Solid Power, Inc. · NASDAQ:SLDP
Solid Power — Technical Presentation (June 2022)
34 slides from Solid Power's technical presentation, Jun 27, 2022
Slide 1: The Road to a Solid-State-Powered Future: Automotive Qualification and the A-Sample Cell
The Road to a Solid - State - Powered Future: Automotive Qualification and the "A - Sample" Cell June 28, 2022
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding F o r w a rd – L oo king S t a t e men ts This presentation (this “Presentation”) includes “forward - looking statements” within the meaning of Section 27A of the Securitie s Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All st
Slide 3: Agenda
3 Agenda 1. Solid Power Overview 2. Solid - State Value Proposition 3. From Lab to A - Sample 4. From A - Sample to Start - of - Production (SOP)
Slide 4: Solid Power is a Leading All-Solid-State Battery Developer
4 Source: Bloomberg NEF. 1. Based upon BNEF’s estimates of global electric and non - electric vehicle production in 2035. Battery opportunity assumes 70 kW h pack sizes and $85 / kWh. 4 Solid Power is a Leading All - Solid - State Battery Developer Developing and producing OEM - validated batteries
Slide 5: Two Product Groups
Two Product Groups 5 Long - term strategy: R&D and manufacturing Sulfide Solid Electrolytes Energy Dense Pouch Cells ▪ Proprietary sulfide - based solid electrolytes tuned for high conductivity and electrode compatibility ▪ Best all - around performing solid electrolyte materials ▪ Low - cost and sc
Slide 6: One Flexible All-Solid-State Platform
6 One Flexible All - Solid - State Platform Solid Power’s solid electrolyte can accommodate existing and prospective cathode and anode materials Solid Catholyte Core Technology: Solid Electrolyte Unique variants tuned as electrolyte, catholyte and anolyte products Flexible platform allows use of alt
Slide 7: Solid Power Product Roadmap
Solid Power Product Roadmap Sustaining a product roadmap with continuous performance improvements across three unique chemistries Note: Lithium metal anode portrayed in the fully - charged state. Solid Power cell performance metrics are initial commercialization design targets.1. Solid Power estimat
Slide 8: Solid-State Value Proposition
Solid - State Value Proposition 8
Slide 9: Truly All-Solid Cells Estimated to Bring High Energy, Lower Pack Costs
Truly All - Solid Cells Estimated to Bring High Energy, Lower Pack Costs Estimated savings at the pack level due to high - energy cells, safety improvements and high - temp stability Source: Based on Solid Power internal calculations. WM0 JL1JL2
Slide 10: Solid Power Cells Projected to Provide More Energy
10 Solid Power Cells Projected to Provide More Energy Source: Bloomberg NEF and Solid Power. Note: The NMC (811) references in the graphic are for two different cell formats. The slightly lower volumetric energy density is f or a pouch format and the slightly higher for a prismatic format (presumabl
Slide 11: Designing Solid Power Cells to Allow for Simplified Pack Designs
| *Includes process & materials costs. Process cost includes machine investment, installation, facility, utility cost, direct o per ator(s), along with indirect and MRO personnel. Utilized 2021 labor & utility rates based on operator skill level and country location. All components were evaluated us
Slide 12: Solid Power Cells Expected to Provide Improved Safety
Aluminum Crash Structure Lower Protection Cover Solid Power Cells Expected to Provide Improved Safety 12 1. Source: TIAX DOE SBIR Phase II Project. 2. Post - test images show cells at 80%, 90% and 100% SOC . Test Description Result Nail Penetration ▪ Cells at 100% state - of - charge (SOC) Passed Ex
Slide 13: From Lab to A-Sample
O“ Y > From Lab to A-Sample
Slide 14: Solid Power Cell Development Progression
14 Solid Power Cell Development Progression From benchtop to automotive qualification Cells are scaled to continuously improve the technology and facilitate process development R&D Die Cell 1 - Layer, 2 cm 2 R&D Coin Pouch 0.2 Ah 2 Ah 20 Ah EV Cell 1 - Layer, 2 cm 2 1 - Layer A , 5 x 10 cm Cell 10 -
Slide 15: R&D Die Cell Stage of Development
15 R&D Die Cell Stage 1 of Solid Power’s cell development R&D die cells are the first proving grou nd for new materials in the R&D stage ▪ Many options for materials – blank canvas ▪ Minimizes costs and increases number of experiments ▪ Pelletized separator eliminates need for high - quality separat
Slide 16: R&D Die Cell Formats
16 R&D Die Cell Solid Power’s cell formats R&D die cells are the first proving grou nd new materials in the R&D stage ▪ Improved electrolyte materials ▪ Improved performance (higher conductivity, improved stability, etc.) ▪ Lower cost ▪ Electrode performance ▪ Optimized active materials ▪ Surface tr
Slide 17: R&D Coin Pouch Formats
17 R&D Coin Pouch Solid Power’s cell formats Moving to a coated separator is an important step in demonstrating the core sulfide technology ▪ Many options for materials and high cell throughput, similar to die cells ▪ Introduces coated separator layer with more representative thicknesses, compositio
