Solid Power Named 2017 Breakout Cleantech Company of the Year by Colorado Cleantech Industries Association

LOUISVILLE, Colo., Nov. 7, 2017 /PRNewswire/ -- Solid Power Inc., an industry-leading developer of the next-generation of all solid-state rechargeable batteries, today announced it has been named 2017 Breakout Cleantech Company of the Year by the Colorado Cleantech Industries Association (CCIA).

The Louisville, Colo.-based company was recognized for its efforts in advancing Colorado's cleantech ecosystem, increasing jobs and driving innovation in the cleantech sector, with a proven ability to scale its technology moving forward. Solid Power is developing its solid-state battery technology for use in the electric vehicle, aerospace, defense and consumer electronics industries. Compared to today's existing lithium-ion batteries, Solid Power's cutting-edge battery technology enables batteries to operate remarkably longer and with more power on a single charge while being considerably safer than current lithium-ion batteries.

"We are grateful to be recognized by CCIA for our growth in developing an improved battery with our current solid-state technology," said Doug Campbell, president and CEO of Solid Power. "This award is a validation of our work as the transportation industry increasingly shifts toward vehicle electrification. We are proud to know that our technology will provide an environmentally friendly, low-cost, and high-performing alternative for electric vehicles in the future."

Recently, Solid Power moved to a new 20,000 square foot state-of-the-art facility in Louisville to support commercialization of its battery technology with multiple partnerships with automotive manufacturers. A result of these partnerships will see the company's solid-state batteries powering electric vehicles by the mid 2020s. To learn more about Solid Power's solid-state batteries or review available company positions, visit: http://www.solidpowerbattery.com.

About Solid Power

Solid Power is an industry-leading developer of the next-generation of all solid-state rechargeable batteries. Established in 2012 as a spin-out company from the University of Colorado Boulder, based on ground-breaking research in solid-state battery technology, the company has an exclusive goal of commercializing the company's technology for battery-powered devices such as electric vehicles, portable electronics, aircraft, and satellites. For more information, visit http://www.solidpowerbattery.com.

About Colorado Cleantech Industries Association

Founded in 2008, CCIA is a statewide, industry-led, industry-focused organization dedicated to promoting Colorado's cleantech industry. CCIA impacts Colorado's policies, people, products and programs that drive expansion of a cleaner, cheaper, more efficient and secure energy economy. Through advocacy, public policy leadership, development and education, CCIA works to ensure that Colorado is a global cleantech leader. For more information, visit https://coloradocleantech.com/.

SOURCE Solid Power Inc.