Solid Power LLC (NASDAQ:SLDP) - spun-out of University of Colorado at Boulder - is anchored in research into all solid-state battery technology performed in the University's Mechanical Engineering Department. SBIR involved almost from the outset, Solid Power LLC batteries are designed to provide superior energy (both gravimetric and volumetric), safety and lower cost as compared to conventional rechargeable batteries such as Lithium-ion. an industry-leading developer of all-solid-state battery cells for electric vehicles The firm's solid-state batteries contain no volatile or flammable liquid components offering ultimate safety and reliability. The battery materials used are 100-pecent inorganic and possess no flammable or volatile components. providing substantially higher energy than conventional lithium ion (2-3X greater) while also enabling lower cost systems due to the potential for eliminating many of the costly safety features typically associated with lithium-ion systems. Solid Power began to trade on NASDAQ.SLDP on December 8, 2021 after completing business combination with Decarbonization Plus Acquisition Corporation III. That transaction served to make Solid Power the only pure-play solid-state battery company (to date) to trade on the public markets
