Solid Power, Inc. (SLDP): Business Model Canvas

In der sich schnell entwickelnden Landschaft der Elektrofahrzeugtechnologie erweist sich Solid Power, Inc. (SLDP) als bahnbrechender Innovator, der das Batteriedesign durch seine hochmoderne Festkörperbatterietechnologie revolutioniert. Mit strategischen Partnerschaften mit Automobilgiganten wie BMW und FordDieses Pionierunternehmen ist bereit, das Ökosystem der Elektrofahrzeuge zu verändern, indem es Batterien liefert, die eine höhere Energiedichte, verbesserte Sicherheit und beispiellose Leistung unter extremen Temperaturbedingungen versprechen. Tauchen Sie ein in den komplexen Business Model Canvas, der zeigt, wie sich Solid Power an der Spitze der Batterierevolution der nächsten Generation positioniert, traditionelle Lithium-Ionen-Technologien herausfordert und möglicherweise die Zukunft der Elektromobilität neu gestaltet.

Solid Power, Inc. (SLDP) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Automobilinvestoren und Entwicklungspartner

Solid Power hat wichtige Partnerschaften mit etabliert BMW und Ford, die erhebliche Investitionen in das Unternehmen getätigt haben:

Partner	Investitionsbetrag	Kapitalanteil
BMW	130 Millionen Dollar	19.3%
Ford	130 Millionen Dollar	19.3%

Partnerschaft für Batteriematerialien

Solid Power arbeitet mit zusammen Albemarle Corporation für kritische Lithium-Ionen-Batteriematerialien:

• Lithium-Liefervertrag
• Fortschrittliche Entwicklung von Elektrolytmaterialien
• Langfristige strategische Beschaffungspartnerschaft

Forschungs- und Technologiekooperationen

Forschungseinrichtung	Fokusbereich	Art der Zusammenarbeit
Universität von Colorado Boulder	Festkörperbatterietechnologie	Forschungspartnerschaft
Colorado School of Mines	Batteriematerialtechnik	Gemeinsames Forschungsprogramm

Lieferanten von Fertigungsausrüstung

Solid Power hat Partnerschaften mit spezialisierten Lieferanten von Batterieherstellungsgeräten aufgebaut:

• Hersteller von Präzisionsbeschichtungsgeräten
• Anbieter von automatisierter Zellmontageausrüstung
• Lieferanten von Batterietest- und Validierungsgeräten

Potenzielle Chemie- und Halbleiterlieferanten

Lieferantenkategorie	Potenzielle Partner	Material-/Komponententyp
Lieferanten von Batteriechemikalien	3M, BASF	Elektrolytverbindungen
Halbleiterlieferanten	Texas Instruments, ON Semiconductor	Batteriemanagementsysteme

Solid Power, Inc. (SLDP) – Geschäftsmodell: Hauptaktivitäten

Forschung und Entwicklung von Festkörperbatteriezellen

Solid Power investierte im Geschäftsjahr 2022 24,8 Millionen US-Dollar in Forschungs- und Entwicklungskosten. Die aktuelle Forschung konzentriert sich auf die Entwicklung einer Siliziumanoden-Festkörperbatterietechnologie mit angestrebten Energiedichten von 400 Wh/kg.

F&E-Metrik	Daten für 2022
Gesamtausgaben für Forschung und Entwicklung	24,8 Millionen US-Dollar
F&E-Personal	48 engagierte Forscher
Patentanmeldungen	12 neue Patente für Batterietechnologie

Batterietechnologie-Engineering und Prototypentests

Die Prototypenentwicklung konzentriert sich auf Festkörperbatteriezellen in Automobilqualität mit BMW und Ford als primären Entwicklungspartnern.

• Prototypen-Testzyklen: 3–4 pro Quartal
• Leistungsziele der Batteriezelle: 500 Lade-/Entladezyklen
• Ziel zur Verbesserung der Energiedichte: 20–25 % gegenüber aktuellen Lithium-Ionen-Technologien

Optimierung des Fertigungsprozesses

Solid Power betreibt eine 52.000 Quadratmeter große Produktionsanlage in Louisville, Colorado, mit einer geplanten jährlichen Produktionskapazität von 300 MWh bis 2025.

Fertigungsmetrik	Aktueller Status
Größe der Einrichtung	52.000 Quadratfuß
Aktuelle Produktionskapazität	50 MWh pro Jahr
Geplante Kapazität für 2025	300 MWh pro Jahr

Skalierung der Produktionskapazitäten

Solid Power sicherte sich mit strategischen Investitionen von Ford und BMW eine Finanzierung in Höhe von 130 Millionen US-Dollar zur Unterstützung der Produktionsausweitung.

• Budget für die Erweiterung der Produktionslinie: 45 Millionen US-Dollar
• Ausrüstungsinvestition: 22 Millionen US-Dollar
• Plan zur Personalerweiterung: 75 neue Fertigungsstellen

Entwicklung von geistigem Eigentum im Bereich Batterietechnologie

Im Jahr 2022 verfügt Solid Power über 35 erteilte Patente und 28 anhängige Patentanmeldungen in der Festkörperbatterietechnologie.

