Group14 announces multiple major battery orders

The US silicon battery material manufacturer Group14 has announced that it has concluded five binding purchase agreements totalling a value of at least $300 million.

The customers include battery cell manufacturers in Europe, Asia and North America. Three of them work in the field of electric cars and two for consumer electronics. Group14 is not disclosing the names, however.

“The pace at which our customers are signing up for SCC55 deliveries confirms that since the introduction of silicon batteries, we are at the tipping point for the transition to the electrification of everything,” said Group14 CEO and Co-Founder Rick Luebbe. “We are witnessing a surge in demand from the EV battery market due to the transformational performance improvement that can be delivered with silicon batteries powered by Group14.”

Group14 had initially introduced the new silicon-based anode material SCC55 towards the end of last year, and has promises that the “material is engineered to deliver superior energy density, faster charging times, and greater overall efficiency compared to traditional graphite and silicon oxide-containing anodes and reduces the carbon footprint for its customers,” in its current announcement.

To bolster production capacities, Group14 also intends to open a new battery material factory in Washington State, and has standing supply deals with major OEMs such as Porsche and StoreDot.

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