In April 2022, REL announced a $4 million investment in Group14 Technologies, Inc. (“Group14”), a lithium-silicon battery company.
Founded to enable the coming electrification of everything, Group14’s breakthrough silicon-anode battery material technology elevates battery performance for all applications to accelerate the global transition to an all-electric future. Group14 currently operates a Battery Active Materials factory in Washington state with two forthcoming factories: one in South Korea as part of a joint venture with SK Group (coming online in 2022) and a second U.S. factory (coming online in 2023). To date, Group14 has raised $441 million in financing from Porsche AG, OMERS Capital Markets, Decarbonization Partners, Riverstone Holdings LLC, Vsquared Ventures, Moore Strategic Ventures, Amperex Technology Limited (ATL), BASF, Cabot Corporation, Showa Denko, OVP Venture Partners and SK materials.
Find out more on the Group14 website.