Wikipedia

Draft:Group14 Technologies

  • Comment: You are welcome to rewrite the article, but do not remove the AfC history as you did here. Bobby Cohn (talk) 19:48, 6 August 2024 (UTC)
  • Comment: Hard to escape the impression that this is a promotional piece; actual notability is difficult to assess in part because of incomplete citations, and many of the citations (bare URLs) being company links. Drmies (talk) 23:40, 4 June 2024 (UTC)
  • Comment: Thanks for your submission! I am declining this for now as the draft relies too heavily on primary sources and does not establish the subject's notability. Please click on the links above for more information, and change the sourcing to use more reliable sources instead. A couple of the links currently in § External links could be good resources. Let me know if you have any questions! (please Reply to icon mention me on reply; thanks!) —TechnoSquirrel69 (sigh) 22:04, 4 June 2024 (UTC)


Group14 Technologies is an American manufacturer and supplier of advanced silicon battery technology for rechargeable lithium-silicon batteries.[1] Headquartered in Woodinville, Washington, Group14 operates one commercial factory in Woodinville, Washington, and is building a second commercial factory in Moses Lake, Washington. [2] Group14 is partnering with SK, Inc. to build a joint venture factory in Sangju, South Korea. [3] In July 2023, Group14 acquired Schmid Silicon Group and plans to restart a silane facility in Spreetal, Germany. [4][5]

Group14 currently delivers its silicon battery technology, SCC55TM, to customers including Porsche for electric vehicle batteries and Amperex Technology Limited (ATL) for smartphones. [6][7][8]

History

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Group14 was founded in 2015 by Rick Luebbe and Dr. Rick Costantino [9] after it was spun out from the energy storage materials company EnerG2, which BASF acquired in 2016. [10]

In April 2021, Group14 launched its first commercial Battery Active Materials factory (BAM-1) in Woodinville, Washington. [11] In April 2023, Group14 broke ground on its second commercial BAM factory (BAM-2) in Moses Lake, Washington; the construction was supported by a $100 million grant from the United States Department of Energy. [2][8][10][12][13] In July 2021, Group14 announced a joint venture with SK to build a BAM factory in Sangju, South Korea, which is expected to have a nameplate manufacturing capacity of 2,000 tons of SCC55TM. [3] In July 2023, Group14 acquired Schmid Silicon Group and plans to restart a silane factory in Spreetal, Germany. [4][5]

Technology

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SCC55™ is a silicon-carbon composite anode material that promises up to 50% greater energy density and 0-80% fast-charging in under 10 minutes. [2][7][4][14][15] Today, Group14 delivers to more than 100 customers. [2][8]

In October 2021, Farasis Energy announced it had achieved increased energy density with SCC55™ that would enable them to reach 330 Wh/kg in automotive cells with more than 1,000 charge-discharge cycles. [16][17]

In November 2021, Group14 announced a strategic partnership with StoreDot, revealing that SCC55™ combined with StoreDot’s fast-charging technology enabled an energy density of 300Wh/Kg with over 700 cycles capable of being charged 0%-80% in 10 minutes. [18][19]

Applications

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In May 2022, Porsche AG announced plans to produce lithium-silicon battery cells with Group14's technology in Germany in 2024 to help power their electric vehicles. [6][7][8][20][21]

Group14 also delivers SCC55TM to smartphone-component manufacturer Amperex Technology Limited (ATL). [8]

Finance

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To date, Group14 has received more than $650 million in financing. [2][22]

In November 2019, Group14 announced it raised $18 million from investors including BASF Venture Capital and OVP Venture Partners. [23] In December 2020, South Korea’s SK materials led Group14’s $17M Series B round.[24]

In May 2022, Group14 announced it raised $400 million in Series C funding led by Porsche AG with participation from OMERS Capital Markets, Decarbonization Partners, Riverstone Holdings LLC, Vsquared Ventures, Moore Strategic Ventures, and other investors. [6][7][15][25] Group14 is leveraging the funding to accelerate the development of its second U.S. factory. [26]

