SLDP

Image source: The Motley Fool. Tuesday, Aug. 4, 2026 at 4:30 p.m. ET Investor Relations - Charlie Van Goethem President and Chief Executive Officer - John Van Scoter Chief Financial Officer - Linda Heller Need a quote from a Motley Fool analyst? Email [email protected] Operator: Good day, and welcome to the Solid Power Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to [ Charlie Van Goethem ], Investor Relations. Please go ahead. Unknown Executive: Thank you, operator. Welcome, everyone, and thank you for joining us today. I'm joined on today's call by Solid Power's President and Chief Executive Officer, John Van Scoter, and Chief Financial Officer, Linda Heller. A copy of today's earnings release is available on the Investor Relations section of Solid Power's website, www.solidpowerbattery.com. I'd like to remind you that parts of our discussion today will include forward-looking statements as defined by U.S. securities laws. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Solid Power disclaims any duty to update any forward-looking statements to reflect future events or circumstances. For a discussion of the risks and uncertainties that could cause actual results to differ materially from those expressed in today's forward-looking statements, please see Solid Power's most recent filings with the Securities and Exchange Commission, which can be found on the company's website at www.solidpowerbattery.com. With that, let me turn it over to John Van Scoter. John Van Scoter: Thank you, Charlie, and thank you all for joining us today. We delivered another quarter of strong execution, advancing key strategic initiatives and reinforcing our position as a leader in solid-state battery materials. During the quarter, we improved the performance of our electrolyte through work under the Joint Evaluation Agreement with Samsung SDI and BMW, while providing electrolyte shipments to support their development activities. Based on performance and cost, we are optimistic about continuing to work with Samsung SDI for potential use of our electrolyte in EVs and other potential applications of ASSB technologies. We remain committed to supporting our partners as they advance towards commercialization. Turning to our electrolyte manufacturing road map, we continue to advance discussions with prospective joint venture partners for commercial-scale electrolyte production in South Korea. Korea remains one of the most active markets for all-solid-state battery development, and we believe a partnership with an industry-leading company would accelerate market adoption while providing manufacturing scale and market access. We're pleased with the progress of these discussions and believe they reflect growing industry interest in our technology and commercialization strategy. Based on the progress we've made to date, we remain on track and expect to announce a joint venture by the end of the year. Execution of our continuous manufacturing pilot line remains on schedule and represents one of the most important milestones in our commercialization journey. During the quarter, we advanced installation of major process equipment, piping and electrical infrastructure and are preparing for equipment acceptance testing, which remains on track for completion in the third quarter. We continue to expect plant validation and operational start-up in the fourth quarter. This pilot line is designed to demonstrate the scalability and efficiency of our proprietary wet process technology and positions us in the transition from batch to continuous production, an important step towards commercial-scale manufacturing. Operational excellence remains a core priority as we prepare for commercial readiness. During the quarter, we successfully completed Stage 1 of our ISO 9001 certification process and remain on track to complete the Stage 2 audit in the third quarter, with certification expected by year-end. Achieving ISO 9001 certification will further enhance our quality systems, strengthen customer confidence, and support the commercial readiness of our electrolyte business. Finally, we successfully completed the Line Installation Agreement with SK On and received the associated milestone payment during the quarter. This accomplishment represents another successful milestone in our collaboration and highlights our ability to execute key customer commitments while supporting the advancement of next-generation battery technologies. We're currently negotiating with SK On regarding a new collaboration agreement, which we believe underscores the growing demand for our technology and reflects our continued commitment to expanding strategic partnerships that drive long-term value. Overall, we are pleased with the progress achieved during the quarter. We continue to execute against our commercialization road map across our customer programs, manufacturing scale-up initiatives, strategic partnership discussions and operational readiness efforts. We believe the momentum we are building today positions Solid Power to capitalize on the significant opportunities emerging within the all-solid-state battery market and create long-term value for our shareholders. With that, I'll turn it over to Linda to review our financial results and provide an update on our financial discipline goal. Linda? Linda Heller: Thank you, John. Year-to-date revenue totals $2.8 million, reflecting our ongoing progress under the U.S. Department of Energy Assistance Agreement and revenue from our collaboration agreement with SK On. During the second quarter of 2026, our revenue was negative $300,000. Current quarter revenue was impacted by a reversal of revenue from the first quarter of $1.2 million, driven by a change in our assumptions within certain milestone payments connected to our SK On research and development license agreement. As we continue advancing our commercialization initiatives, operating expenses were $30 million during the second quarter, compared to $29.4 million in the first quarter of 2026. Expenses remained well controlled and are generally consistent quarter-over-quarter, despite continued investments in technology development, customer programs and manufacturing scale-up activities. Operating loss for the quarter was $30.3 million, and net loss was $23.8 million, or $0.11 per share, reflecting our continued investment in long-term growth opportunities and commercialization readiness. Capital expenditures totaled $6.3 million during the quarter, primarily related to construction of our new continuous electrolyte production pilot line. This strategic investment remains an important milestone in our manufacturing road map and is expected to play a key role in demonstrating our scalable, commercial-ready production capabilities. Turning to our balance sheet and liquidity, Solid Power's financial position remains a significant strength. We ended the quarter with total liquidity of $419.3 million, providing substantial financial flexibility and significant runway to execute our strategic priorities. In addition, contract assets and accounts receivable totaled $3.2 million, total current liabilities were $17.2 million, and we continue to have no debt, reflecting a healthy balance sheet and a strong liquidity profile. Overall, we remain focused on disciplined capital allocation while continuing to invest in strategic initiatives that support long-term growth. We believe our strong balance sheet provides financial capability to execute our commercialization strategy and support our customers' development programs. I will now turn the call back to John. John Van Scoter: Thank you, Linda. In closing, I want to thank our employees, customers, partners and shareholders for their continued support and confidence in Solid Power. The progress we've achieved this quarter reflects the strength of our team, the value of our technology, and our disciplined focus on execution. As we look ahead, we are entering an important phase of our commercialization journey. With strong customer and partner engagement, continued advancement of our manufacturing capabilities, a robust balance sheet and growing commercial opportunities, we believe Solid Power is well positioned to deliver meaningful milestones and create long-term value. While there's still important work ahead, we're encouraged by the momentum we are building and remain confident in our ability to execute against our strategy and advance the adoption of all-solid-state battery technology. Thank you for your time today. We look forward to updating you on our continued progress in the quarters ahead. We will now take your questions. Operator: [Operator Instructions] The first question comes from Jake Sekelsky with Alliance Global Partners. Jacob Sekelsky: So just starting with the continuous line, are there any major items that you're still waiting on delivery of? And how should we think about the ramp-up there to capacity in the coming quarters? John Van Scoter: Good to hear from