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SES AI Corporation (SES) is a pioneering company in the field of integrated lithium-metal battery manufacturing. Focused on research and development, SES AI Corp is dedicated to creating high-performance rechargeable batteries specifically designed for electric vehicles (EV), urban air mobility (UAM), which includes electric vehicle take-off and landing (eVTOL) systems, and other applications.
Currently in the pre-commercialization stage, SES AI Corporation is advancing lithium-metal (Li-Metal) battery technologies to enhance the efficiency and longevity of energy storage solutions. The company's expertise spans across various domains, including material science, cell development, module assembly, AI-powered safety algorithms, and recycling. This comprehensive approach ensures that SES AI Corp can deliver innovative and sustainable energy solutions to meet the growing global demand for clean energy.
One of the notable features of SES AI Corporation is its AI-powered safety algorithms, which play a critical role in enhancing the safety and reliability of their battery technologies. In addition to their robust research and development efforts, the company is also focusing on the initial production phase, gearing up to introduce these advanced batteries to the market.
SES AI Corporation's recent achievements include significant strides in battery performance, including increased energy density and improved cycle life, which are essential for the practical deployment of Li-Metal batteries in EVs and other applications. The company is also exploring strategic partnerships to bolster their technological capabilities and market reach.
With a strong commitment to innovation and sustainability, SES AI Corporation is well-positioned to lead the future of energy storage solutions, particularly in the rapidly evolving EV and UAM sectors.
For the latest updates and news, be sure to check out the most recent announcements from SES AI Corporation:
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SES AI (NYSE: SES), specializing in AI-enhanced Li-Metal and Li-ion battery development and manufacturing, has received official notification from the New York Stock Exchange (NYSE) on February 3, 2025, confirming its return to compliance with the exchange's minimum share price requirement. This compliance notice indicates that SES AI has successfully met the continued listing criterion specified under Section 802.01C of the NYSE Listed Company Manual.
SES AI (NYSE: SES) has announced preliminary unaudited revenue results for Q4 2024. The company expects to report Q4 revenue between $1.5 million to $2.0 million, driven by contracts with OEM partners for AI-enhanced battery solutions and drone applications.
The company's expense reduction efforts are expected to result in year-end 2024 liquidity of $260 million to $265 million with no outstanding debt. SES AI will release its full Q4 and 2024 results, along with initial 2025 guidance, after market close on February 25, 2025. The guidance will include projected 2025 revenue based on recent contracts and battery energy storage system opportunities, plus updated operating and capital expenditure outlooks.
SES AI (NYSE: SES) has signed a non-binding Memorandum of Understanding (MOU) with AISPEX, a Texas-based Retail Energy Provider, to provide Battery Energy Storage System (BESS) solutions. The partnership includes SES's proprietary AI for Safety Battery Management System for monitoring battery health and safety.
The MOU outlines a potential purchase order pipeline of up to $45 million and up to 100 MWh. The first deployment, scheduled for 2025, involves a project of up to 30 MWh valued at up to $13 million, to be implemented in two phases at a crypto mining site in Texas.
According to SES AI CEO Qichao Hu, the energy storage market, particularly in crypto mining and data centers, represents a total addressable market more than 10 times larger than the EV sector. The company aims to leverage its capabilities in materials discovery and superintelligent battery management through AI to extend BESS life and improve safety.
SES AI (NYSE: SES) has secured a significant purchase order from Data Blanket for AI-enhanced Li-Metal and Li-ion batteries to power AI-driven drones for forest fire management and border patrol applications. The initial shipments were delivered in December 2024, with the remaining deliveries expected by mid-2025.
The batteries offer higher energy density and power compared to conventional Li-ion batteries, enabling longer drone flight times. Data Blanket's drones provide rapid, firsthand data and images to firefighters, enhancing their operational capabilities. The company plans to expand the use of SES systems across its growing product line, leveraging SES's Li-Metal technology and AI-enabled management and safety systems for operations in harsh environments.
SES AI (NYSE: SES) has secured contracts worth up to $10 million with two major global OEM partners to develop AI-enhanced battery solutions. The contracts focus on applying AI for Science to develop new electrolyte materials for both Li-Metal and Li-ion batteries for automotive applications.
The revenue from these contracts will be partially recognized in Q4 2024, with the remaining portion expected through H1 2025. This development follows SES AI's recent breakthrough in creating the world's first battery using an AI-discovered electrolyte material for drones and robotics applications.
The new contracts will apply AI-discovered electrolytes for Li-Metal B-sample developments and, for the first time, with mature Li-ion batteries already in commercial use.
SES AI (NYSE: SES), a leader in AI-enhanced Li-Metal and Li-ion battery development, has announced that Founder and CEO Dr. Qichao Hu will participate in a Water Tower Research Fireside Chat on January 15, 2025, at 2:00 p.m. Eastern Time.
The discussion, co-hosted by Water Tower Research's CEO Shawn Severson and Senior Research Analyst Brian Gordon, will focus on three main topics: SES AI's recent CES appearance and their new AI-enhanced 2170 cylindrical cell for humanoid robotics, their ongoing work in EVs, UAMs, drones, and robotics, and their Molecular Universe project including a new electrolyte discovery.
The event will be open access for all investors, with registration available through Water Tower Research's website.
SES AI (NYSE: SES) has unveiled an innovative AI-enhanced 2170 cylindrical battery cell at CES 2025, specifically designed for humanoid robotics and drone applications. The cell features a groundbreaking electrolyte material discovered through SES AI's Molecular Universe initiative, developed in collaboration with NVIDIA.
The new technology has dramatically reduced the molecule mapping process from 8,000 years to just 2 months through advanced GPU and computing software. The AI-enhanced cell combines standard 2170 Li-ion form factor with improved features including enhanced low temperature performance, high-rate capabilities, and reduced gassing and thermal risks.
According to CEO Qichao Hu, this development addresses specific OEM requirements and opens new market opportunities in Li-ion 2170 cells. The worldwide market for Li-ion cylindrical cells is valued at $10 billion in 2023 and projected to reach $50 billion by 2033.
SES AI (NYSE: SES) has announced its participation in the 2025 CES Show at the Las Vegas Convention Center from January 7th to 10th. The company will unveil a groundbreaking AI-enhanced cell for robotics applications, featuring the world's first battery containing electrolyte material discovered through their Molecular Universe initiative. This project maps the properties of 10^11 molecules suitable for battery electrolytes.
The company will also showcase its high energy density Li-Metal cells designed for UAM, drones, and EV applications at Booth 9353 in the LVCC North Hall.
SES AI (NYSE: SES) announced its 4th annual Battery World event scheduled for December 17, 2024. The event will highlight several key developments, including the company's 100Ah Li-Metal cells passing GB38031-2020 global EV industry safety tests, expansion of Urban Air Mobility (UAM) lines, and completion of Site Acceptance Test (SAT). The company also announced cell supply agreements with SoftBank.
The event will feature sessions across multiple regions (U.S., China, and Korea) with panel discussions focusing on AI-Accelerated Material Discovery, manufacturing safety, and the convergence of AI and energy. SES AI expects its first revenue from AI-accelerated battery material discovery in 2025.
SES AI (NYSE: SES) reported its Q3 2024 results, highlighting significant achievements in commercialization. The company's 100Ah Li-Metal cells passed the GB38031-2020 global EV safety test, marking progress toward C-samples and production. SES secured UAM cell supply agreements, including with SoftBank, and is developing revenue streams from AI-accelerated battery material discovery. The company demonstrated improved cash management, reducing FY 2024 cash usage guidance to $80M-$95M from $100M-$120M, with liquidity extending into 2028.
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