What is SK Innovation's Partnership with solid power?

SK Innovation today announced a partnership with Solid Power, an industry-leading developer of all-solid-state battery cells, to develop all-solid-state batteries under a memorandum of understanding (“MoU”) and joint development agreement (“JDA”) on Oct. 28, 2021.

How will solid power and SK on work together?

The deepened relationship between the two companies will increase overall collaboration and development efforts on Solid Power’s solid-state cell technology. The agreements enable SK On to use Solid Power’s cell technology for research and development and to produce batteries on a new SK On solid-state line in Korea.

Will solid power and SK Innovation develop solid-state batteries?

In a recent press release from Solid Power, the company announced a memorandum of understanding with SK Innovation to jointly develop solid-state batteries using the former’s proprietary sulfide-based solid electrolyte.

Will SK Innovation & solid power co-develop all-solid-state batteries?

As part of the agreement, SK Innovation and Solid Power will co-develop all-solid-state batteries. They also plan to validate that Solid Power’s all-solid-state-cells can be manufactured on existing lithium-ion battery manufacturing equipment.

Will solid power supply SK Innovation electrolyte?

Solid Power plans to supply SK Innovation with its proprietary electrolyte for use in the manufacturing of all-solid-state cells. Under terms of the JDA, Solid Power expects to generate a small amount of revenue from both research and development and from the sale of electrolyte samples beginning in 2022.

Is SK on a solid power partner?

“SK On has, and will continue to be, an important partner for Solid Power,” said Derek Johnson, Chief Operating Officer of Solid Power. “As demonstrated in 2023, a deepened collaboration with our key partners can accelerate technology advancement.