Solid Power up on $5.6-mln DoE award for battery cell development
12/01/2023 14:26
** Shares of Solid Power Inc SLDP.O climb 4.2% premarket
to $2.46
** SLDP says it expects to get up to $5.6 mln, as part of a
U.S. Department of Energy (DOE) award, to develop nickel- and
cobalt-free batteries
** Co to develop battery cells containing a lithium metal
anode and sulfur composite cathode to enable improved energy and
charging performance
** "Replacing costly nickel and cobalt in the cathode with
sulfur could lead to a lower cost EV battery with improved
energy and fast-charging capabilities" - David Jansen, interim
CEO, Solid Power
(Reporting by Arunima Kumar in Bengaluru)
((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))