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Battery Tech Firm Solid Power Reports 26.94% YoY Fall in Q3 Revenue

The company posted a net loss of $22.4 million, a 47.9% YoY increase

November 12, 2024

/ Gautamee Hazarika
/ Energy Storage, Market & Policy
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Solid Power, which develops solid-state battery technology for electric vehicles, reported a revenue of $4.7 million in the third quarter (Q3) of 2024, reflecting a 26.94% decline year-over-year (YoY). This decline is mainly attributed to the completion timing of the joint development agreement with BMW in 2024.

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Gautamee Hazarika

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Battery EVbattery performanceMoUnet lossRevenueSolid Power
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