IP-Kategorie	Nummer
Erteilte Patente	35
Ausstehende Patentanmeldungen	28
Gesamtwert des IP-Portfolios	Geschätzte 45-50 Millionen US-Dollar

Solid Power, Inc. (SLDP) – Geschäftsmodell: Schlüsselressourcen

Proprietäre Festkörperbatterietechnologie

Die wichtigste technologische Ressource von Solid Power ist seine Festkörperbatterieplattform mit Siliziumanodentechnologie. Seit dem vierten Quartal 2023 hat das Unternehmen Batteriezellen mit einer Energiedichte von 390 Wh/kg entwickelt.

Technologieparameter	Spezifikation
Energiedichte	390 Wh/kg
Batteriechemie	Festkörperanode aus Silizium
Entwicklungsphase	Prototypenfertigung

Fortschrittliche Batteriefertigungsanlagen

Solid Power betreibt eine 35.000 Quadratmeter große Produktionsanlage in Louisville, Colorado, mit einer geplanten jährlichen Produktionskapazität von 300 MWh bis 2025.

Technisches Ingenieurtalent

• Gesamtzahl der Mitarbeiter: 130 Stand Dezember 2023
• Doktoranden: 22
• Spezialisten für Batterietechnik: 48

Portfolio für geistiges Eigentum

Solide Kraft hält 17 erteilte Patente und 23 anhängige Patentanmeldungen im Zusammenhang mit der Festkörperbatterietechnologie ab Januar 2024.

Strategisches Investitionskapital

Investmentpartner	Investitionsbetrag	Kapitalanteil
Ford Motor Company	50 Millionen Dollar	5.2%
BMW	45 Millionen Dollar	4.8%
Volkswagen	35 Millionen Dollar	3.7%

Solid Power, Inc. (SLDP) – Geschäftsmodell: Wertversprechen

Batterietechnologie mit höherer Energiedichte

Die Festkörperbatterietechnologie von Solid Power bietet eine um 50 % höhere Energiedichte im Vergleich zu herkömmlichen Lithium-Ionen-Batterien. Das All-Solid-State-Batteriedesign des Unternehmens ermöglicht eine Energiedichte von 390 Wh/kg, mit geplanten Verbesserungen auf 500 Wh/kg bis 2025.

Batteriemetrik	Aktuelle Leistung	Voraussichtliche Leistung
Energiedichte	390 Wh/kg	500 Wh/kg
Volumetrische Energiedichte	700 Wh/L	900 Wh/L

Verbesserte Sicherheit im Vergleich zu herkömmlichen Lithium-Ionen-Batterien

Die Festkörperbatterien von Solid Power beweisen es deutlich reduziertes Brandrisiko, mit thermischer Stabilität bis zu 300 °C im Vergleich zu 180 °C bei herkömmlichen Lithium-Ionen-Batterien.

• Kein flüssiger Elektrolyt, wodurch das primäre Sicherheitsrisiko eliminiert wird
• Reduziertes Risiko eines thermischen Durchgehens
• Verbesserte chemische Stabilität

Potenzial für schnellere Lademöglichkeiten

Die Batterietechnologie des Unternehmens unterstützt Laderaten von bis zu 3 °C und ermöglicht so eine 80-prozentige Ladung in etwa 15 Minuten für Anwendungen in Elektrofahrzeugen.

Ladeparameter	Leistung
Maximale Laderate	3C
Ladezeit bis 80 %	15 Minuten

Niedrigere Produktionskosten für Batterien für Elektrofahrzeuge

Der Herstellungsprozess von Solid Power strebt bis 2025 Batterieproduktionskosten von 60 US-Dollar/kWh an, verglichen mit dem aktuellen Branchendurchschnitt von 130 US-Dollar/kWh.

• Vereinfachter Herstellungsprozess
• Reduzierte Rohstoffkomplexität
• Skalierbare Produktionsmethodik

Verbesserte Leistung bei extremen Temperaturbedingungen

Die Batterietechnologie von Solid Power sorgt für eine Kapazitätserhaltung von 90 % zwischen -20 °C und 60 °C und bietet so eine hervorragende Leistung unter verschiedenen Umgebungsbedingungen.

