![]() The company aims to be a leading producer of sulfide-based electrolytes, which positions it as a cog in the SSB value chain. "SLDP is one of a handful of solid state battery (SSB) developers in the world, and we think it has the potential to emerge as a leader for several reasons: 1) To separate itself from its peers SLDP has charted many paths to success with a diversified business model. In its short time as a public company, Solid Power has attracted the attention of Needham analyst Vikram Bagri, who sees several points for investors to consider. Solid Power realized $542.9 million in new capital from the business combination. The company completed a SPAC merger in December, with Decarbonization Plus Acquisition III the transaction was approved by the SPAC’s shareholders early in the month, and the SLDP ticker hit the NASDAQ on December 9. This is mainly a function of investors’ desire to buy into a growing market early.Īs it prepares for the expected boom in the charging and battery market, Solid Power has also just gone public. While the market is still young, and most of these companies are generating very little in the way of a revenue stream or profits, they’ve still been valued high in recent months. The pure-plays will deserve a second look from investors. This will include the big automakers, and the smaller EV companies, who are all working on charge points that can sold with their cars, but will also include a host of pure-play EV charging companies. A nationwide public charging net work will bring with it a host of jobs in manufacturing, distribution, maintenance – all in all, it will be a boon for companies involved in the EV charging market. According to estimates from the US Energy Department, reaching that goal by 2030 will require annual installations exceeding 11,000 charging stations. That growth will come from a combination of private and public support EV charging networks found a place in President Biden’s recent Infrastructure Bill, which set aside $7.5 billion to fund the build-out of 500,000 public charging stations, a goal that will form a coast-to-coast network. ![]() It’s estimated that it will hit $25.5 billion by 2027. The charging market is no small potatoes. ![]() ![]() And it’s a fact that leads us directly to the EV charging market. They may get the headlines, and Tesla may have boomed into a trillion-dollar company, but no EV will go anywhere if it can’t be recharged. ‘Last mile’ delivery, and various fleet businesses are already finding that EVs can meet their needs efficiently.īut the electric car market isn’t just about cars. A combination of social and political forces are pushing the industry more and more toward adoption of electric vehicles (EVs) as a new standard – although the internal combustion engine is not likely to be fully phased out, EVs are certain to find a large niche. The automotive sector is in the midst of an enormous change. ![]()
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