Solid Power, an all-solid-state battery (ASSB) manufacturer for electric vehicles, delivered $20.1 million in revenue during 2024, marking a 16% increase from $17.4 million in 2023. The company attributed this growth primarily to progress on its SK On Agreements, executing key steps in technology transfer and achieving milestones related to its line installation agreement. The revenue exceeded analysts’ expectations by $2.64 million.