Solid Power Says It Is Selected By U.S. Department Of Energy For Up To $50M Award Negotiation For Continuous Production Of Sulfide-based Solid Electrolyte Materials For Advanced All-solid-state Batteries
Portfolio Pulse from Nabaparna Bhattacharya
Solid Power has been selected by the U.S. Department of Energy for a potential $50 million award to support the continuous production of sulfide-based solid electrolyte materials for advanced all-solid-state batteries.
September 20, 2024 | 11:22 am
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Solid Power has been chosen by the U.S. Department of Energy for a potential $50 million award to enhance the production of sulfide-based solid electrolyte materials, which could significantly boost its capabilities in the all-solid-state battery market.
The potential $50 million award from the U.S. Department of Energy is a significant endorsement and financial boost for Solid Power. This funding could enhance their production capabilities and market position in the advanced battery sector, likely leading to positive investor sentiment and a short-term stock price increase.
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