- Supply contract value is expected to exceed
US$300M for supply beyond
2030
- CustomCells accelerates aggressive growth plans with the
integration of Group14 silicon battery material in the electric
vehicle (EV), eMobility, and eAviation sectors
WOODINVILLE, Wash. and ITZEHOE, Germany, July 8, 2024
/PRNewswire/ -- German battery pioneer CustomCells and Group14
Technologies, the world's largest global manufacturer and supplier
of advanced silicon battery material, today announced they have
signed a multi-year supply agreement, enabling CustomCells to
procure SCC55®, Group14's advanced silicon battery
material.
The supply contract value is expected to
exceed US$300M for supply beyond
2030.
CustomCells is planning to develop a factory in the United States with a capacity of up to
2GWh, underlining their North American growth plans. This
supply agreement between Group14 and CustomCells is expected to
exceed US$300M of contract value to
secure a substantial supply of SCC55® beyond 2030,
ensuring CustomCells' long-term capability to meet demand for their
high-performance battery cells.
"In collaboration with leading cell developers like CustomCells,
Group14 is turning the next generation of silicon batteries into a
reality for many automotive and aviation customers who seek
transformative, high-performance rechargeable power,"
said Rick Luebbe, CEO and co-founder of Group14. "We see
rapidly growing demand for Group14's advanced silicon battery
material due to the dramatic performance improvements in energy
density and extreme fast-charging rates that can be realized with
SCC55®."
"CustomCells, as an experienced premium player, knows how to
push new materials to their absolute limit. And Group14's
SCC55® opens the doors to the next level of
performance," says Dr. Dirk
Abendroth, CEO of CustomCells. "CustomCells is a leading
battery cell developer and manufacturer; Group14 is a highly
innovative material supplier – together we complement each other
ideally and expect to expand our work together. The collaboration
secures us access to silicon as an anode material for the next
generation of cells and the generation after that. This enables a
significantly higher energy density, including increased range,
extreme fast charging, and reduced battery weight."
Group14 and CustomCells have been working together since 2020.
"We have proven the potential of Group14's SCC55® and
have also made high-performance prototype cells available to our
customers, which have been very well received," said
Abendroth. In this partnership, valuable insights have been gained
- particularly with regard to processing in the extruder. In the
future, the main aim is to strengthen technical dialogue, including
with regard to future process technology and cell chemistry.
CustomCells integrates high silicon content into its 4695
cylindrical cells – and thus pushes the boundaries of what is
possible.
About CustomCells
Founded in 2012 as a spin-off from
the German Fraunhofer Institute, CustomCells innovates and
industrializes customer-centric premium battery technology,
powering the global energy transition for a better future. Based in
Itzehoe and Tübingen (Germany),
the company employs over 200 dedicated professionals and enables
customers throughout the entire value chain—from initial concept
development to the commissioning of series production
facilities.
More: www.customcells.com
About Group14 Technologies
Founded to enable the
electrification of everything, Group14 is the world's leading
commercial manufacturer and supplier of silicon battery technology.
Today, Group14 is working with more than 100 customers globally,
which represent 95% of worldwide battery production. Group14
operates a commercial-scale Battery Active Materials factory,
BAM-1, in Woodinville, WA, and
recently launched a joint venture factory with SK in South Korea. A second U.S. factory, BAM-2, in
Moses Lake, WA, is expected to be
completed in 2024. To date, Group14 has raised over $650 million in financing from investors and
customers such as Porsche AG, Microsoft Climate Innovation Fund,
OMERS, Lightrock Climate Impact Fund, Decarbonization Partners,
Amperex Technology Limited (ATL), BASF, Resonac and SK Inc. Visit
us at www.group14.technology.
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SOURCE Group14 Technologies