Posco Future M Signs Solid-State Battery Technology Development MOU with US Factorial Energy

Synergy Expected Between Posco Future M's Cathode and Anode Material Competitiveness
and Factorial Energy's Battery Cell Technology

Posco Future M is set to collaborate with Factorial Energy of the United States on the development of solid-state battery technology.

Posco Future M signed an MOU for solid-state battery technology development with Factorial Energy, a U.S. solid-state battery company, at the 'Future Battery Forum' held in Berlin, Germany, on the 25th of last month. From left, Youngjun Hong, Head of Technology Research Institute at Posco Future M, and Siyu Huang, CEO of Factorial Energy. Posco Future M

On December 4, Posco Future M announced that it had signed a strategic cooperation MOU for solid-state battery technology development with Factorial Energy, a U.S. solid-state battery company, at the 'Future Battery Forum' held in Berlin, Germany, on November 25 (local time). The signing ceremony was attended by senior executives from both companies, including Youngjun Hong, Head of the Technology Research Institute at Posco Future M, and Siyu Huang, CEO of Factorial Energy.

Solid-state batteries use a solid electrolyte instead of a liquid one between the battery’s cathode and anode, resulting in greater safety, higher energy density, and superior charging performance compared to conventional batteries. As such, they are being highlighted as a “game changer” in next-generation mobility industries such as electric vehicles and robotics.

Factorial Energy, headquartered in Massachusetts, is a leading company in the solid-state battery industry. In Korea, it is ramping up operations by running a solid-state battery pilot plant in Cheonan, South Chungcheong Province.

Through this agreement, Posco Future M aims to further strengthen its competitiveness in the solid-state battery materials business. The company is currently pursuing research and development of cathode materials and silicon anode materials for solid-state batteries.

Youngjun Hong, Head of the Technology Research Institute, said, "We expect to create synergies in the next-generation solid-state battery business by combining Factorial Energy’s battery technology and market presence with global automakers, and Posco Future M’s competitiveness in cathode and anode materials."

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