Evermore · 2026
Evermore Technologies · U.S. Manufacturing & Strategic Capital Briefing · 2026

Mission-ready cells. Safer architecture. American manufacturing.

Evermore is a U.S.-controlled, TRL 8 battery platform advancing silicon-enhanced cells, proprietary semi-solid electrolyte technology and configurable chemistry from operating pilot production toward a planned 500 MWh commercial facility in Texas.

~300 Wh/kgMeasured ELVION-X build
10% SiCurrent ELVION-S design
ArC pilotProcess and batch evidence
500 MWh/yrPlanned U.S. commercial capacity
Executive Summary · What Evermore Does

Evermore builds advanced battery cells—and the manufacturing system required to produce them at commercial scale.

Evermore is a U.S.-controlled battery company developing silicon-enhanced lithium-ion cells, proprietary semi-solid electrolyte technology and configurable NCM, LMFP, LMO and LTO cell architectures for defense, aerospace, autonomous systems and high-reliability commercial applications.

01 · Safety architecture

Control the conditions that turn cell failure into mission loss.

Evermore’s semi-solid electrolyte architecture is designed to reduce free liquid movement inside the cell, limiting leakage and the conditions that can accelerate ignition and thermal propagation under mechanical or thermal abuse.

Explore the architecture
02 · Energy architecture

Increase energy while engineering around silicon expansion.

Silicon-enhanced anodes increase capacity. Evermore combines material synthesis, electrode design and cell-level controls to manage expansion—10% silicon in the current ELVION-S design, with platform development extending up to 25%.

Explore the architecture
03 · Configurable cells

Match the chemistry and cell to the operating requirement.

NCM, LMFP, LMO and LTO provide a chemistry palette. Format, loading, interfaces and process conditions are configured around the customer’s safety, energy, power, temperature and duty-cycle requirements.

Explore the architecture
Technology readinessTRL 8

Physical cells, test evidence and production-representative batches support customer qualification.

Operating foundationArC Center

The pilot establishes process knowledge, batch discipline and manufacturing evidence.

American scale500 MWh/yr

Texas is planned as commercial production—not another demonstration line.

The proposition is straightforward: integrate advanced materials into complete cells, prove the manufacturing process, qualify the product and transfer that capability into American commercial production.
01 · Investment case

Evermore has built the technical and pilot base. Texas is the commercial-scale project.

Physical evidence

Cells, materials, independent test records and production-representative batches are available for diligence.

Separate cell programs

ELVION-X and ELVION-S follow distinct specifications, qualification paths and evidence records.

Operating pilot

The ArC Center turns materials work into process settings, batch learning, quality records and manufacturing knowledge.

Defined U.S. scale

Texas is planned for 500 MWh per year of commercial production—not another demonstration line.

The proposal is to finance domestic capacity after demand, cost, compliance and repayment evidence are documented—not to use commercial capital for first discovery.
02 · Strategic relevance

America’s power constraint is also a manufacturing constraint.

Advanced systems depend on cells whose performance, qualification and supply cannot be separated.

Defense, aerospace, autonomous systems, robotics and critical infrastructure operate across different envelopes. Dependence on concentrated foreign supply chains adds disruption risk to an already demanding technical problem. The stronger architecture is configurable, qualification-led and built close to the customer.

The opportunity is to scale Evermore’s operating pilot and process-development base into U.S.-controlled commercial production.
ELVION platformPhysical cells and materials—not presentationware.
03 · Evidence ledger

Measured results, independent testing and development targets must remain separate.

Evermore advances two cell programs and a semi-solid development pathway. Each claim is presented according to its current evidence status.

Measured build64 Ah

ELVION-X

Current large-format qualification build: approximately 300 Wh/kg and 788 g measured cell mass.

Production design6 Ah

ELVION-S

Current small-format production-design pouch cell incorporates 10% silicon and follows its own qualification path.

Element verifiedUL / UN

Required testing passed

ELVION-S passed all required UL 1642 and UN 38.3 test sequences in independent pre-certification testing conducted by Element, a globally recognized testing, inspection and certification firm. Formal certification documentation will be completed before commercial shipment.

