Stable Energy stated it would provide some mental property rights associated to its solid-state batteries to BMW and permit manufacturing of the battery cells on the automaker’s services in Germany.

Colorado-based Stable Energy will license the cell design and manufacturing processes to BMW, which can pay the corporate $20 million via June 2024, topic to sure circumstances.

BMW intends to duplicate Stable Energy’s pilot manufacturing traces at its personal facility in Germany and produce prototype cells based mostly on Stable Energy’s proprietary know-how.

Stable Energy will retain the mental property rights associated to its electrolyte materials, which it would provide to BMW as soon as the carmaker’s battery manufacturing traces are up and operating.

BMW, an investor in Stable Energy, already has an settlement to obtain completed battery cells.

Stable Energy, which went public in December final yr, is amongst a gaggle of corporations making an attempt to create next-generation batteries for electrical automobiles, aiming to resolve some points associated to lithium-ion batteries which can be at present is use.

Stable-state batteries use a strong electrolyte, in contrast with a liquid one in lithium-ion batteries, and have a decrease danger of catching hearth.