Solid Power, Inc. (SLDP): Modelo de negócios Canvas [Jan-2025 Atualizado]

No cenário em rápida evolução da tecnologia de veículos elétricos, a Solid Power, Inc. (SLDP) surge como um inovador inovador, revolucionando o design da bateria por meio de sua tecnologia de bateria de estado sólido de ponta. Com parcerias estratégicas com gigantes automotivos como BMW e Ford, esta empresa pioneira está pronta para transformar o ecossistema de veículos elétricos, fornecendo baterias que prometem maior densidade de energia, segurança aprimorada e desempenho sem precedentes em condições extremas de temperatura. Mergulhe na intrincada tela do modelo de negócios que revela como a energia sólida está se posicionando na vanguarda da revolução da bateria da próxima geração, desafiando as tecnologias tradicionais de íon de lítio e potencialmente remodelando o futuro da mobilidade elétrica.

Solid Power, Inc. (SLDP) - Modelo de negócios: Parcerias -chave

Investidores Automotivos Estratégicos e Parceiros de Desenvolvimento

O poder sólido estabeleceu parcerias -chave com BMW e Ford, que fizeram investimentos significativos na empresa:

Parceiro	Valor do investimento	Participação em ações
BMW	US $ 130 milhões	19.3%
Ford	US $ 130 milhões	19.3%

Parceria dos Materiais da Bateria

Sólido poder colabora com Albemarle Corporation Para materiais críticos de bateria de íons de lítio:

• Contrato de fornecimento de lítio
• Desenvolvimento avançado de material eletrólito
• Parceria de fornecimento estratégico de longo prazo

Colaborações de pesquisa e tecnologia

Instituição de pesquisa	Área de foco	Tipo de colaboração
Universidade do Colorado Boulder	Tecnologia de bateria de estado sólido	Parceria de pesquisa
Escola de Minas do Colorado	Engenharia de materiais de bateria	Programa de pesquisa conjunta

Fornecedores de equipamentos de fabricação

A energia sólida estabeleceu parcerias com fornecedores especializados de equipamentos de fabricação de baterias:

• Fabricantes de equipamentos de revestimento de precisão
• Provedores automatizados de equipamentos de montagem de células
• Fornecedores de equipamentos de teste e validação de bateria

Fornecedores químicos e semicondutores em potencial

Categoria de fornecedores	Parceiros em potencial	Tipo de material/componente
Fornecedores de produtos químicos da bateria	3M, BASF	Compostos eletrolíticos
Fornecedores de semicondutores	Texas Instruments, em semicondutor	Sistemas de gerenciamento de bateria

Solid Power, Inc. (SLDP) - Modelo de negócios: Atividades -chave

Pesquisa e desenvolvimento de células de bateria de estado sólido

A Solid Power investiu US $ 24,8 milhões em despesas de P&D no ano fiscal de 2022. A pesquisa atual se concentra no desenvolvimento da tecnologia de bateria de estado sólido de ânodo de silício, com densidades de energia direcionadas a 400 wh/kg.

Métrica de P&D	2022 dados
Despesas totais de P&D	US $ 24,8 milhões
Pessoal de P&D	48 pesquisadores dedicados
Aplicações de patentes	12 novas patentes de tecnologia de bateria

Engenharia de Tecnologia de Bateria e Teste de Protótipo

O desenvolvimento do protótipo se concentra em células de bateria de estado sólido de nível automotivo com BMW e Ford como parceiros de desenvolvimento primário.

• Ciclos de teste de protótipo: 3-4 por trimestre
• Alvos de desempenho da célula da bateria: 500 ciclos de carga/descarga
• Objetivo de melhoria da densidade de energia: 20-25% em relação às tecnologias atuais de íons de lítio

Otimização do processo de fabricação

A Solid Power opera uma instalação de fabricação de 52.000 pés quadrados em Louisville, Colorado, com capacidade de produção anual planejada de 300 MWh até 2025.

Métrica de fabricação	Status atual
Tamanho da instalação	52.000 pés quadrados
Capacidade de produção atual	50 mwh por ano
Capacidade planejada de 2025	300 mwh por ano

Escala de recursos de produção

A sólida energia garantiu US $ 130 milhões em financiamento para apoiar a expansão da produção, com investimentos estratégicos da Ford e da BMW.

