11 Best Lithium and Battery Stocks To Invest In

9. Solid Power, Inc. (NASDAQ:SLDP)

Number of Hedge Fund Holders: 12

Solid Power, Inc. (NASDAQ:SLDP) specializes in solid-state battery technology, focusing on applications in electric vehicles and other sectors. The company is known for its sulfide-based solid electrolytes and licenses its innovative cell designs and manufacturing methods. Its technology improves battery safety and boosts energy density by 50-75% compared to traditional batteries. This positions the company as a key player in industries like EVs, electronics, and aerospace.

Solid Power continues to work closely with partners like BMW and SK On, focusing on developing competitive solid-state battery technology for automotive applications. Additionally, the company signed a non-binding Memorandum of Understanding (MoU) with a major battery manufacturer to explore potential collaboration on electrolyte development. It is also strengthening relationships with research institutes in Korea.

Solid Power (NASDAQ:SLDP) management highlighted significant milestones in Q3, including the U.S. Department of Energy (DOE) selecting the company to negotiate a $50 million grant for a project aimed at producing sulfide-based solid electrolyte materials for all-solid-state batteries (ASSBs). This selection is seen as a validation of Solid Power’s technology and business model.

The company is focused on advancing both the performance and manufacturing of its electrolyte products, moving from batch production to a continuous manufacturing process, with the first pilot line planned for installation within the next 12-18 months. By 2026, Solid Power expects to produce 75 metric tons of electrolytes per year, increasing to 140 metric tons by 2028. On the cell side, the company made improvements to its A-2 cell design, aiming for higher performance in safety and energy density, with testing expected in early 2025.