June 14, 2024. Group14 Technologies, the US manufacturer of advanced silicon battery materials, announced the signing of five multi-year binding offtake agreements on June 4.
These amount to a minimum commitment of over $300 million with five unnamed manufacturers — three EV and two consumer electronic cell —across Europe, Asia and North America, according to the firm.
“The agreements will allow Group14’s customers to deliver the highest performance batteries in production today to a diverse array of industries. This reflects the high demand for Group14’s breakthrough silicon-carbon anode material, SCC55,” says the firm.
This, it says, delivers superior energy density, faster charging times, and greater overall efficiency compared to traditional graphite and silicon oxide-containing anodes.
Group14 CEO and co-founder Rick Luebbe says Group14’s full customer base has forecasted demand for SCC55 that is more than four times the company’s projected production capacity by 2027. As a result, Group14 is rapidly scaling its global manufacturing capabilities worldwide.
A second factory in Moses Lake, Washington, is planned to start production this year and should have an initial annual capacity of 4,000 tonnes of SCC55 or 20 GWh of silicon battery material.
The first manufacturing module from Group14’s joint venture with SK in South Korea is in the final stages of commissioning.