you, Jake. Thank you for your question. We do not have any major equipment outstanding. The last major piece was installed. It's the rotary kiln. That was done in the May time frame. So all equipment is in-house and is in the process of being commissioned or hooked up, I should say. And then commissioning, as we have indicated, will start in the fourth quarter to be completed by the end of the year. So the capacity for that one line is 45 metric tons once it is fully commissioned, and we would expect to output from that line in the first quarter of next year. Jacob Sekelsky: Okay. That's helpful. And switching gears to the ISO certification, you touched on it earlier. Can you just provide some color on the progress here and maybe the specific steps or milestones you need to reach by year-end to kind of achieve that target for Phase 2? John Van Scoter: Sure. We started preparing for this audit beginning of last year, believe it or not. And the team assembled all of the outstanding specifications, work processes and so forth that we needed to put in place in time for the Stage 1 audit. As reported, we completed that 1-day audit in the quarter. It was very successful. There are no major findings. There's some minor things that we're following up on. And we're getting ready for, in the middle of this month, the Stage 2, which is a much more intense audit. It's a 3-day audit, and we'll have all of the subject matter experts and process owners that will be available those 3 days with the auditor. It's quite intense. But we're getting ready for that. And because there are no major findings in the Stage 1, we feel quite confident that anything that is called out in that Stage 2, that we will have time before the end of the year to complete those items, report those back to the auditor, and get the certification. Jacob Sekelsky: Understood. Okay. And then just lastly, on the new collaboration agreement that you're exploring with SK On, to the extent you're able to, are you able to provide any details on what the framework of the new collaboration agreement might look like at this stage? Or is it a bit too early there? John Van Scoter: Yes. Jake, I'm sorry. I wish I could report out more. I really can't right now. It's still early stages. So I think next quarter, we'll be able to give you some more color on that. And certainly, by the time we get the agreement in place, we'll be able to give you details on that. But right now, it's really in the very early stages of discussions. Operator: The next question comes from Sameer Joshi with H.C. Wainwright. Sameer Joshi: On the joint evaluation agreements with Samsung SDI and BMW, are there any next steps that we should expect this year and then in the future? If you can just lay out what we should be looking out for would be helpful. John Van Scoter: Yes. As reported, Sameer, we expect that the original Phase 1 contract will expire at the end of September, but that we will continue to collaborate with both parties as we go forward. We are in the process of discussing what that will look like right now with both parties. But we expect, based on the significant performance enhancements, quality enhancements that we achieved in Phase 1, along with the long-term cost road map that we have with our wet process, that we'll find a way to continue to collaborate and to work with both Samsung SDI and BMW on an ongoing basis. Sameer Joshi: Okay. And then on the electrolyte production partnership that you're looking for in the Republic of Korea, is there-- and you have indicated that you would achieve it by the end of the year. What gives you confidence? Like if you could give us -- provide some color how we can get that confidence as well. John Van Scoter: Yes. We have 3 parties that we've been actively discussing with for some time. All -- signs from all 3 of them remain positive. One of them we've advanced, though, quite far along with the draft term sheet, actually, that is in discussion right now with one of the parties. So that's what gives us the confidence that we'll have something done here in the short term and certainly by the end of the year. Sameer Joshi: Sounds really good. And then just last one. We understand the reversal of certain revenues because of recognition issues. Was there any direct costs also that were associated with these that were reversed and that are reflected in the income statement? Linda Heller: No. The revenue under these agreements is recognized over the contractual term of all 3 agreements in a revenue recognition model. The adjustment that we made is noncash. It doesn't represent any sort of obligation or a cash outflow or any cost related to it. Operator: The next question comes from Colin Rusch with Oppenheimer. Colin Rusch: Could you talk a little bit about how you're tracking performance of the material and cells as you move forward with these arrangements and what that can do for your cost profile? John Van Scoter: Sure, sure. Good to hear from you, Colin. Yes, as I think you know quite well, we're still in the early stages of cell design. Our customers are continuing to evolve their cell designs, their chemistries, their binders, their solvents. And so a lot of the work that has been done is around improving our performance in their chemistries, number one. Number two, we focus very heavily on quality. So lot-to-lot consistency and the tightness of certain specifications that are really, really important to our customers, things like particle size, et cetera. Each customer seems to have their own requirement there. So we're focused very heavily on controlling that and delivering to their expectations. Long-term cost, we believe we have a structural advantage with our wet process. We've done a lot of work through the joint venture work -- partnership work with potential partners in Korea that have dry processes, and we've been able to actually benchmark our long-term road map against an equivalent capacity output for a dry process. And again, we believe quite strongly that we have a structural advantage there. So that would be my comments on the performance as well as long-term cost road map. We intend to be the cost leader as we go through our commercialization phase and on up into ramp. Colin Rusch: Excellent. That's super helpful. And then I guess the second question is really around customer development in the U.S. and potential for manufacturing domestically as we see an increased level of regionalization around the battery space. And obviously, you guys have multiple options and multiple opportunities internationally as well. But just curious about the development of domestic customers and what they're looking for from a production perspective. John Van Scoter: Yes. Six months ago, we started getting signals from the humanoid robotic companies. And since then, it's picked up quite considerably there. There's a number of U.S. players that are expressing interest in all-solid-state batteries because of the advantages in energy density, safety and charge rate. So I would say some of those discussions are advancing with some of the leaders in the space right now domestically. We still do not see any domestic manufacturing of cells at that scale, but that could change with the coming quarters. But we definitely have seen an uptick in humanoids since we last reported. We also have gotten a small amount of interest from defense and aerospace markets in the past quarter. Operator: This concludes our question-and-answer session. I would like to turn the conference back over to John Van Scoter for any closing remarks. John Van Scoter: Thank you for joining the call today and for your interest in Solid Power. We look forward to updating you again next quarter. Operator: The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. Before you buy stock in Solid Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Solid Power wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. 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As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Solid Power (SLDP) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Interested in Solid Power, Inc.? Here are five stocks we like better. Solid Power reported a $23.8 million second-quarter net loss and negative revenue of $300,000 after reversing previously recognized milestone revenue under its SK On agreement. Year-to-date revenue was $2.8 million. The company’s continuous electrolyte-production pilot line remains on schedule, with acceptance testing expected in the third quarter, commissioning by year-end and initial 45-metric-ton output targeted for the first quarter of 2027. Solid Power is advancing potential collaborations with Samsung SDI, BMW, SK On and South Korean manufacturing partners, while maintaining strong liquidity of $419.3 million and no debt. 5 EV Battery and Lithium Stocks Charging the Future Solid Power (NASDAQ:SLDP) reported a second-quarter net loss of $23.8 million, or $0.11 per share, as the solid-state battery materials company continued to invest in electrolyte development, customer programs and a continuous-production pilot line. Revenue for the second quarter was negative $300,000, primarily because the company reversed $1.2 million of revenue recognized in the first quarter after changing assumptions related to certain milestone payments under its SK On research and development license agreement. Chief Financial Officer Linda Heller said the adjustment was non-cash and did not represent an obligation, cash outflow or associated cost reversal. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Year-to-date revenue totaled $2.8 million, reflecting work under a U.S. Department of Energy assistance agreement and collaboration agreements with SK On, Heller said. President and Chief Executive Officer John Van Scoter said installation of Solid Power's continuous electrolyte production pilot line remained on schedule. The company has installed its major equipment, including a rotary kiln installed in May, and is preparing equipment for acceptance testing. → Financials Hit Record Highs as the AI Trade Unravels—Can They Keep Leading? Van Scoter said the company expects equipment acceptance testing to be completed in the third quarter, with plant validation and operational startup anticipated in the fourth quarter. Commissioning is expected to begin in the fourth quarter and conclude by the end of the year. The line is designed to demonstrate the scalability of Solid Power's proprietary wet-process electrolyte technology as the company transitions from batch production toward continuous manufacturing. Once fully commissioned, the line is expected to have capacity of 45 metric tons, with output anticipated in the first quarter of 2027, according to Van Scoter. → Why Rare Earth Processing Could Be the Real 2027 Opportunity Capital expenditures totaled $6.3 million in the quarter, driven primarily by construction of the pilot line. During the quarter, Solid Power continued work under its joint evaluation agreement with Samsung SDI and BMW, including electrolyte shipments supporting their development activities. Van Scoter said the company improved electrolyte performance and quality through the work and remains optimistic about potential use of its electrolyte in electric vehicles and other all-solid-state battery applications. The initial phase of the Samsung SDI and BMW agreement is expected to expire at the end of September. However, Van Scoter said Solid Power is discussing an ongoing collaboration framework with both companies, citing performance improvements, quality gains and the company's long-term wet-process cost roadmap. Solid Power is also pursuing a joint venture for commercial-scale electrolyte production in South Korea. Van Scoter said the company has been in active discussions with three potential parties and has advanced one discussion to a draft term sheet. The company continues to expect to announce a joint venture by year-end. Van Scoter said South Korea is an active market for all-solid-state battery development, and a partnership with an industry-leading company could provide manufacturing scale and market access. The company also completed its line installation agreement with SK On and received the associated milestone payment during the quarter. Solid Power is negotiating a potential new collaboration agreement with SK On, though Van Scoter said discussions remain in early stages and that additional details may be available next quarter. Solid Power completed the first stage of its ISO 9001 certification process during the quarter. Van Scoter said the one-day audit produced no major findings, though the company is addressing some minor items. The second stage, a three-day audit, is scheduled for the middle of the third quarter. Solid Power expects to have time to address any findings before year-end and continues to target certification by then. Van Scoter said the company is focused on improving lot-to-lot consistency and controlling customer-specific specifications, including particle size. He also said Solid Power believes its wet process provides a structural cost advantage compared with dry-process approaches, based on benchmarking work conducted with potential Korean partners. In response to questions about potential U.S. customer development, Van Scoter said Solid Power has seen increasing interest from humanoid robotics companies over the past six months. He said several domestic companies are interested in all-solid-state batteries because of potential advantages in energy density, safety and charging rate, though the company does not yet see domestic cell manufacturing at that scale. Solid Power also received some interest from defense and aerospace markets during the quarter, he said. Second-quarter operating expenses were $30 million, compared with $29.4 million in the first quarter. Operating loss totaled $30.3 million. The company ended the quarter with $419.3 million in total liquidity, $3.2 million in contract assets and accounts receivable, and $17.2 million in total current liabilities. Heller said Solid Power had no debt. “We remain focused on disciplined capital allocation while continuing to invest in strategic initiatives that support long-term growth,” Heller said, adding that the balance sheet provides flexibility to execute the company’s commercialization strategy and support customer development programs. Solid Power, Inc (NASDAQ: SLDP) is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries. The company's core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Solid Power Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved performance and quality enhancements in electrolyte materials through Joint Evaluation Agreements with Samsung SDI and BMW, focusing on lot-to-lot consistency and specific particle size requirements. Advanced discussions for a commercial-scale electrolyte production joint venture in South Korea, targeting the region's active all-solid-state battery development market to accelerate adoption. Completed installation of all major process equipment for the continuous manufacturing pilot line, including the critical rotary kiln, shifting from batch to scalable production. Successfully completed the Line Installation Agreement with SK On, triggering a milestone payment and validating the company's ability to meet complex technical commitments. Initiated the ISO 9001 certification process to institutionalize quality systems and enhance customer confidence ahead of commercial-scale electrolyte supply. Maintained a robust liquidity position of $419.3 million with zero debt, providing a multi-year runway to fund capital-intensive manufacturing scale-up and R&D. Expect to announce a definitive joint venture agreement for South Korean electrolyte production by the end of 2026, supported by advanced term sheet discussions. Targeting equipment acceptance testing for the continuous pilot line in Q3 2026, with full plant validation and operational start-up scheduled for Q4 2026. Anticipating the first output from the 45-metric-ton capacity continuous manufacturing line in the first quarter of 2027. Negotiating a new collaboration agreement with SK On to expand the existing partnership following the successful completion of initial installation milestones. Planning to finalize ISO 9001 certification by year-end 2026 following the completion of a comprehensive Stage 2 audit in Q3. Reported negative $300,000 in Q2 revenue due to a $1.2 million non-cash reversal of previously recognized revenue, stemming from updated milestone assumptions in the SK On R&D license agreement. Identified a structural cost advantage in the proprietary wet process technology compared to industry-standard dry processes through benchmarking exercises. Observed a significant uptick in interest from domestic humanoid robotics companies, driven by the safety and energy density advantages of all-solid-state batteries. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management confirmed all major equipment, including the rotary kiln, is in-house and currently being commissioned. The line has a rated capacity of 45 metric tons and is expected to begin producing output in Q1 2027. Management is actively discussing terms with three parties and has progressed to a draft term sheet with one specific partner. This advanced stage of negotiation supports the company's confidence in a year-end announcement. While the original Phase 1 contract expires in September 2026, management expects to continue collaboration based on achieved performance gains and the long-term cost roadmap. Discussions regarding the framework for the next phase of cooperation are currently underway. Noted a marked increase in inquiries from the humanoid robotics sector over the last six months, alongside early interest from defense and aerospace markets. These sectors value the specific energy density and safety profiles of Solid Power's technology.