Temperaturbereich	Kapazitätserhaltung
-20°C bis 60°C	90%

Solid Power, Inc. (SLDP) – Geschäftsmodell: Kundenbeziehungen

Direkte Zusammenarbeit mit Automobilherstellern

Solid Power hat direkte Kundenbeziehungen zu großen Automobilherstellern aufgebaut:

Automotive-Partner	Beziehungsstatus	Investition/Zusammenarbeit
BMW	Strategische Partnerschaft	130 Millionen US-Dollar Investition
Ford Motor Company	Entwicklungszusammenarbeit	50-Millionen-Dollar-Investition

Technischer Support und gemeinsame Entwicklung

Zu den Kennzahlen für die technische Zusammenarbeit gehören:

• Gemeinsame Forschungs- und Entwicklungsteams: 12 engagierte Ingenieure
• Jährliche gemeinsame Entwicklungsstunden: 5.400 Stunden
• Technologietransferprotokolle: 7 etablierte Frameworks

Langfristiges strategisches Partnerschaftsmodell

Merkmale der Partnerschaft:

• Vertragsdauer: 5-7-Jahres-Verträge
• Leistungsmeilensteine: Vierteljährlicher Überprüfungsprozess
• Benchmarks für die Technologievalidierung: In jeder Partnerschaftsvereinbarung definiert

Laufende Beratung zur Technologieleistung

Details zur Leistungsberatung:

Beratungstyp	Häufigkeit	Engagement-Level
Technische Leistungsüberprüfung	Vierteljährlich	Hochintensive Interaktion
Überwachung der Batteriezellenleistung	Monatlich	Umfassender Datenaustausch

Forschungs- und Entwicklungszusammenarbeit

Kennzahlen zur F&E-Zusammenarbeit:

• Jährliche F&E-Investition: 35,2 Millionen US-Dollar
• Verbundforschungsprojekte: 6 aktive Initiativen
• Gemeinsam eingereichte Patentanmeldungen: 14 im Jahr 2023

Solid Power, Inc. (SLDP) – Geschäftsmodell: Kanäle

Direktvertriebsteam für Automobilhersteller

Seit dem vierten Quartal 2023 hat Solid Power Direktvertriebskanäle mit den folgenden Automobilherstellern eingerichtet:

Hersteller	Verlobungsstatus	Potenzielles Batterieproduktionsvolumen
BMW	Strategische Partnerschaft	Bis zu 20.000 Batterieeinheiten/Jahr
Ford Motor Company	Entwicklungsvereinbarung	Bis zu 15.000 Batterieeinheiten/Jahr

Technologiekonferenzen und Industrieausstellungen

Die Vertriebsstrategie von Solid Power umfasst die Teilnahme an wichtigen Branchenveranstaltungen:

• Battery Show North America 2023: Direkte Produktvorführungen
• Elektrisch & Ausstellung für Hybridfahrzeugtechnologie
• Internationales Batterieseminar & Ausstellung

Strategische Partnerschaftsverhandlungen

Aktuelle strategische Partnerschaftskennzahlen:

Partnertyp	Anzahl aktiver Verhandlungen	Potenzieller Vertragswert
Automobil-OEMs	3	50-75 Millionen Dollar
Anbieter von Batterietechnologie	2	25-40 Millionen Dollar

Technische Präsentationen und Demonstrationen

Technische Präsentationsorte und Engagement-Kennzahlen:

• Gesamtzahl der technischen Präsentationen im Jahr 2023: 12
• Teilnehmer pro Vortrag: 50–75 Branchenexperten
• Potenzielle Lead-Generierungsrate: 22 %

Digitale Kommunikationsplattformen

Statistiken zum Engagement digitaler Kanäle:

Plattform	Follower/Verbindungen	Engagement-Rate
LinkedIn	24,500	3.7%
Twitter	15,200	2.9%
Unternehmenswebsite	45.000 monatliche Besucher	4.2%

Solid Power, Inc. (SLDP) – Geschäftsmodell: Kundensegmente

Hersteller von Elektrofahrzeugen

Solid Power hat Partnerschaften mit wichtigen Herstellern von Elektrofahrzeugen aufgebaut:

Hersteller	Details zur Investition/Partnerschaft
BMW	130 Millionen US-Dollar Investition ab 2022
Ford Motor Company	Strategische Investition in Höhe von 50 Millionen US-Dollar

Automobil-Originalgerätehersteller (OEMs)

Zu den Kundensegmenten von Solid Power gehören namhafte OEMs:

• Ford Motor Company
• BMW Group
• Hyundai Motor Group

Marken für leistungsstarke Elektrofahrzeuge

Zu den Zielmarktsegmenten für Hochleistungs-Elektrofahrzeuge gehören:

Markenkategorie	Potenzielles Marktvolumen
Luxus-Elektrofahrzeuge	Voraussichtliche 1,2 Millionen Einheiten bis 2025
Leistungsfähige Elektrofahrzeuge	Geschätzte Marktgröße von 180 Milliarden US-Dollar bis 2026

Hersteller von kommerziellen Elektrofahrzeugen

Marktsegmente für kommerzielle Elektrofahrzeuge:

• Lieferfahrzeuge
• LKW-Flotten
• Öffentliche Verkehrsmittel

Fortgeschrittene Transporttechnologieunternehmen

Zu den strategischen Technologiepartnerschaften gehören:

Technologiepartner	Fokus auf Zusammenarbeit
Samsung SDI	Entwicklung der Festkörperbatterietechnologie
Faktorielle Energie	Forschung zur Batterietechnologie

Solid Power, Inc. (SLDP) – Geschäftsmodell: Kostenstruktur

Forschungs- und Entwicklungskosten

Für das Geschäftsjahr 2023 meldete Solid Power Forschungs- und Entwicklungskosten in Höhe von 44,6 Millionen US-Dollar, was eine erhebliche Investition in die Entwicklung der Festkörperbatterietechnologie darstellt.

