By Michael Booth | The Colorado Sun
Thornton-based Solid Power has a $50 million federal grant to ramp up development of the solid-state EV batteries it considers the technology of the near-future in automobiles, putting the company closer to its goal of developing a mass production facility in the eastern U.S. or Korea.
The current EV battery market is dominated by liquid-based lithium-ion versions, and solid-state researchers believe their models are safer and offer more driving range to settle “range anxiety” fears among potential buyers. The federal grant for Solid Power, announced Friday, will allow the company to expand to a continuous manufacturing line in Colorado of the sulfide-based solid electrolytes to replace the smaller batch system currently in place.