BUZZ-Solid Power to receive $50 mln DOE funding; shares rise

Reuters

2025/01/25

** Shares of battery maker Solid Power SLDP.O rise ~4% to $1.60 in extended trading

** Company enters into an agreement with the U.S. Department of Energy (DOE) to install equipment necessary for continuous production of sulfide-based solid electrolyte material

** DOE will provide funding of $50 mln to SLDP, while the battery maker will contribute $60 mln

** In 2024, stock rose over 30%

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

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