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Group14 Secures $300M Deal to Produce Materials for German Battery Cells Company CustomCells

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Group14 Secures $300M Deal to Produce Materials for German Battery Cells Company CustomCells

Climate Insider Brief:

  • Group14 Technologies has secured a $300 million deal with German battery cell company CustomCells to supply its silicon anode product, SCC55, which will be used to enhance the performance of CustomCells’ battery cells for electric vehicles, aviation, and e-mobility.
  • The partnership between Group14 and CustomCells began in 2020, with CustomCells producing prototype cells using SCC55 for testing with its customers.
  • Group14 is expanding its manufacturing capabilities with a new facility in Moses Lake, Washington, set to open later this year, while CustomCells is considering establishing a factory in the United States.

Next-generation battery materials manufacturer Group14 Technologies has announced a significant agreement with German battery cell company CustomCells. Under the terms of the deal, CustomCells will purchase $300 million worth of Group14’s silicon anode product, SCC55.

CustomCells plans to integrate SCC55 into its battery cells to enhance their performance. The company, which produces batteries for electric vehicles, aviation, and other e-mobility applications, has been partnering with Group14 since 2020. During this time, CustomCells has been developing prototype cells with SCC55 for testing with its customers.

Group14, headquartered in Woodinville, Washington, is currently constructing a manufacturing facility in Moses Lake, Eastern Washington, scheduled to open later this year. The company also operates a joint factory with SK in South Korea, expanding its global manufacturing capabilities.

Meanwhile, CustomCells is exploring the possibility of establishing a factory in the United States, aiming to bolster its presence in the North American market.

This strategic partnership marks a significant milestone for both companies, positioning them at the forefront of the rapidly evolving battery technology landscape.

News Source: GeekWire

Featured Image: Credit: Group14