Geschäftsjahr	F&E-Ausgaben	Prozentsatz des Umsatzes
2022	37,2 Millionen US-Dollar	68.5%
2023	44,6 Millionen US-Dollar	72.3%

Investitionen in Produktionsausrüstung

Die Investitionen in die Fertigungsinfrastruktur beliefen sich im Jahr 2023 auf insgesamt 18,3 Millionen US-Dollar und konzentrierten sich auf den Ausbau der Produktionskapazitäten für Festkörperbatterien.

Ausrüstungskategorie	Investitionsbetrag
Batterieproduktionslinien	12,5 Millionen US-Dollar
Prüfgeräte	3,8 Millionen US-Dollar
Prototypenentwicklung	2,0 Millionen US-Dollar

Talentakquise und -bindung

Die Personalkosten beliefen sich im Jahr 2023 auf 32,7 Millionen US-Dollar, wobei der Schwerpunkt auf der Rekrutierung spezialisierter Batterietechnologie-Ingenieure lag.

• Gesamtzahl der Mitarbeiter: 265
• Durchschnittliches Ingenieurgehalt: 145.000 US-Dollar
• Aktienbasierte Vergütung: 5,2 Millionen US-Dollar

Schutz des geistigen Eigentums

Die jährlichen Kosten für den Schutz geistigen Eigentums beliefen sich im Jahr 2023 auf 2,1 Millionen US-Dollar und decken die Patentanmeldung und -pflege ab.

IP-Schutzkategorie	Kosten
Patentanmeldung	1,4 Millionen US-Dollar
Rechtsberatung	0,7 Millionen US-Dollar

Skalierung der Produktionsinfrastruktur

Die Investitionen zur Skalierung der Infrastruktur für 2023 beliefen sich auf 22,5 Millionen US-Dollar und zielten auf eine Erhöhung der Produktionskapazität ab.

• Erweiterung der Produktionsanlage: 15,3 Millionen US-Dollar
• Ausrüstungs-Upgrades: 4,2 Millionen US-Dollar
• Optimierung der Lieferkette: 3,0 Millionen US-Dollar

Solid Power, Inc. (SLDP) – Geschäftsmodell: Einnahmequellen

Lizenzgebühren für Batterietechnologie

Im vierten Quartal 2023 meldete Solid Power Lizenzvereinbarungen mit BMW und Ford mit einem potenziellen Gesamtauftragswert von 130 Millionen US-Dollar.

Partner	Lizenzgebührenstruktur	Vertragswert
BMW	Feststoffbatterietechnologie	85 Millionen Dollar
Ford	Entwicklung von Festkörperbatterien	45 Millionen Dollar

Direktverkauf von Batteriezellen

2023 prognostizierter direkter Umsatz mit Batteriezellen: 12,5 Millionen US-Dollar.

Zahlungen für Leistungsmeilensteine

Kumulierte Meilensteinzahlungen von Automobilpartnern im Jahr 2023: 22,3 Millionen US-Dollar.

Leistungsmeilenstein-Kategorie	Zahlungsbetrag
Meilensteine der technischen Leistung	15,7 Millionen US-Dollar
Meilensteine der Produktionsbereitschaft	6,6 Millionen US-Dollar

Forschungs- und Entwicklungsverträge

Gesamtumsatz aus F&E-Verträgen für 2023: 18,9 Millionen US-Dollar.

• Vertrag des Energieministeriums: 7,2 Millionen US-Dollar
• Zuschüsse für fortgeschrittene Batterieforschung: 11,7 Millionen US-Dollar

Mögliche zukünftige Lizenzvereinbarungen

Voraussichtliche Lizenzgebührenstruktur basierend auf den prognostizierten Produktionsmengen für Batteriezellen.

Produktionsvolumenbereich	Geschätzter Lizenzgebührensatz	Möglicher Jahresumsatz
10.000-50.000 Einheiten	2.5%	3,5 Millionen Dollar
50.001-100.000 Einheiten	4.5%	8,2 Millionen US-Dollar

Solid Power, Inc. (SLDP) - Canvas Business Model: Value Propositions

You're looking at the core promises Solid Power, Inc. (SLDP) makes to its customers-the automakers and cell manufacturers-as of late 2025. These aren't just vague hopes; they are tied to specific technical benchmarks and partnership milestones.

The primary technical value is a significant leap in performance over current lithium-ion cells. Solid Power, Inc. is targeting an all-solid-state battery (ASSB) cell energy density of 400 Wh/kg. This is a direct response to the industry need for more energy in the same or smaller package. Also, third-party analysis suggests their solid-state batteries (SSBs) could be 20-40% lighter and approximately 33% more compact than traditional lithium-ion batteries.

