Solid Power, Inc.

Solid Power, Inc. develops sulfide-based solid electrolyte materials and solid-state battery cell technology for electric vehicles and other advanced battery applications. The company is based in the United States and operates through research, development, licensing, and collaboration agreements with battery manufacturers and automotive OEMs.

−378,9 %

−429,5 %

+8,0 %

15.92

15.92

— Solid Power, Inc.
%
Solid electrolyte materials45% Sulfide-based electrolyte materials used in solid-state battery development and testing.
Technology licensing25% Research and development licenses that allow partners to develop cells using Solid Power technology.
Pilot line and engineering services15% Line installation, process support, and technical services tied to partner manufacturing programs.
Government contracts and grants15% Public funding tied to equipment installation and battery-material development programs.

Solid Power sells primarily to Tier 1 battery manufacturers and automotive OEMs that are developing solid-state...

  • Tier 1 battery manufacturersprimary

    Buy electrolyte, licenses, and technical support to develop solid-state cells and pilot manufacturing lines.

  • Automotive OEMsprimary

    Evaluate and test solid-state battery technology for future vehicle integration and performance validation.

  • Government agenciessecondary

    Provide contract and grant funding for equipment installation and battery-material development work.

  • Research and development partnerssecondary

    Collaborate on cell design, testing, and process development to advance commercialization readiness.

Solid Power’s activities have been conducted primarily in the United States and the Republic of Korea...

  • •Primary operations in the United States
  • •Development and partner activity in the Republic of Korea
  • •Customer collaboration tied to pilot manufacturing sites
  • •Government funding and contracts are U.S.-based
  • •Geography affects access to OEM and battery partners

Solid Power’s strategy is to remain a technology developer rather than become a commercial cell manufacturer, while...

01
Deepen OEM and battery-manufacturer partnershipsshort-term

Partnerships validate the technology and create a route to commercialization without building a full cell-manufacturing business.

02
Improve electrolyte and cell performancemedium-term

Performance, safety, cost, and manufacturability determine whether solid-state batteries can compete with lithium-ion alternatives.

03
Advance pilot manufacturing readinessmedium-term

Pilot-scale production helps prove that the technology can be manufactured consistently and transferred to partners.

Solid Power depends on successful technical development, partner adoption, and continued access to government and...

critical

Technology development and commercialization failure

The business depends on proving that its electrolyte and cell designs can be manufactured and adopted at scale.

Scope
Solid-state battery performance, cost, and manufacturability
Materiality
high
high

Customer and partner concentration

Revenue and validation depend on a small number of collaboration and licensing relationships.

Scope
SK On, BMW, and other strategic partners
Materiality
high
high

Government funding uncertainty

A portion of revenue and R&D support comes from contracts and grants that can be delayed or changed by policy.

Scope
DOE and other public funding programs
Materiality
high
high

Competitive displacement

Large battery and automotive companies may develop superior or earlier solid-state solutions.

Scope
Global EV battery market
Materiality
high
Collaborative arrangement revenue recognition
Affects quarterly revenue comparability and backlog visibility
Government contract and grant accounting
Can shift reported revenue and offset R&D spending
Capitalized pilot-line and equipment costs
Potential depreciation and impairment sensitivity
Stock-based compensation
Impacts operating loss, equity dilution, and cash preservation

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: 29/04/2026