REC Silicon and Sila Nanotechnologies, Inc. (Georgia Institute of Technology startup) signed a Long-Term (till 2031) Silane Supply Agreement. The deal represents the first commercial deal for REC’s SiH4 in the EV battery market and ensures US-supply of silane for production of Sila’s Titan Silicon™ anode material. Under the terms of the agreement, REC will supply Sila with high-quality, US-produced silane for use in the production of Sila’s breakthrough nano-composite silicon anode materials for numerous customers, including Mercedes-Benz AG and Panasonic as well as many additional companies yet to be publicly disclosed.
Founded in 2011 with roots and the original technology from Georgia Tech School of Materials Science and Engineering, Sila is a next-generation battery materials company with the mission to power the world’s transition to clean energy. Sila developed and secured key IP and shipped the world’s first commercially available silicon anode for Li-ion batteries in 2021, and has since enabled battery performance enhancements in multiple consumer electronics devices. Sila’s Titan Silicon anode will next power longer-range and faster charging #EVs, including an upcoming version of the Mercedes-Benz #Gwagon electric SUV and will be used within Panasonic Energy’s next-generation Li-ion batteries, which will also serve the automotive industry. Committed to American leadership in clean energy production, Sila is scaling its technology at its manufacturing facility in Moses Lake, Washington. Major financial investors include 8VC, Bessemer Venture Partners, CPP Investments | Investissements RPC, Coatue, Matrix, Sutter Hill Ventures, and funds and accounts advised by T. Rowe Price, among others.
#supplychain, #startup, #cleanenergy, #batteries, #silicon, #lithium, #silane
We’re excited to announce a multi-year supply agreement with REC Silicon for its high-purity Signature Silane®, a key component in the production of our Titan Silicon anode.
To build a strong #battery supply chain and advance U.S. leadership in clean energy manufacturing, #cleantech companies must forge meaningful relationships with domestic raw material producers. We’re extremely proud to partner with REC Silicon, a leader in solar-grade silicon and silicon products, ensuring that we have a reliable, U.S.-based supply of silane to support Titan Silicon delivery to our customers.
This partnership also represents the first commercial agreement for REC’s high-purity Signature Silane® for use in the #automotive segment, demonstrating a demand for these materials across the #cleanenergy sector.
Read full press release: https://lnkd.in/eNy353Sw
REC Silicon and Sila Sign Long-Term Silane Supply Agreement | Sila
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