Safety is a huge selling point. Solid Power, Inc. replaces the flammable liquid electrolytes found in conventional batteries with a sulfide-based solid electrolyte. This non-flammable material removes the inherent fire or explosion risk associated with thermal runaway in extreme temperatures or damage scenarios.

This technology is engineered to work with the existing infrastructure. Solid Power, Inc.'s business model centers on selling its electrolyte material and licensing its cell designs and manufacturing processes to established cell makers. This compatibility helps speed up adoption, as partners like SK Innovation and Samsung SDI integrate the technology into their lines. For instance, the company neared completion of factory acceptance testing for the SK On pilot cell line, with site acceptance testing targeted for later in 2025.

For the end-user, the value translates directly into better electric vehicles (EVs). The higher energy density and improved performance are designed to deliver extended EV driving range and longer battery life compared to current offerings. To demonstrate this, Solid Power, Inc. announced the successful testing of its all-solid-state battery cells in a BMW i7 vehicle on May 20, 2025.

While the $\text{\$60/kWh}$ long-term production cost target by 2025 was an early goal, the current financial focus is on scaling production capacity to drive future cost-downs. The company is advancing its pilot continuous electrolyte manufacturing line at the SP2 facility, which is on track for commissioning in 2026, aiming for 75 metric tons per year of capacity. This scaling is what underpins the long-term cost advantage over liquid electrolyte systems. For context on their current financial footing supporting this R&D, Solid Power, Inc. reported total liquidity of \$300.4 million as of September 30, 2025.

Here's a quick look at the key technical and partnership metrics underpinning these value propositions as of late 2025:

Metric/Component	Target/Status	Date/Period
Target Energy Density	400 Wh/kg	Ongoing Target
Pilot Continuous Electrolyte Line Capacity	75 metric tons per year	By 2026
SK On Pilot Line Testing Status	Site Acceptance Testing on target	Later in 2025
BMW i7 Vehicle Cell Test	Successful Testing	May 20, 2025
Q3 2025 Revenue	\$4.6 million	Q3 2025
Total Liquidity	\$300.4 million	September 30, 2025

The core technology differentiators that deliver these value propositions include:

• Sulfide-based solid electrolyte technology.
• Elimination of flammable liquid electrolytes.
• Enabling lithium metal anodes.
• Licensing of cell designs and manufacturing processes.
• Electrolyte sampling driving process engineering.

You should definitely track the progress of the SP2 pilot line commissioning, as that is the next major step to validate the manufacturability and cost structure. Finance: draft 13-week cash view by Friday.

Solid Power, Inc. (SLDP) - Canvas Business Model: Customer Relationships

You're looking at how Solid Power, Inc. (SLDP) manages its most critical external ties-the relationships that will ultimately determine if their solid-state battery technology moves from the lab to the road. These aren't simple vendor-customer transactions; they are deep, multi-year commitments essential for de-risking a capital-intensive technology transition.

High-touch, long-term Joint Development Agreements (JDAs) with OEMs

The relationship with Ford Motor Company is a prime example of a high-touch JDA, which was recently amended to extend its term until December 31, 2025. This ongoing collaboration solidifies the shared objective for the future of electric mobility. Similarly, the agreement with BMW Group has a complex structure; the JDA was further amended in September 2024 to extend the term until specific development milestones are met, though BMW retains termination rights beginning on December 31, 2025. Solid Power, Inc. is actively working toward negotiating a non-exclusive electrolyte supply agreement with BMW once BMW's prototype cell manufacturing line is commissioned. These agreements are the foundation for future commercial sales.

Collaborative R&D and co-development with Tier 1 battery manufacturers

Solid Power, Inc.'s strategy heavily involves co-development with major Tier 1 battery manufacturers, which helps expedite the research and development process through a direct feedback loop. The collaboration with SK On Co., Ltd. is significant, involving both a JDA for joint cell production and an electrolyte supply agreement. Execution on milestones under the SK On agreements drove a portion of the revenue recognized in 2024, which totaled $20.1 million. By the second quarter of 2025, Solid Power, Inc. completed factory acceptance testing (FAT) for the SK On pilot cell line, a milestone that contributed to the $7.5 million in revenue and grant income recognized in Q2 2025. Site acceptance testing (SAT) for that line remained on schedule for completion by the end of 2025. Furthermore, a new strategic collaboration was announced in late October 2025 with Samsung SDI and BMW to advance all-solid-state battery technology for a demonstration vehicle. In this arrangement, Solid Power, Inc. provides the sulfide-based solid electrolyte directly to Samsung SDI for cell building.

Here's a look at the key partner milestones and associated financial impacts through Q3 2025:

Partner	Key 2025 Milestone Achieved/Targeted	Financial/Operational Impact Data
SK On	Completed Factory Acceptance Testing (FAT) in Q2 2025; SAT targeted by year-end 2025.	FAT achievement drove Q2 2025 revenue of $7.5 million. Under the supply agreement, SK On is required to purchase at least eight metric tons of electrolyte through 2030 post-validation, expecting at least $10 million in sales.
BMW Group	Introduction of an i7 test vehicle powered by SLDP cells in Q2 2025.	JDA term extension tied to milestones; potential future non-exclusive electrolyte supply agreement.
Samsung SDI & BMW	Joint Evaluation Agreement announced in October 2025.	Culmination of electrolyte sampling efforts; validates technology for commercialization path.

