Batteries have become the crucial constraint for many electrification advances. Especially for electric vehicles. I have an EV (Ioniq 6, which I recommend) with the main constraint centering on battery size and charging time. I’ve heard from a Israeli company called StoreDot who is moving towards commercialization of an “extreme fast charging” battery technology. Following are highlights of its 2023.
- This year saw it sign landmark agreements with strategic partners Volvo Cars, Polestar, VinFast and Flex|N|Gate
- 2023 also saw 15 leading global OEMs test its cells for six to nine months verifying outstanding performance and proceeding to B-sample projects with several OEMs
- StoreDot’s recent joint development project with Polestar yielded an announcement about the world’s first 10-minute EV charging demo for early 2024
- StoreDot proved it offers the first and only solution to enable EV fast charging with high cycle life during consecutive fast charging, showing no degradation of performance due to fast charging
- StoreDot expanded globally this year opening an innovation hub in California and appointed renowned automotive industry leader Carl-Peter Forster as its Chairman
- StoreDot remains firmly on track for the mass production readiness of extreme fast charging ‘100in5’ battery cells in 2024
Doron Myersdorf, StoreDot CEO said:
“In 2023, StoreDot has not only achieved all of its planned milestones, but we have also made significant strides towards commercialization and mass production of our extreme fast charging battery cells. We proudly declare ourselves as the world’s leading company in XFC battery technologies, a title we’ve earned through our dedication to innovation and unwavering commitment to pushing the boundaries of what’s possible. We are the first and only company to enable extreme fast charging with high cycle life of consecutive fast charging. Our focus for 2024 is scale up and commercialization, and we remain on course to achieve mass production readiness of our ‘100in5’ cells next year. No other company is making as much progress in this sector as we are, and the EV world is about to witness the revolution we’re bringing to drivers’ charging experience.”
Through its ‘100inX’ product roadmap, StoreDot’s battery technology is delivering ‘Range on DemandTM’: 100 miles charged in 5 minutes in 2024, 100 miles charged in 4 minutes in 2026 and 100 miles charged in 3 minutes by 2028. StoreDot’s strategic investors and partners include BP, Daimler, VinFast, Volvo Cars, Polestar, Ola Electric, Samsung, TDK and its manufacturing partner EVE Energy. StoreDot is on target for mass production readiness of 100in5 technology by 2024.