Development targetUp to 400

Wh/kg platform target

Up to 25% silicon and semi-solid integration are platform development objectives—not the current ELVION-X production specification.

The evidence hierarchy is deliberate: measured today, independently tested, in development and targeted at scale.
Part I · Technology

The advantage is not one chemistry. It is control of the cell.

Performance follows from control of the cell architecture.

05 · ELVION platform

Evermore controls four levers that shape cell performance.

01

Semi-solid electrolyte

Evermore-developed hybrid electrolyte architecture that changes the safety and transport environment inside the cell.

Core platform backbone
02

Silicon anode system

Silicon-enhanced current architectures plus internal synthesis pathways designed to push future energy performance.

Current + roadmap
03

Cathode chemistry

NCM, LMFP, LMO and LTO give Evermore a chemistry palette rather than a one-chemistry product line.

Application tunability
04

Cell architecture

Geometry, format, loading, interfaces and process conditions are configured around the customer’s operating envelope.

Mission-specific design
06 · Semi-solid electrolyte

Semi-solid electrolyte is Evermore’s next development layer at the cell’s critical internal interface.

The program is designed to preserve ion transport while improving mechanical stability, thermal behavior and abuse tolerance. Integration remains a development and qualification pathway—not a claim attached to every current ELVION build.

Targets the internal interface where transport, safety and abuse response are decided.Seeks to preserve ion movement while reducing vulnerabilities associated with liquid-heavy systems.Must demonstrate repeatable full-cell performance, manufacturability and application-specific qualification.
Semi-solid electrolyteELVION™ semi-solid electrolyte material.
Silicon Composite Anode MaterialEngineered silicon-composite particle architecture designed to manage expansion during cycling.
07 · Silicon synthesis model

Silicon can increase energy density. Expansion is the engineering constraint.

Evermore’s silicon work is aimed at the central problem: managing expansion through synthesis, particle behavior and electrode architecture without surrendering manufacturability.

Expansion control is the core engineering problem.Synthesis, particle design and electrode architecture must work as one system.The objective is higher energy without sacrificing cycle life, safety or manufacturability.
08 · Chemistry platform

Chemistry follows the operating requirement.

The point is not to market every chemistry at once. It is to match the cell to the operating envelope.

NCM

Energy

High-energy applications where range and power density matter.

LMFP

Stability

Cost, stability and safety-oriented applications.

LMO

Power

Power and thermal behavior where the architecture permits.

LTO

Duty cycle

Cycle life and fast-charge profiles for specialized duty cycles.

09 · Full-cell proof

Materials engineering matters only if it survives the full-cell test.

Particle structure, interfaces, coatings and transport pathways begin at the material level. The finished cell is the culmination of those decisions.

Cell scalePouch formats
Build logicProduction-representative batches
EvidencePerformance, safety and process records
Full-cell evidenceELVION pouch cell used in physical testing.
Cell performance & certification

Measured cell performance is being converted into qualification evidence.

Evermore is advancing two separate cell programs: the large-format ELVION-X platform and the 6 Ah ELVION-S production design. Each has its own build and qualification path.

Up to 400

Wh/kg

Platform target specific energy; the current large-format ELVION-X build measures approximately 300 Wh/kg.

64 Ah

Large-format pouch

Current ELVION-X cell capacity.

788 g

Cell mass

Measured mass of the current 64 Ah qualification build.

Up to 25% Si

Silicon anode range

ELVION designs support up to 25% silicon; the current 6 Ah production-design pouch cell incorporates 10%.

Independent

NCT / Element laboratory

The 6 Ah ELVION-S production design was submitted for independent UL 1642 and UN 38.3 pre-certification testing.

UN 38.3

Seven cell-test categories

Pre-certification records report completion of all seven UN 38.3 categories applicable to cells.

UL 1642

Safety test protocol

Pre-certification test sequences were completed within the applicable acceptance criteria.

Pre-certification uses the same test protocols ahead of formal certification submission, reducing qualification risk before production shipment.

