Factorial Energy Inc. announced on November 10, 2026, that it recorded its first commercial revenue during the third quarter ended September 30, 2026. The solid-state battery developer said the milestone was reached ahead of its previously disclosed objective of beginning commercial revenue in 2027.
The company also reported that cells developed under its aerospace program achieved an energy density of 450 Wh/kg. Factorial had set that figure as a year-end target and said it reached the performance level ahead of schedule. The release did not provide additional cell specifications or the amount of commercial revenue recorded.
Factorial disclosed the milestones alongside its financial and business results for the third quarter of 2026. It also issued a shareholder letter covering the quarterly results and recent technical and commercial progress, which it made available through the investor section of its website.
The company develops solid-state battery technology for aerospace, energy storage and mobility applications through its FEST and Solstice platforms. Factorial describes both platforms as designed for scalable manufacturing. Its backers include IQT, Mercedes-Benz, Stellantis, Hyundai and Kia.
Factorial also cited results from other battery demonstrations conducted in 2026. Its technology powered a Group I drone that flew for 521 minutes and traveled approximately 483 km (300 miles) in a single mission, which the company described as a flight-duration world record.
In automotive testing, the company said a lightly modified Mercedes-Benz vehicle exceeded 1,200 km of range on a single charge under real-world conditions. Factorial’s battery technology was also integrated into a fully built Dodge Charger Daytona demonstration vehicle with Stellantis in 2026. These examples were included in the company’s description of its progress across aerospace and mobility applications.
Source: globenewswire.com
