Solid Power estimates 2026 investment to near $100M

LOUISVILLE — Solid Power Inc. (Nasdaq: SLDP), a Louisville company developing all-solid-state battery technology mainly for electric vehicles, recorded $21.7 million in revenue in fiscal 2025, an increase of $1.6 million from 2024.

Operating expenses were $122.6 million last year, down from $125.5 million in 2024, while Solid Power’s 2025 operating loss was $100.8 million, up from $93.4 million in the previous year.

“The company expects 2026 cash investment, representing cash used in operations and capital expenditures, to be in the range of $85 million to $100 million,” Solid Power reported this week.

“In 2026, we will continue to drive toward commercialization of our ASSB technology. We started the year off strong with a $130 million registered direct offering in January,” Solid Power CEO John Van Scoter said in a prepared statement. “This funding surpassed our initial expectations and serves to strengthen our financial position, extend our runway, and support advancement of our electrolyte technology and progress toward commercialization.”

Last year was a busy one for the company, which has recently strengthened its ties to several major players in the battery and vehicle spaces.

Korean battery maker Samsung SDI is collaborating with Solid Power and German automotive giant BMW to develop and test a vehicle powered by an all-solid-state battery.

Solid Power and BMW of North America LLC, which have shared a joint development agreement since 2017, have worked together on ASSB-driven vehicles for the past three years or so.

The batteries allow EVs to travel longer ranges without being weighed down by heavier power sources “by replacing liquid electrolytes with solid materials,” according to Solid Power.

Solid Power and BMW extended their joint development agreement in summer 2024 after the automaker led $130 million in a Series B investment round for the Louisville firm the previous year.

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