06:43 AM EST, 11/21/2025 (MT Newswires) -- Solidion Technology ( STI ) said Friday it has received a grant to support research and development of electrochemical manufacturing of high-performance graphite based on biomass-derived carbon.

The company said the award is part of a funding program of the US Department of Energy's Advanced Research Projects Agency-Energy.

As part of the grant, Solidion ( STI ) will conduct joint research with Oak Ridge National Laboratory. The company said the funding supports the Department of Energy's mission to reduce imports of critical energy materials from foreign sources.

Solidion Technology ( STI ) shares were up more than 8% in recent premarket trading Friday.