ELVION-X and ELVION-S are separate programs. Their specifications and qualification results should not be combined into a single cell claim.

10 · Safety and abuse response

Safety performance is an engineering requirement—not a marketing claim.

Evermore designs safety behavior into the cell architecture, then studies what happens when a cell is damaged. The evidence must remain disciplined: tests inform engineering; they do not eliminate the need for application-specific qualification.

Deformation resilienceThe cell continues to function after being deformed.
Post-cut functionalityThe battery continues powering the UAV after being cut.
11 · ArC Center

The ArC Center is Evermore’s manufacturing scale-up engine.

Formulation, electrodes, assembly, formation, testing and process records turn technical invention into a manufacturing system that can be deployed at larger scale.

Evermore ArC CenterThe operating pilot and process-development base connecting materials engineering, cell production, testing and manufacturing learning.
Pilot processOperating equipment converts materials work into controlled cell builds.
Controlled assemblyMaterials development connects directly to cell processing.
Batch evidenceCells prepared for performance evaluation and process learning.
Materials

Formulation, interfaces and electrode behavior.

Manufacturing knowledge

Process settings, quality learning, failure analysis and records.

Scale-up foundation

The evidence and operating knowledge required to commission additional U.S. capacity.

12 · From cell to customer

The commercial gap lies between a working cell and repeatable customer-ready batches.

The commercial bridge is not a press release. It is a sequence of increasingly credible physical evidence.

Sample cells

Put real cells into customer evaluation programs.

Qualification data

Turn performance, safety and process evidence into procurement confidence.

Batch production

Deliver enough repeatable volume to support early mission programs before full U.S. scale.

Evermore’s strategy is to build the missing industrial layer between prototype cells and full-scale capacity: repeatable batches, customer qualification and operating data.
Part II · Markets

A common cell platform across multiple operating envelopes.

The same cell-level advantages produce different outcomes depending on the customer and application.

13 · Demand architecture

The same power problem appears across air, sea, ground and infrastructure.

Defense

Mission systems

Soldier power, UAS, UUV, autonomous maritime, tactical energy, field recharge and critical mission systems.

Endurance · safety · readiness · secure supply
Commercial

Strategic infrastructure

Aerospace, robotics, specialty mobility, industrial systems and high-reliability energy storage.

Performance · reliability · qualification · domestic capacity
Capability 01Fly farther

More range or payload inside the same envelope.

Capability 02Stay safer

Reduced failure consequences under abuse and thermal stress.

Capability 03Charge faster

Higher utilization where duty cycle matters.

Capability 04Source securely

A trusted manufacturing path for mission-critical programs.

Customers do not buy batteries. They buy capability.
14 · Scale architecture

Vertical integration connects materials engineering to manufacturing scale.

Evermore develops the materials, engineers the cell, industrializes the process and uses that operating knowledge to expand U.S. capacity.

Materials to cellNanoscale materials, semi-solid electrolyte and silicon expansion control converge into a complete cell.
Cell to processThe cell is only valuable if it can be built again with the same behavior, quality and records.
Process to scaleProcess knowledge, equipment definition and operating evidence support a disciplined capacity build in Texas.
Vertical integration allows Evermore to retain control of core materials, cell architecture, process settings and quality as manufacturing capacity expands.
Part III · Team

Execution determines whether battery technology reaches production.

Technical differentiation creates the opportunity. Manufacturing and commercial discipline determine the outcome.

15 · Leadership

The leadership team combines cell engineering, operations, commercialization and U.S. execution.

Michael Rhee
Founder, Chairman & Chief Executive Officer

Built and led financial-services and registered investment advisory businesses, managed more than 150 associates, and advised investors and multinational companies on cross-border acquisitions and industrial onshoring. At Evermore, he assembled a former Samsung Electronics and Samsung SDI executive team spanning battery development, manufacturing expansion and automation.

Dongwhan Kim
Chief Technology Officer

Cell research, materials, electrolyte and technical development across the ELVION platform.

