One of the main barriers to electric vehicle entry may disappear, as an Israeli startup now mass-produces car batteries that can deliver 100 miles of charge in just five minutes.
The innovative company, StoreDot, which has delivered fast-charging versions of lithium-ion batteries for phones and scooters, has now gorged itself on millions of dollars of investment and pulled 1,000 car batteries off a Chinese assembly line.
The advance replaces the graphite anode that causes problems when trying to force power into the battery. The lithium ions become congested through this method, before changing phase to metal and then shorting the battery.
StoreDot replaces graphite with silicon, which not only solves this problem, but reduces costs, since silicon is much cheaper. The current crop of 1,000 batteries uses germanium, which is also waterproof, with silicon batteries expected by the end of the year.
Tesla and its founder Elon Musk liked the sound of this idea, and so ready a research and development center in Israel to harness the innovations emerging from StoreDot, which was named by Bloomberg as the New Energy Finance Pioneers Winner by 2020.
After constant innovation lowered the price of the electric car in the 2010s, the final obstacle to mainstream adoption that remains is charging speed and charging points.
British Petroleum (BP) invested $ 20 million in StoreDot batteries, despite maintaining 18,200 service stations in the UK. According to StoreDot CEO Doron Myersdorf, “They [BP] understand that in 10 years, all these stations will be obsolete if they are not reused for charging; batteries are the new oil. “
Currently, battery charging stations cannot supply the electricity needed to fully charge a StoreDot battery in five minutes, meaning the ball is on the power station courts to upgrade their technology. However, five minutes will still fill one with 100 miles, which for most users is sufficient.
Market forces create the best innovations
As the social and fiscal costs of making gasoline and diesel cars mounted, auto giants began ditching electric vehicles (EVs) to allay shareholder fears and political edicts.
As companies have struggled back and forth, battery technology began to follow suit, with reduced charge times, increased ranges, and, learning from the Fisker Karma, trying to be less flammable.
StoreDot is one of several battery innovators that are attracting a lot of money for their new products.
Another is QuantumScape, It does not produce lithium ion batteries, but solid state ones. Now worth $ 3.3 billion, QuantumScape replaces liquid lithium with solid ceramic material, providing a much higher energy density, lower costs, and far fewer fire hazards.
However, the QuantumScape battery goes from 0% charge to 80% in 15 minutes, which while fast, is not five minutes, so there is a problem for its shareholders.
As these two producers, one backed by Bill Gates and Volkswagen, the other by Tesla and BP, battle for market share, the innovations created in their competition will likely produce the “small-block Chevrolet V8” or the “six-cylinder Boxer. Porsche blueprints “. ”In other words, the battery that will define the first golden age of electric vehicles.
INCREASE positivity by sharing the good news on social media …