LOUISVILLE, Colo., August 04, 2026--(BUSINESS WIRE)--Solid Power, Inc. (Nasdaq: SLDP), a leading developer of solid-state battery technology, today announced its operational and financial results for the second quarter and first half of 2026. Recent Business Highlights Improved our electrolyte performance through our work under the Joint Evaluation Agreement with Samsung SDI and BMW. Advanced our discussions with industry leading partners regarding a potential joint venture for commercial-scale electrolyte production in the Republic of Korea. Execution of our continuous manufacturing pilot line remains on schedule. Installation of major equipment continues to advance in preparation for equipment acceptance testing, targeted for completion in the third quarter. Plant validation and operational startup remain planned for the fourth quarter of 2026. Completed Stage 1 audit of the ISO 9001 certification process in the second quarter with Stage 2 scheduled for the third quarter. Successfully completed the Line Installation Agreement (LIA) with SK On, receiving the associated milestone payment. Currently in negotiations for a new collaboration agreement. Continued execution of financial discipline, remaining on track to deliver cash investments within the current year guidance range of $85 to $100 million. "During the second quarter, we made real progress against our strategic priorities, including our partner relationships, JV opportunities and operational capabilities," said John Van Scoter, President and Chief Executive Officer of Solid Power. "We remain on track in advancing our new continuous manufacturing line and are progressing towards ISO 9001 certification as we further strengthen our commercial readiness and quality management system. We are also encouraged by the performance of our electrolyte in the first half of the year. Together, these milestones and our strong liquidity position reinforce our confidence in our differentiated technology, our ability to execute, and our path toward commercialization." Second Quarter 2026 Financial Highlights Solid Power reported revenue and grant income of ($0.3) million in the second quarter of 2026 and $2.8 million during the first half of 2026. Revenue and grant income recognized included revenue from our collaboration agreement with SK On and grant income from the assistance agreement with the U.S. Department of Energy. During the second quarter, Solid Power recorded a $1.2 million reversal of previously recognized revenue through a cumulative catch-up adjustment. The adjustment was driven by a change in our assumptions related to certain milestone payments. Operating expenses were $30.0 million in the second quarter of 2026 compared to $29.4 million in the first quarter of 2026 with expenses remaining largely consistent. Second quarter 2026 operating loss was $30.3 million, and net loss was $23.8 million, or $0.11 per share. Balance Sheet and Liquidity Solid Power’s liquidity position remains strong. Total liquidity as of June 30, 2026, was $419.3 million as shown below. As of June 30, 2026, contract assets and accounts receivables were $3.2 million and total current liabilities were $17.2 million. Solid Power continues to have no debt financing. Second quarter 2026 capital expenditures totaled $6.3 million, primarily representing costs for construction of our continuous electrolyte production pilot line. Webcast and Conference Call Solid Power will host a conference call at 2:30 p.m. MT (4:30 p.m. ET) today, August 4, 2026. Participating on the call will be John Van Scoter, President and Chief Executive Officer, and Linda Heller, Chief Financial Officer. The call may be accessed through a live audio webcast on Solid Power’s Investor Relations website at www.solidpowerbattery.com/investor-relations. An audio replay will be available at the same location. About Solid Power, Inc. Solid Power is developing solid-state battery technology to enable the next generation of batteries for the fast-growing EV and other markets. Solid Power’s core technology is its electrolyte material, which Solid Power believes can enable extended driving range, longer battery life, improved safety, and lower cost compared to traditional lithium-ion. Solid Power’s business model – selling its electrolyte to cell manufacturers and licensing its cell designs and manufacturing processes – distinguishes the company from many of its competitors who plan to be commercial battery manufacturers. Ultimately, Solid Power endeavors to be a leading producer and distributor of sulfide-based solid electrolyte material for powering both EVs and other applications. For more information, visit http://www.solidpowerbattery.com/. Forward-Looking Statements All statements other than statements of present or historical fact contained herein are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including Solid Power’s or its management team’s expectations, objectives, beliefs, intentions or strategies regarding the future. When used herein, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "plan," "outlook," "seek," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may include, but are not limited to, statements regarding potential new joint ventures and anticipated collaboration agreements, Solid Power’s technology, strategy, business model, market opportunity, operations, future prospects, and plans and objectives of management. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Solid Power disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Readers are cautioned not to put undue reliance on forward-looking statements and Solid Power cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Solid Power, including the following factors: (i) risks relating to the uncertainty of the success of our research and development efforts, including our ability to achieve the technological objectives or results that our partners require and our ability to commercialize our technology in advance of competing technologies and our competitors; (ii) risks relating to our status as a research and development stage company with a history of financial losses with an expectation of incurring significant expenses and continuing losses for the foreseeable future, including execution of our business plan and the timing of expected business milestones; (iii) risks relating to the non-exclusive nature of our partnerships, our ability to secure new business relationships, and our ability to manage these relationships; (iv) our ability to negotiate and enter into potential joint venture arrangements and new or amended collaboration or other commercial agreements with our partners and customers on commercially reasonable terms; (v) broad market adoption of EVs and other technologies where we are able to deploy our technology, if developed successfully; (vi) our success attracting and retaining our executive officers, key employees, and other qualified personnel; (vii) our ability to protect and maintain our owned and exclusively-licensed intellectual property, including in jurisdictions outside of the United States; (viii) our ability to secure government contracts and grants, changes in government priorities with respect to our government contracts and grants or government funding reductions or delays, and the availability of government subsidies and economic incentives; (ix) delays in the construction and operation of facilities that meet our short-term research and development and long-term electrolyte production requirements; (x) changes in applicable laws or regulations, including tariffs; (xi) risks relating to, and potential liabilities resulting from, our information technology infrastructure and data security incidents, threats, breaches, or attacks; and (xii) risks relating to other economic, business, or competitive factors in the United States and other jurisdictions, including supply chain interruptions and changes in market conditions, and our ability to manage these risks and uncertainties. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the "Risk Factors" sections of Solid Power’s Annual Report on Form 10-K for the year ended December 31, 2025, Solid Power’s Quarterly Report on Form 10-Q for the quarters ended March 31 2026 and June 30, 2026, and other documents filed by Solid Power from time to time with the Securities and Exchange Commission (the "SEC"), all of which are available on the SEC’s website at www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Solid Power gives no assurance that it will achieve its expectations. \ View source version on businesswire.com: https://www.businesswire.com/news/home/20260804848365/en/ Contacts [email protected] [email protected]