Walter Hong
Vice President · Operations

Oversees day-to-day operations, production planning, facilities, supplier coordination and cross-functional execution. His role is to translate technical and commercial priorities into schedules, resources and accountable delivery as Evermore scales.

John G. Vonglis
Head of Global Advisory Committee

Strategic-capital, commercialization, institutional-finance and government-program discipline.

Jay Koo
Advisor

Former chief executive of SK Innovation; industrial scale and battery-commercialization perspective.

Battery execution bench

The operating bench covers the disciplines required for production.

Jin Kyung Kim
Cell R&D Advisor

Former Samsung SDI cell R&D and project leadership.

Ji Sang Hwang
Production Engineering Advisor

Former Samsung SDI mass-production engineering leadership.

Jong Shin Kim
Commercial Advisor

Former Samsung SDI electronics sales leadership.

Jung Il Choi
Go-to-Market Strategy

Commercial execution and industrial partnership development.

The team story is deliberately practical: people who understand capital, cells, factories, customers, automation and qualification.
16 · Institutional judgment

The advisory bench adds judgment across defense, government, capital and institutional scale.

Advisory depth matters because Evermore is moving from technology development into qualification, government engagement, communications, capital formation and U.S. scale-up.

Hon. John G. Vonglis
Head of Global Advisory Committee

John G. Vonglis brings experience at the intersection of federal energy policy, public finance, advanced-technology commercialization and institutional capital.

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Gen. Norton A. Schwartz, USAF (Ret.)
Senior AdvisorFour-Star U.S. Air Force (Ret.) · Requirements & Acquisition

General Norton A. Schwartz is a retired four-star U.S. Air Force officer whose career combined operational command, special operations, global mobility and senior defense leadership.

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Lt. Gen. Ricky L. Waddell, USA (Ret.)
Senior AdvisorThree-Star U.S. Army (Ret.) · National Security & Interagency

Lieutenant General Ricky L. Waddell is a retired three-star U.S. Army officer whose career spans senior military command, White House service, interagency leadership and international business.

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Dr. Kyeongjae “KJ” Cho
AdvisorMaterials Science & U.S. Manufacturing

Dr. Kyeongjae Cho is a professor of materials science and engineering at The University of Texas at Dallas and a researcher in computational materials, nanoscale systems and advanced batteries.

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William (Billy) Carroll, Master Chief Petty Officer (Ret.)
AdvisorMaritime Autonomy & Special Operations

William (Billy) Carroll brings 36 years of combined service to the U.S. Naval Special Warfare community, including 25 years as a Navy SEAL operator with DEVGRU and 11 years as a civilian program manager supporting NSW operations.

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W. Storm Nickerson
AdvisorStrategic Capital & Risk Governance

Founder and Managing Partner of Cross Range Capital, with more than 25 years of experience spanning investment banking, private investment, capital markets and risk advisory.

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Engineering creates the capability. Customers validate it. Manufacturing and capital discipline determine whether it scales. The right advisory bench strengthens judgment at each consequential step.
Part IV · Industrialization

Manufacturing is the harder half of battery commercialization.

The largest execution risk often sits between a working cell and repeatable production.

17 · Manufacturing architecture

Repeatability is built one process step at a time.

01SlurryMaterials dispersion
02CoatingElectrode uniformity
03CalenderingDensity and porosity
04StackingAlignment control
05FillingSemi-solid infusion
06FormationActivation and grading
07QATraceability
Production architectureEquipment, process definition and facility planning must be engineered as one system.
18 · The industrialization gap

Evermore has already built the pilot platform required to cross the industrialization gap.

The ArC Center integrates materials, cell design, batch production, formation, testing and process records. The next facility is intended to scale an operating manufacturing base—not create Evermore’s first production capability.

01

Technology control

Semi-solid electrolyte, silicon-anode engineering, chemistry selection and cell architecture are developed as one platform.

02

Operating pilot

The ArC Center provides the equipment, batch learning and manufacturing records that most startups still need to build.

03

Measured evidence

Full-cell performance, abuse testing and the UL 1642 / UN 38.3 certification pathway reduce technical and procurement risk.

