Coreshell Technologies Secures $30M Series B to Scale Domestic Silicon-Anode Battery Production
Coreshell Technologies has closed a $30 million Series B funding round co-led by Ferroglobe PLC (NASDAQ: GSM) and Access Industries. The capital is intended to accelerate the commercialization of Coreshell's battery technology, which aims to eliminate reliance on Chinese critical materials by replacing conventional graphite with domestically sourced metallurgical silicon (MGS). The company is leveraging this private investment alongside a previous $50 million Department of Energy grant to build its first giga-scale factory. By utilizing MGS and securing lithium through an agreement with L&F Co., Ltd, Coreshell seeks to provide high-performance, secure battery solutions for the defense, automotive, and data center sectors, mitigating geopolitical risks associated with China's dominance in the graphite supply chain.
Tickers: $GSM
Topics: Battery technology Critical materials Domestic manufacturing Series B financing Supply chain resilience