Solid Power Receives DOE Award to Develop Nickel- and Cobalt-Free Batteries

Solid Power, Inc.LOUISVILLE, Colo., Jan. 12, 2023 (GLOBE NEWSWIRE) — Solid Power, Inc. (Nasdaq: SLDP) announced today 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 $5.6 million 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…

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