Solid Power shares are trading higher after the company announced it was selected by the U.S. Department of Energy for up to $50 million in award negotiations for the the continuous production of sulfide-based electrolyte materials for advanced all-solid-state batteries.
Portfolio Pulse from Benzinga Newsdesk
Solid Power's shares rose following its selection by the U.S. Department of Energy for up to $50 million in award negotiations to produce sulfide-based electrolyte materials for advanced all-solid-state batteries.
September 20, 2024 | 3:44 pm
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Solid Power's stock is trading higher after being selected by the U.S. Department of Energy for up to $50 million in award negotiations. This funding is for the production of sulfide-based electrolyte materials for advanced all-solid-state batteries.
The announcement of potential funding from the U.S. Department of Energy is a significant positive development for Solid Power. It not only provides financial support but also validates the company's technology and potential in the advanced battery sector. This news is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100