a research and development stage company with a history of financial losses with an expectation of incurring significant expenses and continuing losses for the foreseeable future, including execution of our bu sin ess plan and the timing of expected business milestones; (iii) risks relating to the non - exclusive nature of our partnerships, our ability to secure new business relationships, and our ability to manage these relationships; (iv) our ability to negotiate and execute commercial agreements with our partners and customers on commercially reasonable terms; (v) broad market adoption of EVs and other technologies where we are able to deploy our technology, if developed successfully; (v i) our success attracting and retaining our executive officers, key employees, and other qualified personnel; (vii) our ability to protect and maintain our owned and exclusively - licensed intellectual property, including in jurisdictions outside of the United States; (viii) our ability to secure government contracts and grants, changes in government priorities with respect to our government contracts and grants or government funding reductions or delays, and the av ailability of government subsidies and economic incentives; (ix) delays in the construction and operation of facilities that meet our short - term research and development and long - term electrolyte production requirements; (x) changes in applicable laws or regulations , including tariffs ; (xi) risks relating to , and potential liabilities resulting from, our information technology infrastructure and data security incidents, threats, breaches , or attacks ; and (xii) risks relating to other economic, business, or competitive factors in the United States and other jurisdictions, including supply chain interruptions and changes in market conditions, and our ability to manage these risks and uncertainties . Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the “Risk Factors” sections of Solid Power’s Annual Report on Form 10 - K for the year ended December 31, 2025 and other documents filed by Solid Power from time to time with the Securities and Exchange Commission (the “SEC”), all of which are available on the SEC’s website at www.sec.gov. These filings identify and address ot her important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward - looking statements. Solid Power gives no assurance that it will achieve its expectations. Trademarks and Trade Names Solid Power owns or has rights to various trademarks, service marks and trade names that it uses in connection with its opera tio ns. This presentation may also contain trademarks, service marks, and trade names of third parties which are the property of their respective owners. The use or display of third parties’ trademarks, service marks, trade names, or pro ducts in this presentation is not intended to, and does not imply, a relationship with Solid Power, or an endorsement or sponsorship by or of Solid Power. Solely for convenience, the trademarks, service marks, and trade names refer red to in this presentation may appear with the ®, TM, or SM symbols, but such references are not intended to indicate, in any way, that Solid Power will not assert, to the fullest extent under applicable law, its rights or th e right of the applicable licensor to these trademarks, service marks, and trade names. Industry and Market Data Although all information, opinions, and other information expressed in this presentation, including market data and other sta tis tical information, were obtained from sources believed to be reliable and are included in good faith, Solid Power has not independently verified the information and makes no representation or warranty, express or implied, as to its a ccu racy or completeness. Some data is also based on the good faith estimates of Solid Power, which are derived from its review of internal sources as well as the independent sources described herein. Disclaimer Company Overview March 2026
Founded : 2011 Employees : ~ 230 Facilities : • SP1 – Louisville, Colorado, USA • SP2 – Thornton, Colorado, USA Nasdaq : SLDP Key Financial Statistics : • Market capitalization – $ 811.9M 1 • Revenue – $21.7M 2 • Total liquidity – $ 336.5 M 1 Capabilities : • SP1 – Pilot cell production; cell R&D • SP2 – Pilot electrolyte production; electrolyte innovation center; cell test Quick Facts Commercialization strategy to manufacture and sell electrolyte to Tier 1 battery manufacturers and automotive original equipment manufacturers (OEMs) – aim to work with, not compete Established Korean presence to better integrate into Asian battery ecosystem Collaborate with leading industry partners including : Commercialization Sulfide - based solid electrolyte, replacing liquid or gel electrolyte in traditional lithium - ion battery Solid Power’s electrolyte materials and wet processing methodology ha ve the potential to improve battery performance and reduce costs through increased energy density, longer battery life , better safety , and lower capital requirements Strong IP position: 3 • >20 issued US patents • ~100 pending US patent applications • ~1 1 0 non - US and PCT patents and applications • Trade secrets and know - how Technology Capital light model – electrolyte development and production expected to have significantly lower capital requirements than cell manufacturing Strong liquidity position bolstered by recent securities offerings: • ~$91M of gross proceeds from at - the - market offering program in 2025 1 • ~$130M of gross proceeds from registered direct offering in January 2026 No debt financing, increasing financial stability DOE grant of up to $50M to expand electrolyte production capabilities Capital Position 1. As of December 31, 2025 ; 2. For the y ear ended December 31 , 2025; 3. As of February 1, 2026 Company Overview March 2026
