#USA #Woodinville #Group14 Technologies #SCC55 #BAM Factory

Group14 Technologies Closes Major Funding and Expands Operations

Group14 Technologies, a global leader in advanced silicon battery materials, has announced the successful closure of a $463 million Series D funding round. This round was led by SK, Inc., with significant involvement from other existing investors including Porsche Investments, Microsoft Climate Innovation Fund, and OMERS. This strategic financial boost will enable Group14 to enhance its production capabilities and further scale its innovative silicon battery material named SCC55.

The announcement was made on August 20, 2025, and highlights the growing demand for energy storage solutions globally. As the need for sustainable energy storage technologies increases, Group14 is positioning itself to meet these challenges head-on. The funding will be channeled towards expanding manufacturing operations in both the U.S. and South Korea, regions critical to battery supply chains.

In addition to bolstering its financial backing, Group14 Technologies also secured 100% ownership of its manufacturing joint venture with SK, located in Sangju, South Korea. This joint venture, established in 2021, consisted of a battery active materials (BAM) factory that produces SCC55 at an electric vehicle (EV) scale. With this full acquisition, Group14 is now in a position to control the manufacturing processes directly, minimizing trade uncertainties while meeting regional demands.

Rick Luebbe, the CEO, expressed that achieving this level of ownership is a transformative moment for Group14, emphasizing that the future of high-performance energy storage with silicon battery technology is here. By strengthening their presence in Asia, the company aims to reinforce the security of the regional battery supply chain, which is crucial given the current global trade climate.

The BAM-3 factory, which is Group14’s third commercial facility, plays a strategic role as Asia is home to many of the world’s largest battery manufacturers. Having commenced operations in September 2024, this facility has already started supplying SCC55 to a vast array of clients, including over 100 electric vehicle and consumer electronics battery manufacturers.

Joe Kit Chu Lam, Executive Vice President at ATL (a subsidiary of TDK Corporation), has stated that Group14's technology is already being utilized in millions of batteries that power AI-enabled smartphones. This seamless integration into such advanced technologies illustrates Group14's commitment to pioneering efficient and high-performing energy storage solutions.

Group14 is aggressively pursuing global scale in battery technology, with existing operations in Washington State and plans for further expansion across Europe. A noteworthy development includes the establishment of a state-of-the-art silane gas factory in Germany, which will be providing a crucial precursor for next-generation energy storage technologies.

Since its inception, Group14 Technologies has successfully attracted over $1 billion in equity funding, underscoring its potential and ambition to lead the silicon battery revolution. As their materials continue to transform the energy storage landscape, the company is poised to play a significant role in the transition towards electrification and sustainability.

For more information about Group14 Technologies and their initiatives, visit www.group14.technology.