Solid Power reported second quarter 2026 financial results, recording a net loss of $23.8 million, or $0.11 per share, compared to a $25.3 million loss in the prior year period. The company recognized revenue and grant income of negative $0.3 million for the quarter, driven by a $1.2 million reversal of previously recognized revenue due to changes in milestone payment assumptions. Operating expenses were $30.0 million, resulting in an operating loss of $30.3 million. Total liquidity stood at $419.3 million as of June 30, 2026, with no debt financing. The company remains on track for cash investments between $85 and $100 million for the year. Solid Power operates in the advanced battery technology industry, developing solid-state electrolyte materials and cell designs for electric vehicles.

Solid Power, Inc. appointed Uwe Breitweg as a Class III director on July 1, 2026, succeeding Rainer Feurer. Mr. Breitweg was nominated by BMW Holding B.V. pursuant to nomination rights under a 2021 Board Nomination and Support Agreement. He will serve until the 2027 annual meeting of stockholders. Solid Power, Inc. develops solid-state battery technology for electric vehicles.