Solid Power’s Widening Losses Come With A Liquidity Cushion Solid state batteries have long been touted as a potential game changer for electric vehicles and grid scale applications.
However, the path to commercialization is fraught with challenges, as exemplified by Solid Power's (SLDP) latest financials. The Tennessee based startup has incurred net losses of $23.
8 million in the second quarter, despite maintaining a remarkably healthy balance sheet thanks to significant funding from partners like Samsung SDI and BMW.