Business
Elevated Materials Completes First Year with Strong Commercial Momentum and Announces Plans to Triple Production in 2026
Elevated Materials today announced major milestones as it celebrates its one-year anniversary, highlighting rapid growth in production, customer adoption, and organizational scale. Elevated Materials was carved out of Applied Materials on February 1, 2025, with an investment from the TPG Rise Climate Fund.
About this update from Applied Materials, Inc.
[{"type":"text","content":"Company delivers more than 100 kilometers to one of its customers and accelerates toward gigawatt-hour scale manufacturing","length":122,"tagName":"p","attribs":{}},{"type":"text","content":"SANTA CLARA, Calif., Feb. 3, 2026 /PRNewswire/ -- Elevated Materials today announced major milestones as it celebrates its one-year anniversary, highlighting rapid growth in production, customer adoption, and organizational scale. Elevated Materials was carved out of Applied Materials on February 1, 2025, with an investment from the TPG Rise Climate Fund.","length":357,"tagName":"p"},{"type":"image","alt":"ELi: Ultra-Wide, Smooth Lithium Metal Films","displaySize":"","headline":null,"caption":"ELi: Ultra-Wide, Smooth Lithium Metal Films","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/081b64546484cd0497a06f7e5e6ba55e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.kQEetdj2sDMRQdLUUFB4A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/081b64546484cd0497a06f7e5e6ba55e","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2875551/Elevated_Materials_Lithium.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The company closed 2025 with record output of ultra-thin lithium metal films, shipping product to more than 30 customers worldwide. Notably, Elevated Materials delivered more than 100 kilometers of lithium film to a single customer, underscoring strong market demand for high-quality, scalable lithium metal solutions.","length":318,"tagName":"p"},{"type":"text","content":""The industry has long been seeking a reliable source of high-quality, ultra-thin lithium films to improve battery performance," said Jim Cushing, CEO of Elevated Materials. "We are filling that gap with our ultra-thin, smooth, and low-defect ELi™ films. Demand has been particularly strong for lithium metal anodes, where ELi significantly improves both safety and performance."","length":399,"tagName":"p"},{"type":"text","content":"Elevated Materials' proprietary roll-to-roll vacuum deposition platforms produce ELi, the industry's highest-quality ultra-thin lithium metal films. These films enable next-generation anode architectures across electric vehicles, consumer electronics,...