Slide 18: R&D Coin Pouch Formats: Key Development Topics
18 R&D Coin Pouch Solid Power’s cell formats Moving to a coated separator is an important step in demonstrating the core sulfide technology ▪ Binder development – compositions that minimize intra - and inter - layer impedance ▪ First indications of rate capability and long - term cycling ▪ Minimizat
Slide 19: 0.2 Ah Cell Formats
19 0.2 Ah Cell Solid Power’s cell formats First roll - to - roll cell demonstrates that a single layer can be produced using Li - ion equipment ▪ Simplicity of fewer interfaces for initial validation of roll - to - roll processes avoids adding complexity of multiple layers ▪ Validates layer quality
Slide 20: 0.2 Ah Cell Development: Moving to Roll-to-Roll
20 0.2 Ah Cell Solid Power’s cell development – moving to roll - to - roll First roll - to - roll cell demonstrates that a single layer can be produced using Li - ion equipment ▪ Binder - solvent package for slurry rheology and coating quality ▪ Layer lamination ▪ Electrolyte compatibility with scal
Slide 21: 2 Ah Cell Stage of Development
21 2 Ah Cell Stage 4 of Solid Power’s cell development – multi - layer cells on roll - to - roll processing The 2 Ah cell is the workhorse product to test - out product improvements in a multi - layer stack ▪ Requires coating runs of 100+ meters with adequate uniformity cross and down web ▪ Provides
Slide 22: 2 Ah Cell: Key Development Topics
22 2 Ah Cell Stage 4 of Solid Power’s cell development – multi - layer cells on roll - to - roll processing The 2 Ah cell is the workhorse product to test - out product improvements in a multi - layer stack ▪ Cell quality improvement : coating uniformity, electrode cutting, alignment, etc. ▪ Expansi
Slide 23: Cell Expansion: Pack-Level Implications
23 Cell Expansion Pack - level implications Cell and module designs both important to limit and mitigate cell expansion Spring free height ( d fh ) Cell stack height, 0% SOC ( d stack ) Cell stack expansion ( d exp ) Total required height ( d tot ) 60% additional length (volume) would be needed to a
Slide 24: Cell Expansion: Pack-Level Implications
24 Cell Expansion Pack - level implications Cell and module designs both important to limit and mitigate cell expansion Spring free height ( d fh ) Cell stack height, 0% SOC ( d stack ) Cell stack expansion ( d exp ) Total required height ( d tot ) 60% additional length (volume) would be needed to a
Slide 25: Cell Expansion: Pack-Level Implications
25 Cell Expansion Pack - level implications Cell and module designs both important to limit and mitigate cell expansion Spring free height ( d fh ) Cell stack height, 0% SOC ( d stack ) Cell stack expansion ( d exp ) Total required height ( d tot ) 60% additional length (volume) would be needed to a
Slide 26: 20 Ah Cell Formats
26 20 Ah Cell Solid Power’s cell formats 20 Ah cell development is a middle step between 2 Ah workhorse and final cell form factor (EV cell) ▪ Largest cell form factor on Solid Power’s pre - pilot production line ▪ Further increase in production difficulty with ~2X interface count and ~10X total sur
Slide 27: 20 Ah Cell: Key Development Topics
27 20 Ah Cell Solid Power’s cell formats 20 Ah cell development is a middle step between 2 Ah workhorse and final cell form factor (EV cell) ▪ Abuse and safety testing ▪ Module - level development 20 Ah 22 - Layer, 9 x 20 cm Cell Key Development Topics:
Slide 28: EV Cell Formats
28 EV Cell Solid Power’s cell formats The EV cell pilot line is anticipated to provide Solid Power the ability to develop and supply A - and B - Samples ▪ Final EV - scale form factor ▪ To be produced on automated line; expected to be able to be transferable to mass production equipment ▪ Currently
Slide 29: EV Cell Formats: Key Upcoming Development Topics
29 EV Cell Solid Power’s cell formats The EV cell pilot line is anticipated to provide Solid Power the ability to develop and supply A - and B - Samples ▪ A - and B - sample cell validation ▪ Validation of layer quality at widest web widths ▪ Final design optimization ▪ Prototype pack builds ▪ Cost
Slide 30: From A-Sample to Start of Production (SOP)
30 30 From A - Sample to Start of Production (SOP)
Slide 31: Solid Power Announces Installation of EV Cell Pilot Line
Source: Company press release. 31 Solid Power Announces Installation of EV Cell Pilot Line Automated pilot production line designed to produce EV - scale sulfide - based all - solid - state battery cells now installed At full capacity, Solid Power’s EV cell pilot line is expected to be capable of pr
Slide 32: Inside the EV Cell Pilot Line
32 Inside the EV Cell Pilot Line Newly installed as of June 2022
Slide 33: Solid Power's Path to Market
33 Solid Power’s Path to Market Requires successful entrance into the APQP automotive qualification process A - Sample: Design intent , prototype or soft tooling Validation Definition : Concept Validation (CV) (Phase 1) B - Sample: Design frozen , process intent (prototype line tooling) Validation D
Slide 34: Thank You
Thank You