SK On milestone completed: Solid Power finished site acceptance testing, putting its technology on cell production lines in Colorado, Germany (BMW) and Korea (SK On) and shifting the relationship to a long-term support phase with an R&D electrolyte supply agreement that could transition to a multi-year commercial supply through 2027 (8 metric tons). SP 2.5 continuous pilot line and wet-process advantage: The company expects to commission its continuous electrolyte pilot line by year-end, using a wet-process to enable a shift from batch to continuous production, lower CAPEX, improve yields and attract potential JV partners in Korea ahead of full commercialization. Q1 financials and liquidity: Revenue and grant income were $3.1 million (milestone-driven) while operating loss was $26.3 million and net loss $13.0 million; Solid Power ended the quarter with $435.3 million of total liquidity, including $121.3 million raised in January. Interested in Solid Power, Inc.? Here are five stocks we like better. 5 EV Battery and Lithium Stocks Charging the Future Solid Power (NASDAQ:SLDP) executives highlighted progress on partner deployments and manufacturing scale-up efforts during the company’s first-quarter 2026 earnings call, while also detailing results that reflected milestone-driven revenue and continued investment in development. President and CEO John Van Scoter said the company “delivered a productive first quarter,” pointing first to Solid Power’s partnership with SK On. He said the company completed site acceptance testing (SAT) in early April, calling it “the final milestone of the Line Installation Agreement for SK On.” → Roblox Stock Slides to New Low as Safety Changes Weigh on Outlook With that step complete, Van Scoter said Solid Power’s technology is now being used on cell production lines in three regions: Solid Power’s facilities in Colorado, BMW’s facility in Germany, and SK On’s facility in Korea. In response to an analyst question about what comes next with SK On after SAT, Van Scoter characterized the relationship as long-term and said the companies will shift into a new phase in which Solid Power supports SK On as it runs the line. He noted that, prior to SAT completion, Solid Power was running the line at SK On’s facility, but “now they’ve taken that over, and they are running the line.” He added that Solid Power expects to provide experts as needed to support SK On’s development work “through this year and out into next.” → The Real SpaceX Play: 5 Chip Stocks Powering the IPO Before It Launches Van Scoter also discussed the company’s electrolyte supply arrangements with SK On, noting that an R&D electrolyte supply agreement is part of a three-part agreement signed in 2024. He said Solid Power would expect that, once that R&D supply agreement is completed, the relationship would “transition to a long-term supply agreement with SK.” Asked about the timeline, Van Scoter said the agreement is “multi-years,” runs through 2027, and covers a total of 8 metric tons, suggesting investors consider the pace of SK On’s consumption rather than a fixed schedule. Van Scoter said Solid Power continued supporting customers and partners by delivering electrolyte during the quarter. He said the company provided Samsung SDI with electrolyte under its three-way Joint Evaluation Agreement with BMW and “continued sampling with other customers during the quarter.” → 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries On Solid Power’s electrolyte development roadmap, Van Scoter said the installation of its continuous electrolyte manufacturing pilot line is expected to be “a critical inflection point” and “a clear differentiator” on its path to commercialization. He said factory acceptance testing for all key equipment is complete and construction is underway. Van Scoter said the line is intended to enable a shift “from batch to continuous processing,” supporting near-term customer programs and delivering expected cost savings compared with current processes. He added that the pilot line is designed to allow the company to “de-risk and optimize processes in advance of full commercialization.” Chief Financial Officer Linda Heller provided additional detail during the Q&A, saying Solid Power expects the SP 2.5 continuous processing line to be commissioned by the end of the year and that the company is “on track for that.” She also highlighted Solid Power’s use of wet-process technology for electrolyte production, describing it as a source of multiple advantages “from dry room utilization to size of the equipment,” which she said can drive “a very significant capital expenditure reduction,” as well as yield and other improvements. Van Scoter added that the wet-processing approach is contributing to interest from potential joint venture partners in Korea, saying he views it as “a leading indicator of the advantage we have with our process.” When asked about potential partnerships in North America, Van Scoter said current demand appears concentrated in Korea. “The demand that we see right now is really coming off the peninsula in Korea,” he said, adding that the company has not seen “anything really substantial here in States.” He contrasted the current environment with earlier expectations, noting that Solid Power had planned its original DOE plant in North America but later shifted, citing changes in the North American landscape. “With the changes in the landscape here in North America, we shifted to just the SP 2.5, shifted to partnerships in Korea,” he said, while adding that Solid Power would like to invest in North America if demand strengthens. Van Scoter also said Solid Power anticipates additional demand for sulfide electrolyte in Korea and is evaluating a potential partnership for commercial-scale production there. He said the company is assessing multiple potential partners and is “pleased with our progress to date.” More broadly, he said the company continues to explore partners with processing and scaling capabilities and capital support for construction of a 500-metric-ton electrolyte production facility. Heller reported revenue and grant income of $3.1 million in the first quarter of 2026, driven primarily by progress toward the SAT milestone under the SK On Line Installation Agreement and performance on an assistance agreement with the U.S. Department of Energy. Operating expenses were $29.4 million, compared with $30.0 million in the first quarter of 2025. Heller attributed the decrease to timing of supplier and material shipments related to development activities. Operating loss was $26.3 million, and net loss was $13.0 million, or $0.06 per share. Capital expenditures were $1.7 million in the quarter, “primarily representing costs for construction of the continuous