Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, January 28, 2022

Article Excerpt

SOLID POWER INC., $5.98, symbol SLDP on Nasdaq, is developing what it sees as a state-of-the-art, all-solid-state rechargeable battery aimed primarily at electric vehicles (EVs). Colorado-based Solid Power’s technology aims to replace the flammable liquid electrolyte in a conventional lithium-ion battery with an exclusive sulfide-based solid electrolyte. As a result, the company believes that its all-solid-state battery cells will be safer and more stable across a broad temperature range, provide an increase in energy density compared to the best available rechargeable battery cells, enable less expensive, more energy-dense battery pack designs and be compatible with traditional lithium-ion manufacturing processes. In fact, Solid Power believes that its battery technology will eventually deliver a nearly 500-mile range on a single charge and more than double a conventional battery’s eight-year lifespan. In June 2021, Decarbonization Plus Acquisition Corp III, a special purpose acquisition company, or SPAC, announced it would merge with privately held Solid Power to complete the qualifying transaction required for this type of acquisition. SPACs…