FREMONT, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) — Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, and Group14 Technologies, a leading manufacturer and supplier of active silicon battery material, today announced their collaboration to develop a silicon battery using Group14’s silicon-carbon composite SCC55^{®Enovix is on a mission to power the technologies of the future. Everything from IoT, mobile and computing devices, to the vehicle you drive, needs a better battery. The company’s disruptive architecture enables a battery with high energy density and capacity without compromising safety. Enovix is scaling its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand. For more information visit www.enovix.com and follow us on LinkedInFounded to enable the electrification of everything, Group14 is the world’s leading commercial manufacturer and supplier of silicon battery technology. Today, Group14 is working with more than 80 customers globally, which represent 95% of worldwide battery production. Group14 operates a commercial-scale Battery Active Materials factory, BAM-1, in Woodinville, WA, and recently launched a joint venture factory with SK in South Korea. A second U.S. factory, BAM-2, in Moses Lake, WA, is expected to be completed in 2024. To date, Group14 has raised over $650 million in financing from investors and customers such as Porsche AG, Microsoft Climate Innovation Fund, OMERS, Lightrock Climate Impact Fund, Decarbonization Partners, Amperex Technology Limited (ATL), BASF, Resonac and SK Inc. Visit us at www.group14.technology.Charles Anderson
Phone: +1 (612) 229-9729
Email: [email protected] Atkins
Phone: +1 (650) 815-6934
Email: [email protected]
(GlobeNewsWire)}