Solid Power is a company focused on developing solid-state battery technology. These batteries are designed to replace traditional lithium-ion batteries, offering improved safety, energy density, and longevity. Solid-state batteries use a solid electrolyte instead of a liquid one, which reduces the risk of leaks and fires. Founded in 2012, Solid Power aims to enhance electric vehicle performance and energy storage solutions. The company collaborates with major automotive manufacturers, including Ford and BMW, to advance its technology and bring solid-state batteries to market. Their innovations could significantly impact the future of energy storage and electric mobility.