• Orçamento de expansão da linha de produção: US $ 45 milhões
• Investimento de equipamentos: US $ 22 milhões
• Plano de expansão da força de trabalho: 75 novas posições de fabricação

Tecnologia da bateria Desenvolvimento da propriedade intelectual

A partir de 2022, a energia sólida mantém 35 patentes concedidas e 28 pedidos de patentes pendentes na tecnologia de bateria de estado sólido.

Categoria IP	Número
Patentes concedidas	35
Aplicações de patentes pendentes	28
Valor total do portfólio IP	Estimado US $ 45-50 milhões

Solid Power, Inc. (SLDP) - Modelo de negócios: Recursos -chave

Tecnologia de bateria de estado sólido proprietário

O recurso tecnológico principal da Solid Power envolve sua plataforma de bateria de estado sólido com tecnologia de ânodo de silício. A partir do quarto trimestre 2023, a empresa desenvolveu células de bateria com densidade de energia de 390 wh/kg.

Parâmetro de tecnologia	Especificação
Densidade energética	390 WH/KG
Química da bateria	Ânodo de silício Estado sólido
Estágio de desenvolvimento	Produção de protótipo

Instalações avançadas de fabricação de baterias

A Solid Power opera uma instalação de fabricação de 35.000 pés quadrados em Louisville, Colorado, com capacidade de produção anual planejada de 300 MWh até 2025.

Talento de engenharia técnica

• Total de funcionários: 130 em dezembro de 2023
• Engenheiros no nível de doutorado: 22
• Especialistas em engenharia de baterias: 48

Portfólio de propriedade intelectual

A energia sólida é mantida 17 patentes concedidas e 23 pedidos de patente pendente Relacionado à tecnologia de bateria de estado sólido em janeiro de 2024.

Capital de investimento estratégico

Parceiro de investimento	Valor do investimento	Participação em ações
Ford Motor Company	US $ 50 milhões	5.2%
BMW	US $ 45 milhões	4.8%
Volkswagen	US $ 35 milhões	3.7%

Solid Power, Inc. (SLDP) - Modelo de negócios: proposições de valor

Tecnologia de bateria de maior densidade de energia

A tecnologia de bateria de estado sólido da Solid Power oferece densidade de energia 50% maior em comparação com as baterias tradicionais de íons de lítio. O design de bateria de estado sólido da empresa permite 390 WH/KG de densidade de energia, com melhorias projetadas para 500 WH/KG até 2025.

Métrica da bateria	Desempenho atual	Desempenho projetado
Densidade energética	390 WH/KG	500 wh/kg
Densidade de energia volumétrica	700 WH/L.	900 WH/L.

Segurança aprimorada em comparação com as baterias tradicionais de íons de lítio

As baterias de estado sólido da Solid Power demonstram risco de incêndio significativamente reduzido, com estabilidade térmica de até 300 ° C em comparação com 180 ° C para baterias convencionais de íons de lítio.

• Nenhum eletrólito líquido, eliminando o risco de segurança primária
• Risco reduzido de fuga térmica
• Estabilidade química aprimorada

Potencial para recursos de carregamento mais rápidos

A tecnologia de baterias da empresa suporta taxas de cobrança de até 3C, permitindo uma cobrança de 80% em aproximadamente 15 minutos para aplicações de veículos elétricos.

Parâmetro de carregamento	Desempenho
Taxa de carregamento máximo	3c
Cobrar tempo para 80%	15 minutos

Custos de produção mais baixos para baterias de veículos elétricos

O processo de fabricação da Solid Power tem como alvo os custos de produção de bateria de US $ 60/kWh até 2025, em comparação com a média atual da indústria de US $ 130/kWh.

• Processo de fabricação simplificado
• Complexidade da matéria -prima reduzida
• Metodologia de produção escalável

Desempenho aprimorado em condições de temperatura extrema

A tecnologia de bateria da Solid Power mantém a retenção de 90% da capacidade entre -20 ° C e 60 ° C, oferecendo desempenho superior em diversas condições ambientais.