electrolyte manufacturing pilot line,” Heller said. Asked to walk through 2026 CapEx, Heller said the company does not break out CapEx in guidance. She reiterated the $1.7 million Q1 figure and said it includes the impact of DOE reimbursement, noting the gross spending is higher but the net impact is $1.7 million. She also said the company’s largest capital expenditure in 2026 is SP 2.5, with grant money offsetting costs in financial statements. On liquidity, Heller said Solid Power ended the quarter with total liquidity of $435.3 million, which reflected net proceeds of $121.3 million raised through a registered direct offering in January. She also reported contract assets and accounts receivable of $12.7 million and total current liabilities of $17.1 million. In closing remarks, Van Scoter thanked employees and partners and said the company is “executing on our objectives with focus,” adding that he believes Solid Power is positioned to deliver progress through 2026. Solid Power, Inc (NASDAQ: SLDP) is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries. The company's core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials. The article "Solid Power Q1 Earnings Call Highlights" was originally published by MarketBeat.

Image source: The Motley Fool. Tuesday, May 5, 2026 at 4:30 p.m. ET Chief Executive Officer — John Van Scoter Chief Financial Officer — Linda C. Heller Need a quote from a Motley Fool analyst? Email [email protected] John Van Scoter: Thank you, Charlie, and thank you all for joining us today. We delivered a productive first quarter, marking steady progress across our key operational and strategic priorities. Starting with our partnership with SK On, we completed site acceptance testing in early April, marking the final milestone of the line installation agreement for SK On. We believe achieving this milestone underscores our commitment to supporting our partners’ ASSB efforts. With this accomplishment, we are very pleased that there are now cell production lines using our technology on three continents: here at our facilities in Colorado, BMW's facility in Germany, and SK On's facility in Korea. We also continue to support our customers and partners in their development efforts through delivery of our electrolyte. We provided Samsung SDI with electrolyte under our three-way joint evaluation agreement with BMW and continued sampling with other customers during the quarter. Turning to our electrolyte development roadmap, we believe installation of our continuous electrolyte manufacturing pilot line will represent a critical inflection point on our path to commercialization and a clear differentiator for Solid Power, Inc. With factory acceptance testing for all key equipment complete and construction underway, we are laying the groundwork for commercial-scale production. Once installed, this line will enable our transition from batch to continuous processing, supporting near-term customer programs and driving expected cost savings relative to today's processes. The line is designed to allow us to de-risk and optimize processes in advance of full commercialization. Importantly, we believe our wet processing methodology for electrolyte production offers scalability, yield, and capital efficiencies relative to traditional dry process methods. We also continue to explore potential partners with processing, scaling capabilities, and capital to support construction of a 500 metric ton electrolyte production facility. We anticipate additional demand for sulfide electrolyte in Korea and are considering a potential partnership for commercial-scale production in Korea. We are evaluating multiple potential partners and are pleased with our progress to date. With respect to our final development goal, we continue to leverage our electrolyte innovation center, or EIC, and cell capabilities for product and process development during the quarter. Through this development work, we are executing against our objective to continually deliver differentiated electrolyte products and secure long-term customers. With that, I will turn it over to Linda to review our financial results and provide an update on our financial discipline goal. Operator: Linda? Linda C. Heller: Thank you, John. I will start with our first quarter results, beginning with revenue. During 2026, we generated revenue and grant income of $3.1 million, driven primarily by the progress toward the site acceptance testing milestone under our line installation agreement with SK On and performance on our assistance agreement with the U.S. Department of Energy. Operating expenses were $29.4 million for the quarter, compared to $30 million in 2025. This decrease was driven by timing of supplier and material shipments relating to our development activities. Operating loss was $26.3 million, and net loss was $13 million, or $0.06 per share. Capital expenditures totaled $1.7 million during the quarter, primarily representing costs for construction of the continuous electrolyte production pilot line. Turning to our balance sheet and liquidity, Solid Power, Inc.'s liquidity position remains strong. We ended the quarter with total liquidity of $435.3 million due to the net proceeds, after fees and expenses, of $121.3 million raised through a registered direct offering in January. In addition, contract assets and accounts receivable were $12.7 million, and total current liabilities were $17.1 million. Overall, we remain focused on maintaining financial discipline while continuing to invest appropriately in our technology development and process improvements, and we believe we are well positioned to support our strategic priorities throughout the year. I will now turn the call back to John. John Van Scoter: Thank you, Linda. In closing, I want to thank our employees, partners, and stakeholders for their continued commitment and support. We are executing on our objectives with focus, and I am confident we are well positioned to deliver meaningful progress through 2026. We will now take your questions. Operator? Operator: Thank you. We will now begin the question and answer session. To ask a question, you may press star then 1 on your touch-tone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star then 2. At this time, we will pause momentarily to assemble our roster. We will now open the call for questions. The first question comes from Colin Rusch with Oppenheimer & Co. Colin Rusch: Thanks so much, guys. Could you talk a little bit about the potential for partnerships in North America that you are starting to see move forward given the amount of capacity that is underutilized right now for the auto space, and, you know, substantial amount of legislation and, you know, kind of government involvement in terms of tariffs and, you know, the NDAA clients for military applications I am sure you are seeing some level of demand for at this point? But just curious about the potential for you guys to look at partnerships and potentially start bringing something forward that we may not be thinking about just yet. John Van Scoter: Afternoon, Colin, and thank you for that deep question. I will be honest with you, the demand that we see right now is really coming off of the peninsula in Korea. We have yet to see, despite all the things that you described, anything really substantial here in the States. If we go back a couple of years, that was very different. We actually planned to do our original DOE plant here in North America, but with the changes in the landscape here in North America, we shifted to just the SP 2.5 and then shifted to partnerships in Korea. We certainly are well positioned, should that change, to come back and revisit that. We would very much like to invest