Elevated Materials is focused on scaling production this year to meet increasing customer demand.

The company closed 2025 with record output of ultra-thin lithium metal films, shipping to more than 30 customers worldwide. It delivered more than 100 kilometers of lithium film to a single customer, which it said reflects strong market demand for high-quality, scalable lithium metal solutions.

Elevated Materials was carved out of Applied Materials in February 2025, enabled by an investment from the TPG Rise Climate Fund.

The company’s roll-to-roll vacuum deposition platforms produce ELi, its ultra-thin lithium metal films, that enable anode architectures across electric vehicles, consumer electronics, aviation and grid-scale energy storage.

“The industry has long been seeking a reliable source of high-quality, ultra-thin lithium films to improve battery performance,” said Jim Cushing, CEO of Elevated Materials. Demand has been particularly strong for lithium metal anodes, where ELi significantly improves both safety and performance.”

“As we move into 2026, Elevated Materials will continue ramping to true gigawatt-hour scale manufacturing,” Cushing added. “With accelerating customer demand, we are tripling production capacity to support the commercial battery programs of our key customers.”

Source: Elevated Materials