Israeli Firm Claims EV Charging Breakthrough
(Bloomberg) -- Israeli company StoreDot Ltd. has manufactured the first battery for electric vehicles that can be charged in just five minutes, a step toward making refueling as fast as cars at a gas station.
The lithium-ion samples were produced by StoreDot’s strategic partner in China, Eve Energy Co., and have been used as a demonstration in a two-wheeled scooter. StoreDot said that rapid charging batteries could overcome range and charging anxiety, a critical barrier to mainstream EV adoption.
However, batteries that charge this quickly may not be achievable at scale for years with existing plug-in infrastructure. Degradation relating to use of fast-charging also is an under-appreciated issue.
StoreDot is aiming for a 2025 mass roll-out if it can find the right strategic partners, Chief Executive Officer Doron Myersdorf said in an interview. Now that chemistry has proved extreme fast charging can be done, the battle becomes the infrastructure, he added.
“It’s not only a laboratory experiment, it’s a mass production product that is scalable,” Myersdorf said. “We’ve really focused on where the holy grail is -- five-minute charging of electric vehicles.”
Myersdorf said the company has thousands of samples to share with potential partners like tier 1 battery-makers -- ones which that can supply EVs.
“This is a huge positive to the industry, making rapid charging on the go more convenient and reducing a huge barrier to adoption,” said David Watson, CEO of EV-charging company Ohme Technologies U.K. Ltd. “But these benefits will take a while to come on stream.”
StoreDot was picked by BloombergNEF as one of its top 10 companies of 2020 leading the low-carbon transition. BP Plc invested $20 million in the company in 2018 and raised $60 million from companies including Daimler AG in 2017.
© 2021 Bloomberg L.P.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension