Elevated Materials Plans to Triple Production of Lithium Metal Films by 2026
Elevated Materials, marking its first anniversary, plans to triple its production capacity of ultra-thin lithium metal films by 2026, following a record output of over 100 kilometers delivered to a single customer in 2025. The company, formed from Applied Materials with support from the TPG Rise Climate Fund, aims to meet increasing demand from battery manufacturers for high-quality lithium metal anodes, focusing on achieving gigawatt-hour scale manufacturing.
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Elevated Materials announced significant milestones as it marks its first anniversary, reporting strong commercial momentum and plans to triple production capacity by 2026. The company, established from Applied Materials with funding from the TPG Rise Climate Fund, achieved record output in 2025, delivering over 100 kilometers of ultra-thin lithium metal films to one customer among more than 30 global clients.
Elevated Materials produces ELi™, high-quality ultra-thin lithium films, through proprietary roll-to-roll vacuum deposition platforms, enabling next-generation anode solutions for electric vehicles, consumer electronics, aviation, and energy storage. The company aims to meet rising demand from battery manufacturers seeking reliable supplies of lithium metal anodes, with a focus on achieving gigawatt-hour scale manufacturing in 2026.
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