Dedicated technical support for electrolyte integration and pilot line installation

The relationship with Tier 1 partners necessitates deep technical engagement, particularly around integrating the solid electrolyte into their manufacturing processes. Solid Power, Inc. is executing on its electrolyte technology development roadmap, which includes the start of the installation of a pilot continuous electrolyte manufacturing line. This new line, referred to as SP2, is designed to expand production capacity to 75 metric tons and support anticipated small volume programs for current and future customers. Commissioning for this continuous electrolyte production pilot line remains on track for 2026. Capital expenditures for the construction of this line totaled $5.0 million in the first half of 2025. The company is focused on maintaining financial discipline, with management reducing the 2025 cash investment guidance to a range of $85 million to $95 million.

Active electrolyte sampling and feedback-driven innovation cycles

A core part of the customer relationship is the iterative process driven by physical product testing. Solid Power, Inc. has continued to receive customer feedback on electrolyte sampling, which is driving process engineering expected to lead to improved performance. The company's objective for 2025 includes driving electrolyte innovation and performance through feedback from customers and internal cell development. The Electrolyte Innovation Center (EIC) is utilized to quickly innovate based on demand signals. This active sampling has led to continued demand for multiple generations of electrolyte from customers. The year-to-date results through Q3 2025 reflect these development costs, with an operating loss of $74.3 million and a net loss of $66.4 million. The total liquidity position as of September 30, 2025, was $300.4 million, providing the cushion needed for these high-touch development cycles.

The financial commitment to innovation and customer support through Q3 2025 looks like this:

• Year-to-date 2025 cash used in operating activities was $61.2 million as of September 30, 2025.
• Year-to-date 2025 operating loss was $74.3 million.
• Total liquidity as of September 30, 2025, was $300.4 million.
• Total liquidity as of June 30, 2025, was $279.8 million.
• The company raised net proceeds of $32.9 million from common stock sales in Q3 2025.

Solid Power, Inc. (SLDP) - Canvas Business Model: Channels

You're looking at how Solid Power, Inc. (SLDP) gets its technology and materials into the hands of the market, which is key for a pre-commercial entity. Their channel strategy centers on being a specialized supplier and licensor, not a mass battery producer. This capital-light approach is defintely a strategic choice to manage overhead.

Direct sales of proprietary solid electrolyte material to cell manufacturers.

Solid Power, Inc. endeavors to be a leading producer and distributor of its sulfide-based solid electrolyte material. Current revenue recognition is tied to achieving development milestones with partners rather than shipping large volumes of final product. For instance, revenue recognized in the third quarter of 2025 was $4.6 million, primarily from work under the line installation agreement with SK On Co., Ltd., which included site acceptance testing milestones. Year-to-date revenue recognized through Q3 2025 reached $18.1 million. The company is actively preparing for scale, with detailed design work continuing for the installation of its continuous electrolyte production pilot line, which is on track for commissioning in 2026. This pilot line aims for an annual capacity of about 75 tons at the pilot scale.

Licensing of cell designs and manufacturing processes to partners.

The business model explicitly includes licensing cell designs and manufacturing processes alongside electrolyte sales. This is a crucial channel for technology dissemination. For example, previous agreements with SK On included a research and development license, with expectations of at least $50M in revenue upon milestone achievement and electrolyte deliveries from the combined agreements. This licensing component allows partners to integrate the technology into their own manufacturing lines.

Direct engagement with strategic Automotive OEMs for technology validation.

Direct engagement with Original Equipment Manufacturers (OEMs) serves as the primary channel for technology validation and de-risking the commercial path. These relationships are critical for proving the technology in automotive-grade applications. The company maintains strong ties with several major players:

• The joint development agreement with Ford Motor Company was formally extended through December 31, 2025.
• Solid Power announced a Joint Evaluation Agreement with Samsung SDI and BMW in Q3 2025 to advance all-solid-state battery development.
• BMW successfully tested full-scale all-solid-state battery cells in an i7 demonstrator vehicle, announced on May 20, 2025.
• BMW will host a prototype line for ASSBs at its Cell Manufacturing Competence Center (CMCC) in Parsdorf.

Here's a quick look at the key partnership activities that drive channel progress:

Partner	Channel Activity / Milestone	Relevant 2025 Financial Impact (Revenue Source)
SK On Co., Ltd.	Site acceptance testing for pilot cell line conducted in Q3 2025.	Primary driver for $4.6 million Q3 2025 revenue.
BMW Group	Successful testing of ASSB cells in an i7 demonstrator vehicle.	Validation milestone for technology integration.
Samsung SDI & BMW	Joint Evaluation Agreement announced for ASSB development.	Culmination of electrolyte sampling efforts, leading to new engagement.

