<img src=https://nenpower.com/wp-content/uploads/2025/04/image-8566.webp alt=’How does the cost of Solid Power’s batteries compare to traditional lithium-ion batteries’ />
The cost of Solid Power’s solid-state batteries currently remains significantly higher than traditional lithium-ion batteries, although there are projections for cost reductions in the future.
<h2>Current Cost Comparison:</h2>
<ul>
<li>Solid Power's solid-state batteries are reported to cost approximately $800 to $1,200 per kWh as of recent data, which is about 8 times more expensive than the typical lithium-ion battery cost of $100 to $150 per kWh.</li>
<li>Other estimates suggest that solid-state batteries could be priced between $400 and $800 per kWh in the near term (around 2026), which still places them at 4 to 8 times higher than current lithium-ion batteries priced roughly at $120 per kWh.</li>
</ul>
<h2>Long-term Cost Forecasts:</h2>
<ul>
<li>Some analyses project that solid-state batteries could become cost competitive with or slightly cheaper than lithium-ion batteries in the long term when production scales and new manufacturing optimizations occur. For instance, one study suggests solid-state batteries could reach around $75 to $128 per kWh depending on the lithium excess used in the anode, compared to lithium-ion costs from $58 to $120 per kWh.</li>
<li>MIT’s study anticipates a cost crossover point by approximately 2035, where solid-state battery costs may fall below those of lithium-ion batteries due to technological improvements and economies of scale.</li>
</ul>
<h2>Factors Influencing Cost:</h2>
<ul>
<li>Lithium-ion batteries benefit from over 30 years of production scaling and optimization, resulting in lower costs.</li>
<li>Solid-state batteries require ultra-pure ceramic materials, increasing initial manufacturing costs despite using less cobalt.</li>
<li>Solid Power aims to produce solid-state batteries that deliver longer range and lower overall costs compared to current technologies, leveraging their design advantages for electric vehicles.</li>
</ul>
<h2>Summary Table:</h2>
<table>
<thead>
<tr>
<th>Aspect</th>
<th>Solid Power Solid-State Batteries</th>
<th>Traditional Lithium-Ion Batteries</th>
<th>Notes</th>
</tr>
</thead>
<tbody>
<tr>
<td>Current Cost per kWh</td>
<td>$800 - $1,200</td>
<td>$100 - $150</td>
<td>Solid-state currently ~8x more expensive</td>
</tr>
<tr>
<td>Near-Term Forecast (2026)</td>
<td>$400 - $800</td>
<td>~$120</td>
<td>Still 4-8x higher</td>
</tr>
<tr>
<td>Long-Term Projection</td>
<td>$75 - $128 (possible)</td>
<td>$58 - $120</td>
<td>Possible cost parity by 2035</td>
</tr>
<tr>
<td>Production Maturity</td>
<td>Early stage</td>
<td>Mature & optimized</td>
<td>Scale effect reduces cost over time</td>
</tr>
</tbody>
</table>
In conclusion, while Solid Power's solid-state batteries offer promising advantages in energy density, safety, and lifespan, their cost is currently substantially higher than traditional lithium-ion batteries but is expected to decrease with production scale and technology maturation over the next decade or two.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-does-the-cost-of-solid-powers-batteries-compare-to-traditional-lithium-ion-batteries/
