Solid Power, Inc. Reiterates Revenue Guidance for the Year 2024
May 07, 2024 at 09:05 pm
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Solid Power, Inc. reiterated revenue guidance for the year 2024. The company reiterated its expectation for 2024 revenue to be in the range of $20 million to $25 million.
Solid Power, Inc. is a developer of solid-state battery technology. The Company is focused on producing and distributing sulfide-based solid electrolyte material for powering both electric vehicles (EVs) and other applications. The Company's technology is its proprietary solid electrolyte material, which replaces the liquid or gel electrolyte used in traditional lithium-ion batteries. Its business model - selling its electrolyte to cell manufacturers and licensing its cell designs and manufacturing processes. The Company is also developing solid-state cells with its electrolyte to commercialize its technology by selling its electrolyte material and licensing its cell designs. The Company develops its cells on its two pilot lines, producing multiple cell sizes to both support its partners and refine cell designs. The Company manufactures all of its cell designs, including its cathodes and anodes, using materials sourced from external suppliers. Its products are in the development stage.
SOLID POWER, INC. 
