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Business

SK, Solid Power plan solid-state batteries

by Matt Blois
November 7, 2021 | A version of this story appeared in Volume 99, Issue 41
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A photo of a stack of solid-state lithium-ion batteries.
Credit: Solid Power
Solid Power builds its lithium-ion batteries with a sulfide solid electrolyte.

The battery makers SK Innovation and Solid Power are partnering to improve the energy density and commercial production of solid-state batteries for electric vehicles. Solid Power will license its technology to SK, which hopes to produce solid-state batteries on machinery designed to make lithium-ion batteries. SK is also acquiring a $30 million stake in Solid Power, which is in the process of going public by merging with a special purpose acquisition company.

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