Solid Power (NASDAQ:SLDP) (NASDAQ: SLDP) is a Colorado-based technology company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for electric vehicles, aerospace, defense and other high-performance applications. Founded in 2011, Solid Power’s proprietary sulfide-based solid electrolytes and high-energy cathode materials aim to deliver enhanced energy density, improved safety and longer lifecycle compared to conventional lithium-ion batteries. The company operates a research and development center in Louisville, Colorado, and has established a pilot production line to support scale-up and customer validation.
Solid Power’s product portfolio centers on solid-state battery cells and cell stacks designed to meet stringent performance requirements of automotive and mobility customers. The company collaborates closely with major global original equipment manufacturers (OEMs), including leading automakers in North America and Europe, to integrate its cells into next-generation electric vehicle platforms. By leveraging its proprietary solid electrolyte technology, Solid Power seeks to eliminate the flammable liquid components of traditional batteries, offering enhanced thermal stability and reduced risk of thermal runaway.
Historically, Solid Power has progressed from laboratory research to pilot-scale manufacturing, securing key partnerships and funding rounds to accelerate commercialization. In 2020, the company entered into strategic development agreements with several Tier 1 automotive suppliers and OEMs to engineer high-capacity solid-state battery prototypes. More recently, Solid Power announced plans to build a dedicated gigafactory in the United States, underscoring its commitment to domestic production and supply chain resilience.
Under the leadership of President and Chief Executive Officer Doug Campbell, Solid Power combines deep expertise in materials science, cell engineering and process automation. The executive team comprises seasoned professionals with experience in battery innovation, automotive integration and manufacturing scale-up. As the global transition to electric mobility intensifies, Solid Power positions itself as a key enabler of next-generation energy storage solutions.
