Solid Power receives $2.9M Air Force contract to develop enhanced ICBM battery technology

By: InnovatioNews Tuesday December 9, 2014 0 comments Tags: Doug Campbell, Lockheed Martin, Louisville, Solid Power


LOUISVILLE - Solid Power Inc. announced it has received a $2.9 million contract to develop battery technology for the Intercontinental Ballistic Missile (ICBM) force.

Under the two-year Rapid Innovation Fund contract, Solid Power will partner with Lockheed Martin, a key developer and sustainer of ICBM missiles and reentry systems since the 1950s, the company said.

Solid Power and Lockheed will develop battery technologies that extend energy storage duration and be suitable for a variety of voltage, current and environmental requirements while reducing battery weight.

The Rapid Innovation Fund program provides a collaborative vehicle for small businesses to provide the Air Force with innovative technologies that can be rapidly inserted into acquisition programs that meet specific defense needs.

"We are extremely honored by this opportunity from the U.S. Air Force to develop the next-generation of ICBM battery systems," said Doug Campbell, Solid Power president and CEO.

"We believe that our technology is well-suited to the unique requirements of ICBMs and believe that, together with Lockheed Martin, we are well-suited to address the U.S. Air Force's need for a high-performance and reliable energy storage system."

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