04

Commercial-scale plan

The U.S. project is designed for 500 MWh of annual production capacity, with commissioning and ramp tied to demand.

Conventional battery startup
01Materials promise

Early performance is demonstrated at laboratory scale.

02Fragmented pilot learning

Critical process work is outsourced or spread across suppliers.

03First plant becomes the pilot

Commercial capital is used to discover the manufacturing process.

04Risk appears after capex

Yield, redesign and qualification delays emerge after major commitments.

Evermore’s industrial advantage
01Core technology controlled

Materials, electrolyte, chemistry and cell architecture are integrated.

02ArC pilot operating

Batch production and process learning already occur inside Evermore’s system.

03Evidence before scale

Performance, safety, certification and customer qualification precede major capacity.

04Commercial facility next

The 500 MWh/year project scales an existing base into market-facing output.

For capital providers, this changes the use of proceeds: the next facility is intended to fund commercial capacity, commissioning and ramp—not Evermore’s first pilot.
Execution partners

Evermore retains the core technology and uses experienced partners to reduce execution risk.

Allied Equipment Partner210 GWh

Company-reported battery-equipment project track record across major customers, spanning process-line engineering, automation, equipment integration and commissioning.

Gresham Smith430+ GWh

Combined annual capacity represented across more than 35 million square feet of battery-plant design expertise, with capabilities from site evaluation and architecture/engineering through utilities, construction administration and commissioning.

UT Dallas / BEACONSNorth Texas

Research, materials validation and talent ecosystem supporting qualification, commercialization and the regional manufacturing pathway.

Portfolio context. Figures are company-reported partner experience and do not represent Evermore production or capacity. Sources: allied equipment-partner presentation to Evermore, April 2026; Gresham Smith Energy practice. Evermore project scopes remain subject to final definition and contracting.

Part V · U.S. Growth

American manufacturing is the next stage of Evermore’s industrial plan.

The objective is a financeable U.S. manufacturing project built from proven technical capability—not a speculative capacity announcement.

19 · Texas

Texas is the project to underwrite.

The North Texas plan scales Evermore’s operating pilot and process-development base into a defined U.S. commercial line. Site, process, utilities, cost, schedule and demand must mature together.

Site & projectNorth Texas site selection and project definition are underway; final site control remains a financing gate.
Process & utilitiesLine layout, equipment scope, dry-room requirements, utilities and permitting path will be developed as one integrated design.
Capacity basisPlanning is sized for 500 MWh of annual production capacity, with commissioning and ramp tied to validated demand.
Cost & scheduleAn integrated project estimate and schedule follow site and line definition; no final construction budget is represented here.
Underwriting gatesCustomer demand, sponsor capital, operating economics, compliance and repayment evidence precede construction financing.
Potential manufacturing shellReal space and a project that can be underwritten in stages.
Execution pathSite work and industrial partners move the story toward project definition.
Scale-up disciplineProcess know-how and production equipment support staged U.S. output.
20 · Scale strategy

From the ArC Center pilot to 500 MWh of U.S. commercial production.

Evermore is not proposing another demonstration line. The U.S. project is intended to convert an operating pilot base into 500 MWh per year of commercial production capacity.

01ArC Center pilot

Existing pilot equipment, production-representative batches, process learning and manufacturing records.

02Customer & certification

Cell sampling, independent testing, UL 1642 / UN 38.3 evidence and application-specific qualification.

03500 MWh/year facility

Planned U.S. commercial cell production—not another pilot line.

04Commission and ramp

Install equipment, validate yield and bring commercial output online against demand.

21 · Path to construction

Four milestones move Texas from plan to production.

The work now is to convert Evermore’s operating pilot capability into a construction-ready commercial project. Each milestone removes a specific execution or underwriting risk.

The objective is straightforward: pair demonstrated pilot capability with a defined 500 MWh U.S. facility and the capital structure to build it.
Evermore Technologies

Evermore’s next phase is manufacturing scale.

A configurable cell platform, repeatable batch production and staged U.S. capacity.

Configurable cells · Repeatable production · American capacity