Solid Power's Q1 Loss Widens

10 May 2024 CW Team

Solid Power, a leading manufacturer of solid-state batteries, has reported a widened net loss for the first quarter of the fiscal year. The company's financial results indicate ongoing challenges in the competitive battery market and underscore the need for strategic adjustments to improve profitability.

In its financial report, Solid Power revealed a significant increase in net loss compared to the same period last year. The widened loss reflects various factors, including increased operating expenses, research and development costs, and market dynamics impacting product pricing and demand.

Despite the widened loss, Solid Power remains optimistic about its long-term prospects and continued progress in solid-state battery technology. The company is actively pursuing initiatives to enhance operational efficiency, streamline production processes, and expand its market presence to drive future growth and profitability.

Solid Power's focus on innovation and technological advancements in solid-state batteries positions it as a key player in the global energy storage industry. The company's solid-state battery technology offers potential applications across various sectors, including electric vehicles, consumer electronics, and renewable energy storage.

As Solid Power continues to navigate market challenges and pursue its strategic objectives, investors and industry stakeholders will closely monitor its performance and trajectory in the coming quarters. The company's ability to address cost pressures, scale production, and capitalise on emerging market opportunities will be critical in determining its success and competitiveness in the evolving battery market landscape.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..