Solid Power Inc. has announced its financial and operational results for the first quarter of 2025. The company reported $6.0 million in sales, primarily driven by agreements with SK On Co., Ltd. Operating expenses for the quarter were $30.0 million, a decrease from $31.7 million in the first quarter of 2024. The operating loss was reported at $24.0 million, while the net loss stood at $15.1 million. The company's liquidity position remains strong, with total liquidity of $299.6 million as of March 31, 2025. In terms of business updates, Solid Power is progressing towards its 2025 operational goals, including the detailed design of equipment for a planned continuous manufacturing pilot line for sulfide electrolyte production, which is on track for commissioning in 2026. Additionally, the company is nearing completion of factory acceptance testing for the SK On pilot cell line, with site acceptance testing anticipated later this year. Solid Power continues to receive customer feedback on electrolyte sampling, aiding in process engineering and expected performance improvements.