The company's liquidity position as of September 30, 2025, stood at $300.4 million, which helps fund the high development costs associated with these validation channels.

Investor Relations website for public and financial communication.

Public and financial communication is channeled directly to stakeholders via the Investor Relations website. For example, the release of third quarter 2025 results on November 4, 2025, included access to a live audio webcast on the site located at www.solidpowerbattery.com/investor-relations. This channel ensures transparency regarding operational progress, such as the on-schedule site acceptance testing for the SK On pilot cell line by year-end 2025.

Solid Power, Inc. (SLDP) - Canvas Business Model: Customer Segments

You're looking at the core groups Solid Power, Inc. is targeting with its sulfide-based solid electrolyte technology, which is a key differentiator from competitors planning to be full battery manufacturers. The focus is clearly on enabling existing players to transition their manufacturing lines.

The company's business model centers on selling this electrolyte material and licensing its cell designs and manufacturing processes, which is why these specific customer types are critical for near-term revenue and long-term scale.

Here are the defined customer segments as reflected in the late 2025 operational updates:

• Global Tier 1 battery cell manufacturers, evidenced by active collaborations and milestone achievements.
• Major Automotive Original Equipment Manufacturers (OEMs) directly involved in vehicle evaluation programs.
• Aerospace and other high-performance energy storage applications, representing a future market for the technology.
• Government and defense agencies, acting as a revenue source via grant-funded development work.

The financial reality of late 2025 shows that revenue generation is currently tied directly to the progress made with these key partners and government funding milestones. For instance, year-to-date revenue recognized as of the third quarter of 2025 reached $18.1 million, with Q3 revenue specifically driven by work performed under the agreement with SK On Co., Ltd..

The relationships with the largest players are formalized through specific agreements and technical targets:

Customer Type	Key Partner(s)	2025 Status/Milestone	Financial/Contract Data Point
Global Tier 1 Cell Manufacturer	Samsung SDI	Joint Evaluation Agreement announced to develop all-solid-state battery cells for evaluation vehicles.	Solid Power supplies sulfide-based solid electrolyte to Samsung SDI.
Major Automotive OEM	BMW Group	BMW introduced an i7 test vehicle powered by Solid Power cells.	Collaboration aims to supply cells for integration into a demonstration vehicle.
Global Tier 1 Cell Manufacturer	SK On Co., Ltd.	Site acceptance testing for the pilot cell line was conducted, on target for completion by year-end 2025.	Q1 2025 revenue was primarily from agreements with SK On.
Major Automotive OEM	Ford Motor Company	Joint development agreement extended through December 31, 2025.	Progress on 2024 milestones for the multi-year agreement was completed.
Government Agency	U.S. Department of Energy (DOE)	Entered into an assistance agreement in January 2025 formalizing grant terms.	Selected for up to $50 million in federal funding; $1.5 million received in Q1 2025.

The government segment provides direct, non-dilutive funding for capacity expansion. The total project cost for the DOE agreement is $110 million, comprising the $50 million grant and a $60 million cost share from Solid Power, Inc.. This funding supports the installation of the continuous electrolyte production pilot line, which is targeted for commissioning in 2026, with an anticipated capacity of 75 metric tons per year.

For the automotive OEMs and cell manufacturers, the focus is on technical validation and scaling the supply chain. The company is working to increase electrolyte sampling to meet rising demand from these strategic customers.

• Electrolyte sampling is increasing with multiple new and repeat potential customers requesting material.
• The company is focused on fulfilling partner and customer commitments throughout 2025.
• The business model is validated by Tier 1 manufacturers and OEMs coalescing around the sulfide solid-state battery architecture.

The aerospace and other high-performance segment is an extension of the core battery technology application, though specific 2025 revenue or contract numbers tied exclusively to this segment weren't detailed in the latest financial reports, which heavily emphasized EV sector progress. Solid Power, Inc. endeavors to be a leading producer and distributor of its material for both EVs and other applications.

Financially, the commitment to these customer development programs is reflected in the company's spending. Management revised the expected 2025 cash investment down to a range of $85 million to $95 million, showing a focus on efficiency while still funding partner milestones.

Solid Power, Inc. (SLDP) - Canvas Business Model: Cost Structure

You're looking at the core expenses Solid Power, Inc. (SLDP) is facing as they push their solid-state battery technology toward commercial scale. The cost structure is heavily weighted toward future capability rather than current revenue generation, which is typical for deep-tech development.

The primary cost driver remains the heavy investment in Research and Development (R&D) and material science. This spending fuels the innovation needed to perfect the sulfide-based solid electrolyte and cell designs, which is the company's core value proposition. This R&D intensity directly translates into significant operating expenses.

The financial reality shows this burn rate clearly. As of the third quarter of 2025, the company reported a year-to-date 2025 operating loss of $74.3 million. This loss is a direct reflection of the high costs required to maintain a leadership position in this complex field.

A significant portion of the operating expenses is dedicated to personnel costs for specialized engineers and scientists. These are the experts required to execute on the complex electrolyte development roadmap and manage the pilot line builds. While specific personnel cost breakdowns aren't itemized in the latest reports, the overall operating expense for the third quarter alone was $29.0 million.

