Group14 Technologies
Group14 Technologies, founded in 2015 by Rick Luebbe and Dr. Rick Costantino, is a leading manufacturer of advanced silicon battery technology, with significant global operations and funding achievements.
Founders
Group14 Technologies was founded in 2015 by Rick Luebbe and Dr. Rick Costantino. The company was established to advance silicon battery technology and bring innovative energy solutions to the market. Both founders bring extensive experience in the field of advanced materials and battery technologies, providing the foundational leadership for the company’s growth.
Funding Rounds
Group14 Technologies has successfully raised significant capital across multiple funding rounds. In 2019, the company completed its Series A funding round, raising $18 million. This was followed by a Series B round in December 2020, which secured $17 million. The most substantial funding round occurred with a Series C in which Group14 raised $614 million, led by Porsche AG. Additionally, the company received a $100 million federal grant to support the construction of its BAM-2 facility.
Products
Group14 Technologies produces SCC55™, a patented silicon-carbon composite designed to enhance battery performance. The SCC55™ is recognized as a significant advancement in battery technology, improving energy density and efficiency in various applications. This technology positions Group14 as a leader in the silicon battery market.
Manufacturing Facilities
Group14 Technologies operates several manufacturing facilities worldwide to meet the growing demand for advanced battery materials. Major facilities include BAM-1 in Woodinville, WA, and BAM-2 in Moses Lake, WA. In addition to its U.S. operations, Group14 has expanded globally, with facilities in South Korea and Germany. The acquisition of Schmid Silicon in Germany has further bolstered the company's manufacturing capabilities in Europe.
Sector
Group14 Technologies operates in the advanced energy storage sector, focusing on the development and manufacturing of high-performance silicon battery materials. The company’s innovative products and global manufacturing footprint enable it to serve a diverse range of industries requiring improved battery solutions, including automotive, consumer electronics, and renewable energy sectors.
