Solid Power SPAC Presentation Deck
Defined Path to Lithium-Ion Cost Parity
Solid Power's All-Solid-State Batteries cells - costs vs. time
100%
90%
80%
€70%
60%
Cell cost breakdown (%)
50%
5 40%
30%
20%
10%
0%
2020
2021
2022
■ Materials Labor costs ■ Depreciation
A
Cell-Level Price Comparison
$142/kWh
Lithium-Ion
Today
2023
■Electricity
B
C
2025
Land ■ Transportation
2027
$85/kWh
Solid Power
(1)
A
Source: Bloomberg NEF and company estimates.
1. Solid Power's initial commercialization design targets for lithium metal anode cell.
Solid Power | DCRC
B
●
●
●
●
Pack prices expected to add a further $25-$30/kWh to
lithium-ion costs in 2028;
Solid Power packs expected to be cost advantaged
6.5 MWh/yr
prototype pilot line
Auto A and B Sample
phases
100 MWh/yr
pre-production line
Auto C and D Sample
phases
10 GWh / yr line
Vehicle start of
production
$60 Total cell BOM
$35 Cathode active materials
■
■
■
Cell costs are currently dominated by labor and Li-precursor materials
Cell bill of materials cost ("BOM") are expected to have three major inflection points
in purchase volumes related to cell production:
Prototype pilot line with production up to 6.5 MWh per year (existing)
C and D Sample production, at 100 MWh per year (likely via a third-party)
Automotive introduction at 10 GWh per year
Greatest cost improvements are expected to come via supply chain development,
purchasing scale, and targeted vertical integration
Products
and Technology
-
Today's lithium-ion and Solid Power's high-content silicon and lithium metal
anode cells will share common cathode active material
At automotive scale, Solid Power's BOM is expected to approach $60/kWh and be
dominated by cost of cathode active material (similar to lithium-ion)
Cathode active material ~58% of total BOM
As Solid Power transitions to next generation cathode active materials, its $ / kW
advantage over lithium-ion batteries has the potential to be a further step
function improvement
-
Current Cathode Active Material: ~$35/kWh (80% Ni intercalation-type)
Next Gen Cathode Active Material: ~$3/kWh (Conversion-type)
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