Faixa de temperatura	Retenção de capacidade
-20 ° C a 60 ° C.	90%

Solid Power, Inc. (SLDP) - Modelo de Negócios: Relacionamentos do Cliente

Engajamento direto com fabricantes de automóveis

A energia sólida estabeleceu o relacionamento direto do cliente com os principais fabricantes de automóveis:

Parceiro automotivo	Status do relacionamento	Investimento/colaboração
BMW	Parceria estratégica	US $ 130 milhões em investimento
Ford Motor Company	Colaboração de desenvolvimento	Investimento de US $ 50 milhões

Suporte técnico e desenvolvimento colaborativo

As métricas de colaboração técnica incluem:

• Equipes conjuntas de P&D: 12 engenheiros dedicados
• Horário anual de desenvolvimento colaborativo: 5.400 horas
• Protocolos de transferência de tecnologia: 7 estruturas estabelecidas

Modelo de parceria estratégica de longo prazo

Características de parceria:

• Duração do contrato: acordos de 5 a 7 anos
• Marcos de desempenho: processo trimestral de revisão
• Benchmarks de validação de tecnologia: definido em cada contrato de parceria

Consulta de desempenho em tecnologia em andamento

Detalhes da consulta de desempenho:

Tipo de consulta	Freqüência	Nível de engajamento
Revisão de desempenho técnico	Trimestral	Interação de alta intensidade
Monitoramento de desempenho da célula da bateria	Mensal	Compartilhamento de dados abrangente

Colaboração de pesquisa e desenvolvimento

Métricas de colaboração de P&D:

• Investimento anual de P&D: US $ 35,2 milhões
• Projetos de pesquisa colaborativa: 6 iniciativas ativas
• Pedidos de patente arquivados em conjunto: 14 em 2023

Solid Power, Inc. (SLDP) - Modelo de Negócios: Canais

Equipe direta de vendas direcionando fabricantes automotivos

A partir do quarto trimestre 2023, a energia sólida estabeleceu canais de vendas diretas com os seguintes fabricantes automotivos:

Fabricante	Status de engajamento	Potencial volume de produção de bateria
BMW	Parceria estratégica	Até 20.000 unidades de bateria/ano
Ford Motor Company	Contrato de Desenvolvimento	Até 15.000 unidades de bateria/ano

Conferências de Tecnologia e Exposições da Indústria

A estratégia de canal da Solid Power inclui a participação em eventos importantes da indústria:

• Bateria Show da América do Norte 2023: demonstrações diretas do produto
• Elétrico & Expo de tecnologia de veículos híbridos
• Seminário Internacional de Bateria & Exposição

Negociações de parceria estratégica

Métricas atuais de parceria estratégica:

Tipo de parceiro	Número de negociações ativas	Valor potencial do contrato
OEMs automotivos	3	US $ 50-75 milhões
Provedores de tecnologia de bateria	2	US $ 25-40 milhões

Apresentações e demonstrações técnicas

Locais de apresentação técnica e métricas de engajamento:

• Apresentações técnicas totais em 2023: 12
• Participantes por apresentação: 50-75 profissionais do setor
• Taxa potencial de geração de leads: 22%

Plataformas de comunicação digital

Estatísticas de engajamento do canal digital:

Plataforma	Seguidores/conexões	Taxa de engajamento
LinkedIn	24,500	3.7%
Twitter	15,200	2.9%
Site da empresa	45.000 visitantes mensais	4.2%

Solid Power, Inc. (SLDP) - Modelo de negócios: segmentos de clientes

Fabricantes de veículos elétricos

A energia sólida estabeleceu parcerias com os principais fabricantes de veículos elétricos:

Fabricante	Detalhes de investimento/parceria
BMW	US $ 130 milhões em investimento a partir de 2022
Ford Motor Company	US $ 50 milhões em investimento estratégico

Fabricantes de equipamentos originais automotivos (OEMs)

Os segmentos de clientes da Solid Power incluem OEMs proeminentes:

• Ford Motor Company
• Grupo BMW
• Hyundai Motor Group

Marcas de veículos elétricos de alto desempenho

Segmentos de mercado de veículos elétricos de alto desempenho de alto desempenho incluem:

Categoria de marca	Volume potencial de mercado
Veículos elétricos de luxo	Projetado 1,2 milhão de unidades até 2025
Veículos elétricos de desempenho	Tamanho estimado do mercado de US $ 180 bilhões até 2026

