SLDPW

• Partnership with BMW: Reached a significant achievement with BMW introducing an i7 test vehicle powered by their cells and solid-state battery technology, highlighting potential of electrolyte and cell technologies.
• SK On pilot line: Completed factory acceptance testing of the SK On pilot line, a key milestone under the line installation agreement, with work towards site acceptance testing later this year.
• Electrolyte development: Finished ordering long lead equipment and began detailed design for a continuous manufacturing pilot line for sulfide electrolyte production at SP2, on track for commissioning in 2026; received $3.3 million in reimbursements under DOE agreement.
• Shareholder value: Repurchased 3.3 million shares in Q2 at an average price of $1.05, totaling ~$3.6 million under stock repurchase program.

In the second quarter of 2025, Solid Power generated revenue of $7.5 million, up from $6 million in Q1 2025. Year-to-date revenue stands at $13.5 million. There are no distinct product segments detailed in the transcript, so performance is presented at the overall company level.

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