SUBSCRIBE
PROFILE

Group14 secures $463M and takes full control of its South Korean plant

The American battery materials manufacturer, Group14, finalizes a $463 million fundraising round and acquires full ownership of its South Korean joint venture from conglomerate SK Inc.

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

SUBSCRIBE
The American specialist in lithium-ion battery materials, Group14 Technologies, announced the closing of a $463 million funding round led by SK Inc. Several institutional investors participated in the deal, including Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate Impact Fund, and Microsoft Climate Innovation Fund. The fundraising aims to scale…

The American specialist in lithium-ion battery materials, Group14 Technologies, announced the closing of a $463 million funding round led by SK Inc. Several institutional investors participated in the deal, including Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate Impact Fund, and Microsoft Climate Innovation Fund. The fundraising aims to scale up the production of the patented silicon-based material SCC55, developed to meet the rising global demand for energy storage.

This financial operation is accompanied by a strategic restructuring of Group14’s industrial presence in Asia. The company acquired the remaining shares of its joint venture with SK Inc., thereby taking full control of the South Korean plant located in Sangju. Commissioned in 2024, this 10-gigawatt-hour facility produces SCC55 at industrial scale for manufacturers of electric vehicle and consumer electronics batteries.

Strengthening regional supply chains

Group14 identifies this acquisition as a key lever to strengthen regional supply chains in a context of geopolitical and trade tensions. The South Korean plant, called BAM-3, is the group’s third active battery materials facility, alongside two others in Washington state, United States.

The Sangju site is located in the heart of the world’s largest battery production hub, providing direct access to the company’s Asian customers. According to provided data, more than 100 manufacturers of electric vehicle and consumer electronics batteries are already supplied from this facility.

Global industrial expansion and European footprint

In addition to its facilities in Asia and the United States, Group14 is also expanding in Europe. The company is currently building a silane gas plant in Germany, designed to provide a critical precursor for next-generation battery production. This infrastructure aims to support the growing demand for silicon-anode battery materials in the European Union.

ATL, a subsidiary of Japanese group TDK Corporation, confirmed that Group14’s SCC55 technology is already integrated into millions of batteries powering artificial intelligence-enabled smartphones. The company also expressed support for broader distribution of this material to additional industrial players.

  • Popular on energynews.pro
U.S. Court Halts Transfer of 51% of YPF Shares to Creditors
Occidental and Algeria Launch Two Studies to Assess New Oil and Gas Fields
Norway exceeds its oil and gas production forecasts in July
Washington strengthens ties with Pakistan over minerals and hydrocarbons
RWE posts €2.1bn adjusted EBITDA in H1 2025 despite adverse wind conditions
HD Renewable Energy connects a 50 MW battery to the Hokkaido grid
HD Renewable Energy has completed the connection of its Helios storage system to the Hokkaido grid. The 50 MW project is expected to enter commercial operation by the end of 2025, targeting multiple segments of the Japanese electricity market.
Ingeteam delivers 35 MW of energy storage through seven projects in Australia
Ingeteam partners with JinkoSolar and ACLE Services to equip seven sites in Australia, representing a total capacity of 35 MW and 70 MWh of energy storage.
Copenhagen Infrastructure Partners acquires major storage project in Arizona
Copenhagen Infrastructure Partners has acquired from EDF power solutions North America the Beehive project, a 1 gigawatt-hour battery storage facility located in Arizona.
Acen Australia files federal application for 1,760MWh battery in Queensland
Developer Acen Australia has submitted a battery storage project to the federal government, targeting 440MW/1,760MWh in a region near solar and mining infrastructure in Queensland.
Google partners with Energy Dome for major energy storage project in Oman
Google invests in Italy’s Energy Dome to deploy in Oman a long-duration CO₂-based storage solution, in partnership with Takhzeen Oman and the sovereign wealth fund Oman Investment Authority.
Zeo Energy completes acquisition of Heliogen to boost long-duration storage
Zeo Energy has completed the acquisition of Heliogen, creating a new division dedicated to long-duration energy generation and storage for commercial and industrial markets.
Entech signs €5mn contract for storage system in Loire-Atlantique
Entech will deliver a 20 MWh battery storage system in Loire-Atlantique under an agreement that includes a twenty-year maintenance contract.
PGE deploys 475 MW of batteries to secure Portland’s electricity demand
Portland General Electric inaugurates three new battery energy storage sites, strengthening available capacity in the Portland metropolitan area by 475 MW and supporting growing demand while stabilising costs.
Wood Mackenzie: Tesla remains global leader in battery storage as Sungrow closes the gap in 2024
Tesla retains the top position in the global battery storage market, but Sungrow moves within one point, revealing intensifying rivalries and a rapid reshaping of regional dynamics in 2024.
Lyten reaches agreement to acquire the majority of Northvolt’s assets in Europe
Lyten announces an agreement to acquire most of Northvolt's assets in Sweden and Germany, bringing new industrial prospects to the energy storage sector in Europe.
Energy Vault launches Asset Vault with $300 mn investment to accelerate 1.5 GW energy storage
Energy Vault secures an exclusive $300 mn commitment to support the creation of Asset Vault, a subsidiary dedicated to building and operating 1.5 GW of energy storage projects across several continents.
Energy Vault finalises acquisition of 125 MW Stoney Creek storage site in Australia
Energy Vault confirms the acquisition of the Stoney Creek storage project, marking its first major operation in the Australian market, following approval from local authorities on foreign investments.
GoldenPeaks Capital invests 54 MW in battery energy storage in Poland
GoldenPeaks Capital strengthens its position on the Polish energy storage market with the acquisition of two battery systems, totalling 54 MW, secured by seventeen-year capacity contracts.
Adapture Renewables launches its first storage projects with 74 MWh in Texas
Adapture Renewables announces the commissioning of two battery energy storage systems in Texas, totalling 74 MWh in capacity, with technological support from Ascend Analytics for operational optimisation.
SolarMax Technology wins $127.3mn EPC contract for energy storage project in Texas
SolarMax Technology has signed a key contract to deliver a 430 MWh battery energy storage system in Texas, strengthening its presence in the large-scale US energy solutions market.
Sermatec invests in energy storage in Bulgaria with a 430 MWh project
Shanghai Sermatec Energy Technology Co., Ltd. announces an agreement to supply more than 430 MWh of energy storage in Bulgaria, marking a new step in the expansion of Chinese solutions in the European market.
Pulse Clean Energy secures GBP220mn to accelerate battery storage in the United Kingdom
Pulse Clean Energy raises GBP220mn ($292.3mn) from six international banks to fund six new battery sites, supporting the UK strategy to expand energy storage and transition to a more resilient network.
Ember: Merchant battery storage in India reaches 17% return in 2025
According to Ember, the profitability of battery storage on Indian wholesale markets is rising sharply, driven by the rapid decline in costs and high volatility in electricity prices.
Pacific Green signs 1.5GWh agreement with ZEN Energy for energy storage in Australia
Pacific Green has signed a commitment agreement with ZEN Energy for the management of 1.5GWh of battery storage across three major sites in Australia, strengthening its portfolio and accelerating the market launch of its projects.
Sunrun delivers 360 megawatts to the California grid during an unprecedented flexibility test
More than 100,000 residential batteries coordinated by Sunrun delivered 360 megawatts to the California electricity grid, setting a new record for distributed power during an exercise supervised by local authorities.
Consent Preferences