Solid-state batteries offer improved energy and safety as compared to current industry-standard lithium-ion batteries. Solid Power and Ford Motor have joined hands to develop all solid-state batteries (ASSB) for next-generation electric vehicles.
The announced partnership will focus on further developing ASSBs toward automotive requirements. This partnership will leverage Solid Power’s first fully automated, roll-to-roll production facility, which is anticipated to be fully operational in Q2 2019.
This follows Solid Power’s announcement in September of 2018 that it closed $20 million in a Series A investment round. Ford Motor participated in a subsequent closing of that round, which included investors Volta Energy Technologies, Hyundai CRADLE, Samsung Venture Investment Corp., Sanoh Industrial Co., Solvay Ventures, and A123 Systems.
In December of 2017, Solid Power announced its partnership with the BMW Group to jointly develop Solid Power’s solid-state batteries for electric vehicle applications and to tailor Solid Power’s technology toward automotive requirements for high-performance electric vehicles.
The potential benefits of Solid Power’s ASSBs include:
• Fifty percent higher energy vs. current lithium-ion, which can increase at the module- and pack-level due to design simplicity
• Substantially improved safety due to the elimination of the flammable liquid electrolyte as used in lithium-ion
• Low-cost battery-pack designs through:
o Minimization of safety features
o Simplified thermal management
• High manufacturability due to significant compatibility with automated, industry-standard, roll-to-roll production
Source: Press Release