Solid Power grows sales, losses in second quarter

LOUISVILLE — As Solid Power Inc., (Nasdaq: SLDP) which makes solid-state batteries for electric vehicles, scales up product development, the company grew its revenues in the second quarter of 2022, but also its losses. 

Revenue for the second quarter of 2022 was $2.6 million, up from $600,000 in the same period last year. 

But, “driven by accelerated investments in product development and the scaling of our operations,” the Louisville company’s expenses grew in the quarter, resulting in an operating loss of $14.7 million for the quarter. Solid Power’s 2021 second quarter loss was $6 million. 

“First half results reflect continued solid execution by…