Solid Power to receive $50 mln DOE funding; shares rise
24/01/2025 22:34
** Shares of battery maker Solid Power SLDP.O rise ~4% to
$1.60 in extended trading
** Company enters into an agreement with the U.S. Department
of Energy (DOE) to install equipment necessary for continuous
production of sulfide-based solid electrolyte material
** DOE will provide funding of $50 mln to SLDP, while the
battery maker will contribute $60 mln
** In 2024, stock rose over 30%
(Reporting by Vallari Srivastava in Bengaluru)
((Srivastava.Vallari@thomsonreuters.com;))