Top 10 Solid-State Battery Companies

The global solid-state battery market is projected to be valued at USD 0.26 billion in 2025 and reach USD 1.77 billion by 2031, growing at a CAGR of 37.5% during the forecast period. This remarkable trajectory is propelled by continuous research and development (R&D) and the mounting strategic investment in solid-state battery technologies. These innovative power solutions are gaining significant traction across industries, offering superior performance characteristics compared with conventional lithium-ion batteries. Notably, the automotive sector stands as a primary catalyst, with electric vehicle (EV) manufacturers actively seeking solid-state batteries for their enhanced energy density, faster charging capabilities, and improved safety profiles, which are crucial for extending driving ranges and mitigating thermal runaway risks. Beyond EVs, these batteries are revolutionizing consumer electronics, enabling the development of lighter, thinner, and more durable devices, while also being vital in powering wireless sensor networks and sophisticated wearable technologies. The convergence of technological breakthroughs and an increasing global demand for efficient, high-performance, and compact energy storage solutions fuels the solid-state battery market growth and widespread product adoption.

Major players operating in the solid-state battery market include Blue Solutions (France), Solid Power, Inc.  (US), ProLogium Technology Co, Ltd. (Taiwan), Ilika plc (UK), and Factorial Energy (US). To strengthen their global presence and capture a larger share of the solid-state battery market, these companies are actively pursuing organic and inorganic growth strategies. These include capacity expansions, strategic collaborations, technology partnerships, new product developments, and mergers & acquisitions. Through these efforts, they have successfully expanded their manufacturing footprint, entered emerging markets, and enhanced their supply chain capabilities to meet rising global demand across electric mobility, energy storage, and industrial applications.

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Major Solid-State Battery Companies Include:

• Blue Solutions (France)
• Solid Power, Inc. (US)
• ProLogium Technology Co, Ltd. (Taiwan)
• Ilika (UK)
• Factorial Energy (US)

For instance, in October 2024, Factorial Energy and Stellantis are collaborating to integrate FEST solid-state batteries with over 390 Wh/kg energy density into a demonstration fleet of Dodge Charger Daytona EVs by 2026, marking a major advance toward real-world solid-state deployment.

Blue Solutions (France): Blue Solutions, part of the Bolloré Group, develops and makes solid-state batteries with its unique technology for transportation and energy storage. The company uses its industrial skills, workforce, and research to move forward with the next generation of solid-state batteries. Its main goals include improving energy density and power output, lowering operating temperatures, and refining packaging design and electronic control systems. It produces solid-state LMP batteries through an extrusion process that creates ultra-thin films, supported by Bolloré Group’s expertise. As part of its growth and innovation strategy, it continues to invest in R&D to develop next-generation solid-state batteries with higher energy density and faster charging capabilities. The company aims to achieve commercial maturity for these advanced technologies by 2029, aligning with global electrification and carbon neutrality goals. Blue Solutions plays a vital role in shaping the future of clean mobility and resilient energy infrastructure with its vertically integrated supply chain, commitment to technological excellence, and global deployment in over 50 cities worldwide.

ProLogium Technology Co, Ltd. (Taiwan):  ProLogium Technology Co, Ltd. is a global leader in safe, affordable, high-performing battery technologies for vehicles, consumer products, and industrial uses. It was the first company worldwide to successfully develop, mass-produce, and sell solid-state lithium ceramic batteries (SSB). With over 15 years of experience in R&D, the company holds over 650 patents and patent applications for solid-state battery technology. Its product range includes various lithium ceramic batteries used in devices such as smart cards, IoT devices, wearables, portable gadgets, and electric vehicles. It supplies solid-state lithium ceramic batteries (LCBs). Unlike the liquid electrolytes found in standard lithium-ion batteries, it employs solid-state ceramic electrolytes in its batteries. This design eliminates concerns about leaks or fire risks.

Market Ranking

The solid-state battery market is comparatively competitive, with the key participants namely Blue Solutions (France), Solid Power, Inc.  (US), ProLogium Technology Co, Ltd. (Taiwan), Ilika plc (UK), and Factorial Energy (US) collectively accounting for approximately 40–50% of the global market share. Blue Solutions focuses on industrial-scale production and enhancing energy density through proprietary extrusion-based manufacturing. Solid Power, Inc. partners with major automakers, including BMW and Ford, to accelerate the commercialization of EV-grade solid-state batteries. ProLogium Technology Co., Ltd. invests heavily in pilot production lines while collaborating with global OEMs to scale its solid-state battery technology. Furthermore, Ilika plc targets miniaturized solid-state batteries for medical devices and IoT, with a roadmap to scale up Goliath EV batteries, and Factorial Energy leverages strategic partnerships and scalable electrolyte innovation to fast-track its solid-state battery rollout for EVs. These companies continue to shape the competitive landscape through investment in innovation, capacity expansion, and strategic collaborations.

Related Reports:

Solid-State Battery Market by Battery Type (Primary, Secondary), Capacity (Below 20 mAh, 20-500 mAh, Above 500 mAh), Application (Consumer Electronics, Electric Vehicles, Medical Devices, Energy Harvesting, Wireless Sensors) - Global Forecast to 2031

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