LOUISVILLE, Colo.--(BUSINESS WIRE)--Solid Power Inc. today announced that it has been named “Emerging Cleantech Company of the Year” by the Colorado Cleantech Industries Association (CCIA). The 2014 Colorado Cleantech Awards recognize local companies for their efforts in advancing Colorado’s cleantech ecosystem, increasing jobs and driving innovation in the cleantech sector.
Solid Power is developing high-energy, low-cost solid-state rechargeable batteries for use in the aerospace industry, electric vehicles and for utility grid storage and consumer electronics. The batteries are made from low-cost ceramic precursor materials that are non-volatile and non-flammable. The company’s innovative technology enables batteries to run significantly longer on a single charge when compared to existing lithium-ion batteries.
“We are pleased to be recognized by CCIA for our unique approach to improving battery performance with the development of solid-state rechargeable batteries,” said Doug Campbell, president and CEO of Solid Power. “As we move closer to the commercialization of our batteries, we take pride in knowing that we are offering an environmentally stable and lower-cost alternative to the market.”
Winners of the Colorado Cleantech Awards were selected based on their ability to make an impact in the cleantech marketplace. Cleantech impact was gauged by examining the winners’ ability to achieve viable market strategies, entrepreneurial activity, an ability to raise funds to support technology development or commercialization efforts, and statewide job creation. Leaders were selected by a group of industry peers that ranged from venture capitalists and corporate strategists to current and former technology CEOs.
About Solid Power
Solid Power Inc. was founded in 2012 based on groundbreaking research conducted at the University of Colorado at Boulder under funding from the Defense Advanced Research Projects Agency. The company is developing solid-state rechargeable battery products for government and commercial markets, including aerospace and electric vehicles, where high energy, safe operation and long life are required. Since 2013, the company has received funding from the ARPA-E, State of Colorado’s Office of Economic Development and International Trade, the U.S. Air Force, the National Science Foundation, U.S. Missile Defense Agency and NASA. For more information, visit 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 http://www.coloradocleantech.com.