Group14 Technologies

Group14 Technologies (Group14) develops silicon-carbon composite materials as an alternative for the graphite used in lithium-ion batteries. Group14 claims that its flagship product SCC55, a micronized silicon-carbon powder, has 5x more capacity and offers up to 50% more energy density than graphite. Use cases for SCC55 include EVs, medical devices, aviation, and grid storage. 

In October 2020, Group14 announced the development of a production facility in Moses Lake, Washington, that is expected to carry a production capacity of more than 750,000 silicon-carbon anodes per year. In April 2023, the company began construction of a second commercial-scale Battery Active Materials (BAM-2) factory in Moses Lake, Washington. The factory is expected to begin manufacturing SCC55 in 2024.

Key customers and partnerships

In January 2024, Group14 Technologies partnered with Enovix Corporation, to utilize the former's silicon-carbon composite, SCC55, in silicon battery production.

Funding and financials

In October 2022, Group14 was awarded a USD 100 million grant by the US Department of Energy under the Bipartisan Infrastructure Law. Group14 will be using the funds to build two 2,000-ton-per-year commercial manufacturing modules in its second US Battery Active Materials factory (BAM-2) in Washington. 

In May 2022, Group14 raised USD 400 million in a Series C round led by Porsche AG. Following this in December 2022, the company raised USD 214 million in additional financing. This brings its Series C funding to a total of USD 614 million. The funds will be used to build its BAM-2 factory.