here in North America, but right now, we just do not see the demand. Colin Rusch: Okay, perfect. And then can you talk a little bit about the capital efficiency that you guys are enabling for your customers at this point? I know it is substantial, but would love to get any detail you might be able to share on that. Linda C. Heller: Hi, Colin. It is Linda. The capital efficiency has really a two-pronged approach. First and foremost on SP 2.5, that is bringing the continuous processing, which is necessary for commercialization down the road, to a commercialization scale. So we are shifting from batch to continuous processing. We expect that line to be commissioned by the end of the year, and we are on track for that. The second is the actual processing technology that you use for electrolyte, and we use something known as wet process technology. There are a variety of advantages to it, from dry room utilization to size of the equipment, that all lead to a very significant capital expenditure reduction, as well as yield and other improvements. So between that and, with the electrolyte production versus cell production, that in itself has tremendous capital efficiencies. Among those three, we feel like we are very well positioned to be able to drive costs at the commercial scale. John Van Scoter: The only thing I would add, Colin, is around the wet processing. That is one of the reasons we are getting, I think, such a strong uptake with potential JV partners in Korea. They see the advantage that Linda just described in terms of the capital efficiencies and so forth, so I think that is a leading indicator of the advantage we have with our process. Colin Rusch: Perfect. Thanks so much, guys. Operator: The next question comes from Ahmed Dayal with H.C. Wainwright. Ahmed Dayal: Hi, guys. Good afternoon. Thank you for taking my questions. Linda, sorry if I missed this, but can you maybe walk us through the CapEx for 2026? Linda C. Heller: We actually do not break out in our guidance the CapEx individually. We did for Q1: our CapEx was $1.7 million, but that also includes the amount of the reimbursement from DOE that would be considered, so it is actually larger, but the net impact was $1.7 million. The largest capital expenditure that we are making in 2026 is our SP 2.5, for which we do have the grant money that goes against that on our financial statements. Ahmed Dayal: Understood. Thanks for that. And then what are the next steps with SK On from here? Post–site acceptance, how should we expect things to proceed from this point? John Van Scoter: Good afternoon, Amit. It is John here. We view our relationship with SK as a long-term relationship, like our others with BMW and so forth. It is a multiyear relationship as we go forward, but we will be transitioning to supporting them running the line from this point forward. To this point, prior to SAT completion, we were running the line in their facility. Now they have taken that over, and they are running the line, but we will bring in our experts as we need to support their development efforts, their cell moving through this year and on into next. Linda C. Heller: And then transition to ultimately a electrolyte supplier agreement with them. John Van Scoter: We do have an R&D electrolyte supply agreement as part of the three-part agreement we did in 2024, but we would expect once that is completed that we would transition to a long-term supply agreement with SK. Ahmed Dayal: Okay. And then on the electrolyte supply agreement, John, what is the timeline? Is it six to nine months, or a little bit sooner than that? John Van Scoter: It is multiyear. It actually goes out through 2027. It is for a total of eight metric tons. However long it takes them to consume that is the way I would encourage you to look at it, as opposed to a specific timeframe. Ahmed Dayal: Okay. Understood. Thank you for that. Operator: That is all we have for now. This concludes our question and answer session. I would like to turn the conference back over to John Van Scoter for any closing remarks. John Van Scoter: Thank you for joining the call today and for your interest in Solid Power, Inc. We look forward to updating you again next quarter. Operator: Thank you. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. Thank you. 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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Solid Power (SLDP) Q1 2026 Earnings Transcript was originally published by The Motley Fool

Achieved site acceptance testing for SK On, marking the final milestone of the line installation agreement and establishing technology presence across three continents. Transitioning from batch to continuous processing via the SP2.5 pilot line, which management views as a critical inflection point for commercial scalability. Prioritizing wet processing methodology for electrolyte production, citing superior scalability, yield, and capital efficiency compared to traditional dry processes. Shifting strategic focus toward the Korean market due to robust demand from partners like Samsung SDI and SK On, contrasting with currently stagnant North American demand. Leveraging the Electrolyte Innovation Center to drive product differentiation and secure long-term supply agreements with global automotive and battery partners. Maintaining a strong liquidity position of $435.3 million to fund ongoing technology development and the construction of commercial-scale facilities. Anticipates commissioning the continuous electrolyte production pilot line by the end of 2026 to derisk processes ahead of full commercialization. Actively evaluating potential joint venture partners in Korea to support the construction of a 500 metric ton commercial-scale electrolyte facility. Expects to transition the SK On relationship from research and development support to a long-term commercial electrolyte supply agreement. Assumes a multi-year consumption timeline for the 8 metric tons of electrolyte currently under contract with SK On through 2027. Remains positioned to revisit North American manufacturing investments should domestic demand signals and legislative incentives align with strategic goals. Strengthened balance sheet via a registered direct offering in January 2026, yielding $121.3 million in net proceeds. Capital expenditures are partially offset by U.S. Department of Energy grant reimbursements, particularly for the SP2.5 pilot line construction. Operating expenses saw a slight year-over-year decrease to $29.4 million, attributed to the specific timing of supplier and material shipments. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management stated that current substantial demand is coming almost exclusively from Korea, noting a lack of significant domestic demand despite U.S. tariffs and legislation. Confirmed the company previously planned a U.S. plant but pivoted to Korean partnerships to follow the current market landscape. Identified three pillars of cost reduction: the shift to continuous processing, the use of wet process technology, and the inherent efficiency of electrolyte versus cell manufacturing. Noted that wet processing requires smaller equipment and less dry room utilization, which is a primary driver for interest from potential Korean JV partners. Following site acceptance, SK On has taken over line operations, while Solid Power transitions to a technical support and advisory role. The relationship is expected to evolve into a long-term supply agreement once the current 8-metric-ton R&D contract is fulfilled. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