Produtores de veículos elétricos comerciais

Segmentos comerciais de mercado de veículos elétricos:

• Veículos de entrega
• Frotas de caminhões
• Transporte público

Empresas avançadas de tecnologia de transporte

As parcerias de tecnologia estratégica incluem:

Parceiro de tecnologia	Foco de colaboração
Samsung SDI	Desenvolvimento da tecnologia de bateria de estado sólido
Energia fatorial	Pesquisa em tecnologia de bateria

Solid Power, Inc. (SLDP) - Modelo de negócios: estrutura de custos

Despesas de pesquisa e desenvolvimento

Para o ano fiscal de 2023, a Solid Power reportou despesas de P&D de US $ 44,6 milhões, representando um investimento significativo no desenvolvimento da tecnologia de bateria de estado sólido.

Ano fiscal	Despesas de P&D	Porcentagem de receita
2022	US $ 37,2 milhões	68.5%
2023	US $ 44,6 milhões	72.3%

Investimentos de equipamentos de fabricação

As despesas de capital para a infraestrutura de fabricação totalizaram US $ 18,3 milhões em 2023, focadas na expansão dos recursos de produção de bateria de estado sólido.

Categoria de equipamento	Valor do investimento
Linhas de produção de bateria	US $ 12,5 milhões
Equipamento de teste	US $ 3,8 milhões
Desenvolvimento de protótipo	US $ 2,0 milhões

Aquisição e retenção de talentos

As despesas de pessoal para 2023 foram de US $ 32,7 milhões, com foco no recrutamento de engenheiros especializados de tecnologia de baterias.

• Total de funcionários: 265
• Salário médio de engenharia: US $ 145.000
• Compensação baseada em ações: US $ 5,2 milhões

Proteção à propriedade intelectual

Os custos anuais de proteção à propriedade intelectual atingiram US $ 2,1 milhões em 2023, cobrindo o registro e a manutenção de patentes.

Categoria de proteção IP	Despesa
Registro de patentes	US $ 1,4 milhão
Consultoria legal	US $ 0,7 milhão

Escala de infraestrutura de produção

Os investimentos em escala de infraestrutura para 2023 totalizaram US $ 22,5 milhões, direcionando o aumento da capacidade de fabricação.

• Expansão da instalação de produção: US $ 15,3 milhões
• Atualizações de equipamentos: US $ 4,2 milhões
• Otimização da cadeia de suprimentos: US $ 3,0 milhões

Solid Power, Inc. (SLDP) - Modelo de negócios: fluxos de receita

TEMPOLA DE TECNOLO DE BATERIA TAXAS DE LICENCIAMENTO

A partir do quarto trimestre 2023, a Solid Power relatou acordos de licenciamento com a BMW e a Ford, com o valor total do contrato potencial de US $ 130 milhões.

Parceiro	Estrutura de taxas de licenciamento	Valor do contrato
BMW	Tecnologia de bateria de estado sólido	US $ 85 milhões
Ford	Desenvolvimento de bateria em estado sólido	US $ 45 milhões

Vendas diretas de células de bateria

2023 Receita projetada de vendas de células de bateria direta: US $ 12,5 milhões.

Pagamentos de marco de desempenho

Os pagamentos acumulados de marcos recebidos dos parceiros automotivos em 2023: US $ 22,3 milhões.

Categoria de marco de desempenho	Valor do pagamento
Marcos de desempenho técnico	US $ 15,7 milhões
Prontidão de produção Marcos	US $ 6,6 milhões

Contratos de pesquisa e desenvolvimento

Receita total de contrato de P&D para 2023: US $ 18,9 milhões.

• Contrato do Departamento de Energia: US $ 7,2 milhões
• Subsídios avançados de pesquisa de bateria: US $ 11,7 milhões

Potenciais acordos futuros de royalties

Estrutura de royalties antecipada com base nos volumes de produção de células de bateria projetados.

Faixa de volume de produção	Taxa de royalties estimada	Receita anual potencial
10.000-50.000 unidades	2.5%	US $ 3,5 milhões
50.001-100.000 unidades	4.5%	US $ 8,2 milhões

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.