Solid Power in Thornton to receive $50 million to continue producing clean batteries that power Colorado’s popular electric vehicles

THORNTON - On September 20, 2024, Governor Polis and the Colorado Energy Office applauded the Biden-Harris administration for continuing to invest in clean energy in Colorado and around the country. Solid Power in Thornton will receive $50 million to produce materials that create batteries needed for electric vehicles. Colorado is among the top states for EV adoption in the nation, with more than 22% of new cars sold being electric.

“Congratulations to Solid Power on this major investment that will continue driving Colorado’s leadership in electric vehicles. The strong partnership of the Biden-Harris administration is helping Colorado lead the way in providing low-cost, zero-emission tech, saving people money and improving air quality,” said Governor Jared Polis.

“Electric vehicles are becoming more popular nationwide, and innovative new technologies continue to make these vehicles better and better,” said Colorado Energy Office Executive Director Will Toor. “As EV adoption soars in Colorado, we are pleased to see Colorado businesses play such an important role in electrifying the transportation system, and we thank the Department of Energy for their continued investment in Colorado.”

Solid Power is a national leader in creating the sulfide-based solid electrolytes that help manufacture all-solid-state batteries, which can power electric vehicles. Their batteries are expected to provide more energy with a longer life, and safer and lower cost than conventional lithium-ion technology. With this grant, Solid Power plans to expand their production in Thornton and reduce their costs of production through the first known global implementation of an efficient, continuous manufacturing process.