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This demonstrates it is feasible and it’s commercially ready.”Įxisting Li-ion batteries use graphite as one electrode, into which the lithium ions are pushed to store charge. “But we are not releasing a lab prototype, we are releasing engineering samples from a mass production line. “A five-minute charging lithium-ion battery was considered to be impossible,” he said.
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But if the experience of the driver is exactly like fuelling, this whole anxiety goes away.” “You’re either afraid that you’re going to get stuck on the highway or you’re going to need to sit in a charging station for two hours. “The number one barrier to the adoption of electric vehicles is no longer cost, it is range anxiety,” said Doron Myersdorf, CEO of StoreDot. Using available charging infrastructure, StoreDot is aiming to deliver 100 miles of charge to a car battery in five minutes in 2025.
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The batteries can be fully charged in five minutes but this would require much higher-powered chargers than used today. Daimler, BP, Samsung and TDK have all invested in StoreDot, which has raised $130m to date and was named a Bloomberg New Energy Finance Pioneer in 2020.
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StoreDot has already demonstrated its “extreme fast-charging” battery in phones, drones and scooters and the 1,000 batteries it has now produced are to showcase its technology to carmakers and other companies.