A123 Systems has invested in Solid Power, a developer of solid-state battery technology. Solid Power’s tech combines a high-capacity cathode with a high-capacity lithium metal anode in combination with a high-ionic-conductivity solid separator.
The battery materials are 100 percent inorganic, and possess no flammable or volatile components. Solid Power says its batteries provide two to three times higher energy than current Li-ion designs, and also offer the potential to eliminate costly safety features.
Solid Power originated as a spin-out from the University of Colorado Boulder in 2012.
“A123 continues to invest in the future and is actively developing a portfolio of high energy density products to complement our historical leadership in high power solutions,” says Jeff Kessen, A123’s VP of Corporate Strategy. “We acted early as a series A investor to support a promising solid-state technology and look forward to the commercialization of Solid Power’s innovations.”
“We are committed to advancing the solid-state battery industry and pushing the limits on development,” said Solid Power CEO Doug Campbell. “The investment from A123 will help us continue to make significant strides toward large-scale commercialization.”