Solid Power – Sulfide - Based Chemistry Leader Materials suppliers Cell manufacturers Automotive OEMs Value chain players pursuing sulfide chemistries 50% 25% 6% 19% Sulfide SSB Polymer SSB Hybrid / Other Oxide SSB Global ASSB technology selection We believe sulfides offer the best balance of performance and mass production attributes for ASSB chemistries: • Highly manufacturable at scale • Superior ionic conductivity • Compatible with leading ASSB cell configurations Market tech choice – Sulfide ASSB Source: PEM | RWTH Aachen University Automotive OEMs and Tier 1 battery manufacturers are choosing sulfide - based chemistries for their solid - state programs, where Solid Power is a leading technology provider Source: Roland Berger internal research Company Overview March 2026
Solid Power – Differentiation Solid Power’s electrolyte technology has the potential to enable a step - change improvement in battery cell performance We believe sulfide electrolytes provide the best - known balance of conductivity and processability out of all solid electrolyte classes Currently 2 pilot electrolyte manufacturing lines with capacity of 30MT per year Plan to grow capacity to 75MT per year by end of 2026 by installing continuous manufacturing pilot line Electrolyte Material Feedback Loop Cell Design to Electrolyte Development Feedback from cell development enables electrolyte performance improvements and supports partners’ cell programs Electrolyte Innovation Center (EIC) designed to allow rapid changes to electrolyte chemistry and manufacturing processes, accelerating electrolyte improvements with lower costs Able to produce solid - state cells from 0.2 Ah to 60 Ah Solid Power cell technology licensed by BMW and SK On to enhance their battery cell manufacturing capabilities Solid Power cell processes developed around industry - standard lithium - ion cell manufacturing processes and equipment Cell Capabilities Rapid innovation through integrated electrolyte and cell capabilities position Solid Power as an industry leader Company Overview March 2026
LiPSCl Argyrodite powders designed for cell - level performance Gen 1 Gen 2 Gen 3 Gen 3 Gen 2 Gen 1 Metric >5.0 >3.25 >1.5 Li ion Conductivity @ 25 C (mS/cm) < 1.0E - 8 <1.0E - 8 <1.0E - 8 Electronic Conductivity (S/cm) >1.40 >1.40 >1.35 Pellet Density (g/cm3) < 15 < 15 < 15 Surface Area (m2/g) 1.0um - 3.0um 1.0um - 3.0um 1.0um - 3.0um Particle Size (um) - D50* <10 <10 <10 Particle Size (um) - D90 Solid Power – Solid - State Electrolyte Products Company Overview March 2026 Powder metrics designed for cell performance Products remain in the development stage and subject to change.
Solid Power – Sulfide Electrolyte Cost Drivers Li 2 S supply expected to keep up with electrolyte demand prior to mass commercialization * Li 2 S c onventionally produced by reacting battery - grade LiOH with high - purity H 2 S gas Developing alternative production routes for Li 2 S Capacity of 30 metric tons annually from 2 pilot lines Producing material for customers and internal use Exploring potential partnership for commercial - scale electrolyte production in Korea Leverage periodic, incremental adjustments to control environment and strong management execution expectations to proactively manage SOX program. Li 2 S Precursor Cost High - Throughput Process Production Scale Designing and installing continuous production pilot line Expecting to scale capacity to 75 metric tons annually by the end of 2026 Sets the stage for mass production as demand matures High - Throughput Process Production Scale *Solid Power projections Company Overview March 2026 Addressing the three main cost drivers
Company Overview March 2026 Solid Power – Modeling to Accelerate R&D Is it thermodynamically stable? Does it conduct Li + ions? What surface(s) will be exposed? Will the exposed surface(s) react? For each electrolyte composition that has been synthesized… … there are 10,000+ possible substitution combinations. Leveraging the power of modeling to drive electrolyte R&D
Solid Power – Executive and Senior Leadership Team Deep technical, chemistry, engineering, supply chain, and public company experience LINDA HELLER Chief Financial Officer, Treasurer, and Secretary • 25+ years of financial leadership experience • Broad public company experience across multiple industries BERISLAV BLIZANAC, PH.D. EVP Cell Technologies • 20+ years of experience in electromechanical conversion devices, materials science, and commercial technology development • 10+ years of experience developing Li - ion cells JOHN VAN SCOTER Chief Executive Officer, President, Board Member • Extensive C - level technology and public board experience • Successful track record developing and commercializing technologies HYUNGRAK KIM, PH.D. EVP Powder Production, Electrolyte Technologies • 25+ years in energy materials industry, in both development and manufacturing • Experience in Li - ion battery electrolytes R&D and anode materials JOSH BUETTNER - GARRETT Chief Technology Officer • Deep experience and thought leader in energy storage and battery R&D • 12+ years at Solid Power RAMELLE GILLILAND EVP Strategic Supply Chain Management • 20+ years experience years in automotive manufacturing and advanced battery technologies • Experience in global procurement, supply chain management, and organizational development ANDREAS MAIER, PH.D. Country Manager, Solid Power Korea Co., Ltd. • 17+ years of experience in the European and Korean battery industries • Experience driving business development initiatives to align operational capabilities with strategic goals LAUREN MCCABE EVP Strategic Operations • 20+ years of leadership experience in Fortune 50, private sector, and U.S. Navy • Experience overseeing enterprise execution, business transformation, and operational strategy across global functions Company Overview March 2026
FAQ
What did Solid Power (SLDP) disclose in its March 2026 Form 8-K?
What is the amended Assistance Agreement between Solid Power and the DOE?
What key financial statistics does Solid Power (SLDP) highlight in its March 2026 overview?
How is Solid Power’s commercialization strategy described in the March 2026 presentation?
What role does the DOE grant play in Solid Power’s electrolyte production plans?
What major risks and uncertainties does Solid Power emphasize in its March 2026 materials?
Filing Exhibits & Attachments
6 documentsPress Releases
Agreements & Contracts
