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Solid Power, funded by Ford and BMW, needs a new CEO. Douglas Campbell, CEO and Board member, will depart immediately, the business announced.

Solid Power interim CEO is President David Jansen. The company is using an independent executive search firm to locate a permanent CEO and will explore internal and external candidates.

“As we enter the next phase in our evolution and build on our momentum as a newly public company, Doug and the Board decided that now is the right time to identify a new leader who will drive our product development and commercialization capabilities,” said Solid Power Lead Independent Director John Stephens.

Douglas Campbell will start a new chapter with "more time for the family," he said. He emphasizes that he will remain a major shareholder in the company. Campbell co-founded the University of Colorado spin-off in 2011. Solid Power is now a leading solid-state battery cell developer.

The US company said in the summer that it had finished the installation of its pilot production line and aimed to deliver the first cells for qualification testing to investors and clients Ford and BMW before the end of the year.

The prototype plant will make automated all-solid-state battery cells utilizing the company's patented sulphide-based solid electrolyte material. The pilot line should produce 15,000 cells per year at full capacity. Early reports indicate series production will begin in 2026.

NMC cathodes are produced using standard methods. Solid Power plans to construct a 390 Wh/kg cell with a silicon anode and a solid electrolyte. The cell (with NCM-811 cathode) has 440 Wh/kg energy density using a lithium metal anode instead of silicon.

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