LOUISVILLE, Colo., May 05, 2026--(BUSINESS WIRE)--Solid Power, Inc. (Nasdaq: SLDP), a leading developer of solid-state battery technology, today announced its operational and financial results for the first quarter of 2026. Recent Business Highlights Completed site acceptance testing for the SK On pilot cell line. Began facilities construction and completed factory acceptance testing of all key equipment for our continuous manufacturing pilot line for sulfide electrolyte production; commissioning remains on track for the end of 2026. Provided Samsung SDI with electrolyte under the Joint Evaluation Agreement with Samsung SDI and BMW and continued sampling to other customers. Continued to explore potential partners for commercial-scale electrolyte production in the Republic of Korea. Maintained financial discipline and completed a $130 million registered direct offering. "Completion of site acceptance testing marks an important moment in our partnership with SK On and the final milestone under the line installation agreement," said John Van Scoter, President and Chief Executive Officer of Solid Power. "We are proud that cell production lines using our technology are now on three continents—at our facilities in Colorado and our partners’ facilities in Germany and the Republic of Korea. We are encouraged by our progress in the first quarter of 2026 and remain focused on supporting our customers this year." First Quarter 2026 Financial Highlights Solid Power delivered $3.1 million in revenue and grant income during the first quarter of 2026. Revenue recognized was primarily attributable to progress towards the site acceptance testing milestone under our line installation agreement with SK On. Grant income recognized consisted of performance on an assistance agreement with the U.S. Department of Energy. Operating expenses were $29.4 million in the first quarter of 2026 compared to $30.0 million in the first quarter of 2025, with the reduction driven by timing of supplier and material shipments. First quarter 2026 operating loss was $26.3 million, and net loss was $13.0 million, or $(0.06) per share. Balance Sheet and Liquidity Solid Power’s liquidity position remains strong. Total liquidity as of March 31, 2026, was $435.3 million, as shown below. As of March 31, 2026, contract assets and accounts receivables were $12.7 million and total current liabilities were $17.1 million. Solid Power raised proceeds, net of fees and expenses, of $121.3 million from a registered direct offering during the first quarter of 2026. First quarter 2026 capital expenditures totaled $1.7 million, primarily representing costs for construction of a continuous electrolyte production pilot line. Webcast and Conference Call Solid Power will host a conference call at 2:30 p.m. MT (4:30 p.m. ET) today, May 5, 2026. Participating on the call will be John Van Scoter, President and Chief Executive Officer, and Linda Heller, Chief Financial Officer. The call may be accessed through a live audio webcast on Solid Power’s Investor Relations website at www.solidpowerbattery.com/investor-relations. An audio replay will be available at the same location. About Solid Power, Inc. Solid Power is developing solid-state battery technology to enable the next generation of batteries for the fast-growing EV and other markets. Solid Power’s core technology is its electrolyte material, which Solid Power believes can enable extended driving range, longer battery life, improved safety, and lower cost compared to traditional lithium-ion. Solid Power’s business model – selling its electrolyte to cell manufacturers and licensing its cell designs and manufacturing processes – distinguishes the company from many of its competitors who plan to be commercial battery manufacturers. Ultimately, Solid Power endeavors to be a leading producer and distributor of sulfide-based solid electrolyte material for powering both EVs and other applications. For more information, visit http://www.solidpowerbattery.com/. Forward-Looking Statements All statements other than statements of present or historical fact contained herein are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including Solid Power’s or its management team’s expectations, objectives, beliefs, intentions or strategies regarding the future. When used herein, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "plan," "outlook," "seek," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements include our financial guidance for 2026; our future financial performance, strategy, expansion plans, including plans related to the expansion of our electrolyte production capabilities, market opportunity, operations, and operating results; estimated revenues or losses; projected costs; future prospects; and plans and objectives of management. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Solid Power disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Readers are cautioned not to put undue reliance on forward-looking statements and Solid Power cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Solid Power, including the following factors: (i) risks relating to the uncertainty of the success of our research and development efforts, including our ability to achieve the technological objectives or results that our partners require and our ability to commercialize our technology in advance of competing technologies and our competitors; (ii) risks relating to our status as a research and development stage company with a history of financial losses with an expectation of incurring significant expenses and continuing losses for the foreseeable future, including execution of our business plan and the timing of expected business milestones; (iii) risks relating to the non-exclusive nature of our partnerships, our ability to secure new business relationships, and our ability to manage these relationships; (iv) our ability to negotiate and execute commercial agreements with our partners and customers on commercially reasonable terms; (v) broad market adoption of EVs and other technologies where we are able to deploy our technology, if developed successfully; (vi) our success attracting and retaining our executive officers, key employees, and other qualified personnel; (vii) our ability to protect and maintain our owned and exclusively-licensed intellectual property, including in jurisdictions outside of the United States; (viii) our ability to secure government contracts and grants, changes in government priorities with respect to our government contracts and grants or government funding reductions or delays, and the availability of government subsidies and economic incentives; (ix) delays in the construction and operation of facilities that meet our short-term research and development and long-term electrolyte production requirements; (x) changes in applicable laws or regulations, including tariffs; (xi) risks relating to, and potential liabilities resulting from, our information technology infrastructure and data security incidents, threats, breaches, or attacks; and (xii) risks relating to other economic, business, or competitive factors in the United States and other jurisdictions, including supply chain interruptions and changes in market conditions, and our ability to manage these risks and uncertainties. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the "Risk Factors" sections of Solid Power’s Annual Report on Form 10-K for the year ended December 31, 2025 and other documents filed by Solid Power from time to time with the Securities and Exchange Commission (the "SEC"), all of which are available on the SEC’s website at www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Solid Power gives no assurance that it will achieve its expectations. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505214730/en/ Contacts [email protected] [email protected]