Solid Power partners with Lockheed on Air Force project

LOUISVILLE — Solid Power Inc. of Louisville will partner with Lockheed Martin Corp. (NYSE: LMT) to develop more efficient batteries to be used in the U.S. Air Force’s intercontinental ballistic missile system.

The two companies were awarded a $2.9 million two-year contract from the Air Force, Solid Power announced Monday.

Solid Power and Lockheed Martin will develop batteries that will extend energy storage duration and be suitable for a variety of voltage, current and environmental requirements, while reducing battery weight.

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“We are extremely honored by this opportunity from the U.S. Air Force to develop the next-generation of ICBM battery systems,” said Doug Campbell, president and CEO of Solid Power, in a prepared statement. “We believe that our technology is well suited to the unique requirements of ICBMs and believe that, together with Lockheed Martin, we are well suited to address the U.S. Air Force’s need for a high performance and reliable energy storage system.”

Lockheed Martin will support Solid Power in assuring that the battery design meets program requirements and in performing test and evaluation. This will include electrochemical and environmental testing of power cell units and fully configured batteries.