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Materials

Sila raises $375 million for silicon anode plant

by Matt Blois
July 11, 2024 | A version of this story appeared in Volume 102, Issue 21
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Sila Nanotechnologies has raised $375 million to complete a facility it’s building in Washington State that will produce silicon-rich anode materials for batteries. Nearly all lithium-ion batteries use graphite anode materials, but silicon can store more energy. The company hopes to deliver anode materials to customers by the end of 2025. Group14 Technologies, a Sila competitor, is commissioning a silicon anode facility in South Korea and hopes to finish one in Washington this year.

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