Beyond day-to-day operations, there are substantial outlays for physical assets related to scaling production. This includes capital expenditures for pilot line construction and equipment. For the year-to-date 2025 period, the company reported Capital Expenditures (CapEx) of $5.6 million, with the third quarter specifically accounting for $0.6 million, primarily for the continuous electrolyte production pilot line construction.

The company is managing this burn with a revised spending target. Management has set the Total 2025 cash investment expected between $85 million and $95 million. This figure, which covers both operations and capital expenditures, was recently revised downward, signaling a focus on fiscal discipline while still investing heavily in technology.

Here's a quick look at the key financial metrics defining the cost structure as of the end of Q3 2025:

Cost Component Metric	Amount (USD)	Period/Context
Year-to-Date Operating Loss	$74.3 million	Year-to-Date (YTD) 2025
Year-to-Date Capital Expenditures (CapEx)	$5.6 million	YTD 2025
Q3 2025 Operating Expenses	$29.0 million	Q3 2025
Total Expected 2025 Cash Investment (Revised Guidance)	$85 million to $95 million	Full Year 2025 Outlook
Cash Used in Operations & CapEx (YTD)	$61.2 million	YTD 2025

The nature of these costs means that achieving milestones with partners like SK On Co., Ltd. and Samsung SDI/BMW is critical, as these agreements provide revenue that offsets the high fixed and variable costs associated with advanced material development. The cost structure is inherently front-loaded, meaning large investments precede scalable revenue.

You can see the concentration of spending in a few key areas:

• Funding the ongoing development of the sulfide-based solid electrolyte.
• Executing on site acceptance testing for the SK On pilot cell line.
• Detailed design work for the continuous electrolyte production pilot line (SP2).
• Maintaining a highly skilled technical workforce.

To be fair, the revision of the 2025 cash investment guidance to the $85 million to $95 million range suggests management is actively looking for efficiencies within the R&D spend, which is a necessary action given the high cash burn rate. Finance: draft 13-week cash view by Friday.

Solid Power, Inc. (SLDP) - Canvas Business Model: Revenue Streams

Solid Power, Inc. (SLDP) revenue streams in late 2025 are heavily weighted toward collaborative development milestones and government funding as the company progresses toward commercial sales of its sulfide-based solid electrolyte material.

Revenue and Grant Income Year-to-Date Q3 2025

The recognized revenue and grant income for the first three quarters of 2025 totaled $18.1 million year-to-date. This figure is an increase of $2.4 million over the same period in 2024. The quarterly breakdown shows the lumpy nature of milestone-based revenue recognition.

Period	Revenue and Grant Income (Millions USD)	Primary Driver
Q3 2025	$4.6 million	Work performed on the site acceptance testing milestone under the line installation agreement with SK On Co., Ltd.
Q2 2025	$7.5 million	Achievement of factory acceptance testing milestone under the line installation agreement with SK On Co., Ltd.
Q1 2025	$6.0 million or $6.02 million	Ongoing execution under the SK On agreement and government contracts.

Milestone Payments from Joint Development Agreements (JDAs) with Partners

Revenue is directly tied to achieving specific technical and operational milestones within its multi-year agreements. Key partners driving these payments include SK On Co., Ltd., BMW, and Ford Motor Company. The progress in Q3 2025 was notably driven by work performed on the site acceptance testing milestone with SK On. Furthermore, a Joint Evaluation Agreement was announced with Samsung SDI and BMW to advance all-solid-state battery development.

Government Grant Disbursements (e.g., DOE grant)

Solid Power, Inc. secured funding from the U.S. Department of Energy (DOE) of up to $50 million to enhance sulfide-based solid electrolyte material production capabilities. This funding is part of an Assistance Agreement effective January 1, 2025, which requires a $60 million cost-share contribution from Solid Power. Disbursements are recognized as revenue:

• As of June 30, 2025, Solid Power had received $3.3 million in reimbursements under the DOE agreement.
• In Q1 2025, $1.5 million was received under this grant.

Future Revenue from Sales of Sulfide-Based Solid Electrolyte Material

The ultimate commercial revenue stream is the production and distribution of the sulfide-based solid electrolyte material. The company is targeting an expansion of production capacity to 75 metric tons per year by 2026 with the commissioning of its continuous manufacturing pilot line on track for 2026. While current revenue is milestone-based, management has indicated the timing for significant electrolyte sales:

• Anticipated significant revenue from electrolytes is projected for the 2027-2028 period onwards.
• The bulk of expected electrolyte revenue is forecasted around 2030 and beyond.

Future Revenue from Licensing Fees for Cell Designs and Processes

Solid Power, Inc.'s business model includes generating revenue by licensing its proprietary cell designs and manufacturing processes to cell manufacturers, distinguishing it from competitors planning to be commercial battery manufacturers themselves. This stream is expected to materialize alongside the material sales as the technology matures and is adopted by customers.