Solid Power announces partnership with BMW

Monday December 18, 2017 Tags: Louisville, Solid Power, BMW Group, Doug Campbell

LOUISVILLE -- Solid Power, a leading developer of solid-state rechargeable batteries, today announced a partnership with BMW Group.

Solid Power and BMW Group formed the partnership to accelerate the development of electric vehicle applications, the companies said.

Solid Power's team focuses on developing and scaling competitive solid-state batteries, paying special attention to safety, performance and cost.

Solid Power's solid-state batteries contain no liquid electrolyte. Instead, they are comprised of proprietary inorganic materials producing a product with higher energy density, without volatile or flammable components.

The technology has great potential to provide the BMW Group's electric vehicles with increased driving range and a battery with a longer shelf-life that can withstand high temperatures, Solid Power said.

"Since the company's inception, the Solid Power team has worked to develop and scale a competitive solid-state battery paying special attention to safety, performance, and cost," said Doug Campbell, Solid Power founder and CEO.

"Collaborating with BMW is further validation that solid-state battery innovations will continue to improve electric vehicles. We're looking forward to working with BMW on pushing the limits on developments around xEV batteries."

Capitalizing on continued market expansion, Solid Power said it experienced rapid company growth through the first-half of 2017.

The battery developer recently moved into a new state-of-the-art facility in Louisville. The facility will allow Solid Power to triple its footprint and build out the capabilities necessary to deliver commercial-quality solid-state battery prototypes, from new material synthesis through cell and battery assembly, the company said.

Solid Power said it expects to double its executive and innovation team over the next three years.