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Woodinville, Washington 251–500 employees Energy storage · Hydrogen group14.technology
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Group14 Technologies
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About Group14 Technologies

Company Overview

Name

Group14 Technologies

Headquarters

Woodinville, Washington, United States

Founded

2015

Size

Approximately 100 employees (source: geekwire.com). Total funding raised stands at $752.05 million (source: cbinsights.com).

What They Do

Group14 Technologies specializes in the development of advanced battery materials, particularly focusing on silicon-carbon composite anodes. Their flagship product, SCC55, replaces traditional graphite in lithium-ion batteries, resulting in a remarkable 50% increase in energy density. This innovation not only enhances the performance of batteries but also enables faster recharging, making it suitable for a wide range of applications including electric vehicles (EVs), consumer electronics, medical devices, aviation, and grid storage (source: cbinsights.com). The company has developed a proprietary technology that integrates silicon into carbon structures, which is protected by 33 patents primarily related to lithium-ion batteries and nanomaterials (source: cbinsights.com). By targeting original equipment manufacturers (OEMs) in the EV and electronics sectors, Group14 has secured partnerships with notable companies such as Porsche AG, which plans to integrate their technology into its electric vehicles (source: crunchbase.com). Their competitive edge lies in their ability to offer drop-in compatibility with existing lithium-ion infrastructure, making it easier for manufacturers to adopt their technology.

Projects & Track Record

Group14 Technologies has made significant strides in the battery materials sector, notably launching its first commercial-scale Battery Active Materials factory at its Woodinville headquarters in April 2021. This facility marked the beginning of their commercial supply of SCC55 to consumer electronics customers (source: geekwire.com). Currently, they are engaged in constructing two manufacturing modules in Moses Lake, Washington, which are expected to produce materials sufficient for at least 200,000 electric vehicles, utilizing hydropower for sustainable production (source: cbinsights.com). Additionally, Group14 is collaborating with SK Inc. to establish a joint venture battery material factory in South Korea, further expanding their production capabilities and supply chains (source: geekwire.com). These projects not only highlight their commitment to scaling production but also position them strategically within the growing Pacific Northwest battery hub.

Recent Developments

In the past two years, Group14 Technologies has successfully secured substantial funding to support its growth and expansion initiatives. In May 2022, they raised $400 million in a Series C funding round led by Porsche AG, aimed at integrating their technology into electric vehicles (source: geekwire.com). This was followed by an additional $214 million from Microsoft’s Climate Innovation Fund and other investors, bringing the total for the Series C round to $614 million, which ranked them among the top 10 climate tech investments of that year (source: cbinsights.com). Furthermore, they received $100 million in federal funding in October 2022 from President Biden’s Bipartisan Infrastructure Law, aimed at bolstering U.S. battery manufacturing for electric vehicles and grid applications (source: geekwire.com). These developments underscore Group14's rapid growth trajectory and its pivotal role in the evolving battery technology landscape.

Working There

Group14 Technologies offers a variety of roles primarily in research and development, manufacturing, engineering, and operations, reflecting their focus on scaling production capabilities. The company has experienced significant growth, expanding from 5 to 30 employees in just one year prior to 2021, and surpassing 100 employees by 2022 (source: crunchbase.com). Their primary hiring locations include Woodinville, where their headquarters and first factory are situated, as well as Moses Lake, Washington, which is integral to their expansion plans. The company culture emphasizes values such as passion, collaboration, tenacity, and integrity, aiming to redefine the rechargeable battery landscape (source: group14.technology). While specific employee benefits are not detailed in public sources, the emphasis on a collaborative and innovative work environment is evident in their operational ethos.

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