In December 2022, Group14 announced it raised $214 million in additional financing from investors including Microsoft Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel to complete its total $614 million Series C round. [22][27]

In October 2022, Group14 announced it received $100 million as part of the Battery Materials Processing and Battery Manufacturing award from the US Department of Energy's Office of Manufacturing and Energy Supply Chains (MESC). [28][29]

References

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  1. ^ "Home". Group14.
  2. ^ a b c d e "Group14, the Washington company at the center of the EV lithium battery revolution - Axios Seattle".
  3. ^ a b Hye-jin, Byun (December 17, 2023). "[Herald Interview] Group14, SK Materials to operate Asia's largest silicon plant for EVs". The Korea Herald.
  4. ^ a b c "Subscribe to read". www.ft.com. {{cite web}}: Cite uses generic title (help)
  5. ^ a b "US battery firm restarts German silane plant". Chemical & Engineering News.
  6. ^ a b c "Porsche AG acquires stake in innovative producer of battery materials". Porsche Newsroom. April 5, 2022.
  7. ^ a b c d https://www.reuters.com/business/autos-transportation/porsche-leads-400-million-investment-ev-battery-startup-group14-2022-05-04/
  8. ^ a b c d e https://www.fastcompany.com/91040975/group14-technologies-most-innovative-companies-2024
  9. ^ "The 10 Largest US Funding Rounds of December 2022 – AlleyWatch".
  10. ^ a b "Battery startup Group14 Technologies raises $14M to make materials for electric cars – GeekWire".
  11. ^ "Group14 announces US manufacturing facility to produce lithium-silicon battery materials | Electrek".
  12. ^ "New silicon battery factory could bring hundreds of jobs, new industries to Moses Lake | Boomtown". krem.com. April 11, 2023.
  13. ^ "First look: Renderings of the world's largest factory for advanced silicon battery materials – GeekWire".
  14. ^ "Woodinville tech company is 'revolutionizing' electric vehicle batteries". king5.com. January 4, 2024.
  15. ^ a b "Group14 SCC55: The 200 Best Inventions of 2022". Time. November 10, 2022.
  16. ^ "Mercedes-Backed Farasis Says Silicon Boosts Battery Energy 25%". October 7, 2021 – via www.bloomberg.com.
  17. ^ "Farasis Batteries With Silicon-Carbon Anode Get 25% Energy Boost". InsideEVs.
  18. ^ "Is This Black Powder the Secret Solution to EV Charging Woes?". PCMAG.
  19. ^ "StoreDot | StoreDot and Group14 Technologies partner to enhance XFC with lithium-silicon". www.store-dot.com.
  20. ^ Gardner, Greg. "Group14 Technologies Raises $400 From Porsche-Led Investor Group". Forbes.
  21. ^ Casey, Tina (April 11, 2023). "Porsche Behind World's Biggest Silicon Battery Materials Factory". CleanTechnica.
  22. ^ a b https://www.bizjournals.com/seattle/news/2023/12/10/rick-luebbe-group14-battery-tech-woodinville.html
  23. ^ "Group14 Technologies secures $18M | PitchBook".
  24. ^ "Group14 Raises $17M to Scale Production of Its 'Revolutionary' Battery Tech | Built In Seattle". Built In.
  25. ^ Chant, Harri Weber, Tim De (May 4, 2022). "Porsche joins $400M bet on Group14's silicon batteries". TechCrunch.{{cite web}}: CS1 maint: multiple names: authors list (link)
  26. ^ "Electric vehicles: The 'entire industry' is transitioning to silicon batteries, Group14 CEO says". Yahoo Finance. May 9, 2022.
  27. ^ "The 12 Largest Global Startup Funding Rounds of December 2022 – AlleyWatch".
  28. ^ "Group14 awarded $100M by Dept. of Energy as part of effort to expand U.S. battery manufacturing – GeekWire".
  29. ^ https://www.energy.gov/sites/default/files/2022-10/DOE%20BIL%20Battery%20FOA-2678%20Selectee%20Fact%20Sheets%20-%201_2.pdf
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