US-based silicon battery materials supplier Group14 Technologies has signed offtake agreements totaling at least $300 million with three EV and two consumer electronic battery cell manufacturers across Europe, Asia and North America.

Group14’s customers deliver batteries to various industries, including automotive, consumer electronics and electric vertical take-off and landing (eVTOL). The company’s silicon-carbon anode material, SCC55, is designed to provide higher energy density, faster charging times, and higher efficiency than traditional graphite and silicon oxide-based anodes.

Group14 is scaling its manufacturing capacity to meet demand, and its second factory in Moses Lake, Washington, is planned to start production in 2024. The factory will have an initial annual capacity of 4,000 tons of SCC55 or 20 GWh of silicon battery material. The first manufacturing module from Group14’s joint venture with SK in South Korea is in the final stages of commissioning. That facility will have a nameplate capacity of 2,000 tons of SCC55, equivalent to 10 GWh of silicon battery capacity annually.

“The pace at which our customers are signing up for SCC55 deliveries confirms that since the introduction of silicon batteries, we are at the tipping point for the transition to the electrification of everything,” said Group14 CEO and co-founder Rick Luebbe.

Source: Group 14 Technologies