Why is Decarbonization Plus Acquisition Corporation III (DCRC) going high?

PDecarbonization Plus Acquisition Corporation III (DCRC) experienced an incline of 8.42% to $13.01 on December 10, 2021.

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Chief Financial & Chief Marketing Officer – Who’s it?

On 2nd November 2021, it was announced that Solid power is in the process to merge with DCRC. Not only this but Kevin Paprzycki and Jon Jacobs have been appointed as the Chief Financial Officer and Chief Marketing officer respectively. The company is raising and upgrading the team to include the crucial talents and high-caliber leadership capabilities they need to effectively propel the firm towards its goal of generating a cleaner, safer, and expense electric future. With Kevin’s financial and public company experience, as well as Jon’s strong and established track record in the battery business, DCRC thinks that they have the proper executives in place to guide the firm into its future phase of growth.

Partnership with SK Innovation – What’s going on?

Solid Power in process of merging with DCRC announced on 27th October 2021 that they are doing a partnership with SK Innovation. The agreement is meant to produce automotive-scale all-solid-state batteries. Moreover, SK Innovation will be able to build automotive-scale all-solid-state battery packs using Solid Power’s sulfide-based solid electrolyte, patented cell designs, and manufacturing techniques.

Furthermore, the partnership aims to make it easier for Solid Power to validate its all-solid-state cell research and manufacturing procedures as part of the industry-standard automobile qualifying process. Lastly, this is a significant step forward in Solid Power’s strategic plan to commercialize all-solid-state battery cells for electric vehicle installation and use.

What’s Next?

Solid Power’s all-solid-state manufacturing techniques are sustainable and consistent with existing lithium-ion production technologies. Collaboration with a worldwide leader in lithium-ion cell production is critical to the go-to-market strategy and satisfying expected demand.