Group 14 Gets a Push from Porsche

Dean Sigler Announcements, Batteries, Electric Aircraft Components, Electric Aircraft Materials, Sustainable Aviation Leave a Comment

We covered Washington Governor Jay Inslee’s visit to the Group 14 Technologies battery plant in Woodinville last year.  Now the Group is getting attention from Porsche, among other funders.  The startup company announced raising $400 million from investors including the Teutonic automaker. According to Reuters, part of those funds will be used to build a second battery materials plant in eastern Washington State.  The company is now valued at over $1 billion, money which will help expand battery materials production for the silicon-lithium cell market. Silicon is a desirable material in batteries, capable of storing more energy than lithium or other metals.  It has a major drawback, though.  In expanding and contracting during charge-discharge cycles, it eventually deteriorates, crumbles, and …