Solid Power expects $5.6M from DOE award to develop battery cells

Solid Power announced that it received notification of an award from the U.S. Department of Energy ,DOE, ARPA-E group to continue its development of nickel- and cobalt-free solid-state battery cells. Solid Power expects to receive up to $5.6M to develop battery cells containing a lithium metal anode and sulfur composite cathode to enable improved energy and charging performance. "Replacing costly nickel and cobalt in the cathode with sulfur could lead to a lower cost EV battery with improved energy and fast-charging capabilities," said David Jansen, Interim CEO, President and Chair of Solid Power. "I’d like to thank the Solid Power development team for their outstanding work and the DOE for their continued confidence in our company’s value proposition." The DOE recently announced $42M in funding for 12 projects to strengthen the domestic supply chain for advanced batteries that power electric vehicles EVs , with Solid Power’s award being a portion of this funding. Projects selected for the Electric Vehicles for American Low-Carbon Living program aim to expand domestic EV adoption by developing batteries that last longer, charge faster, perform efficiently in freezing temperatures and have better overall range retention.