Group14 Technologies

Group14 Technologies is an American manufacturer and supplier of advanced silicon battery technology for rechargeable lithium-silicon batteries. Headquartered in Woodinville, Washington, Group14 operates one commercial factory in Woodinville, Washington, and is building a second commercial factory in Moses Lake, Washington. Group14 is partnering with SK, Inc. to build a joint venture factory in Sangju, South Korea. In July 2023, Group14 acquired Schmid Silicon Group and plans to restart a silane facility in Spreetal, Germany. 
Group14 currently delivers its silicon battery technology, SCC55TM, to customers including Porsche for electric vehicle batteries and Amperex Technology Limited (ATL) for smartphones. https://www.reuters.com/business/autos-transportation/porsche-leads-400-million-investment-ev-battery-startup-group14-2022-05-04/https://www.fastcompany.com/91040975/group14-technologies-most-innovative-companies-2024
==History==
Group14 was founded in 2015 by Rick Luebbe and Dr. Rick Costantino after it was spun out from the energy storage materials company EnerG2, which BASF acquired in 2016. 
In April 2021, Group14 launched its first commercial Battery Active Materials factory (BAM-1) in Woodinville, Washington. 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. 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. In July 2023, Group14 acquired Schmid Silicon Group and plans to restart a silane factory in Spreetal, Germany.
==Technology==
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. Today, Group14 delivers to more than 100 customers. 
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. 
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. 
==Applications==
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. 
Group14 also delivers SCC55TM to smartphone-component manufacturer Amperex Technology Limited (ATL). 
==Finance==
To date, Group14 has received more than $650 million in financing. https://www.bizjournals.com/seattle/news/2023/12/10/rick-luebbe-group14-battery-tech-woodinville.html
In November 2019, Group14 announced it raised $18 million from investors including BASF Venture Capital and OVP Venture Partners. In December 2020, South Korea’s SK Group|SK materials led Group14’s $17M Series B round.
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. Group14 is leveraging the funding to accelerate the development of its second U.S. factory. 
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. 
In October 2022, Group14 announced it received $100 million as part of the Battery Materials Processing and Battery Manufacturing award from the United States Department of Energy|US Department of Energy's Office of Manufacturing and Energy Supply Chains (MESC). https://www.energy.gov/sites/default/files/2022-10/DOE%20BIL%20Battery%20FOA-2678%20Selectee%20Fact%20Sheets%20-%201_2.pdf
Category:Manufacturing in the United States
Category:Companies based in Woodinville, Washington
Category:Companies established in 2015