StoreDot

StoreDot and Volvo to develop Fast Charging Batteries

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Herzeliya (Israel) based StoreDot, has signed a multi-year agreement with Volvo Cars to develop an optimized battery for the next generation Volvo cars. This collaboration, with experts from Volvo Cars and StoreDot working together, is aimed to develop extreme fast charging (XFC) battery cells, optimized and tailored for Volvo’s future electric vehicle architectures. It is expected that the first samples will be delivered for testing next year.

Volvo Cars is already a strategic investor in StoreDot, but this newly agreed collaboration takes the relationship a step further. Dr. Doron Myersdorf, StoreDot CEO, said it is a highly significant agreement for StoreDot. “Our teams are now working together developing B-sample cells for Volvo Cars’ next generation fully electric architectures. The goal is to enable Volvo Cars’ customers to benefit from our XFC battery technology, which enables 100 miles of range in just five minutes of charging.”

StoreDot has developed a unicque Extreme Fast Charging batteries for electric vehicles . It has revolutionized the conventional Li-ion battery by synthesizing proprietary organic and inorganic compounds, enabling to achieve very fast charging. In 2022, the company achieved a world first by demonstrating a live extreme fast charging of an EV battery cell in just 10 minutes.

Recently StoreDot reported performance feedback for the evaluation and integration A-Samples testing phase of its XFC electric vehicle battery cells. The comprehensive testing programs took place earlier this year by 15 leading global automotive brand manufacturers from Europe, Asia, and the US, as well as several of StoreDot’s strategic ecosystem partners.

StoreDot to develop a 2-minute of charge battery

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 StoreDot Company, the developer of extreme fast charging (XFC) battery technology for electric vehicles, has revealed its development roadmap of the company for the next decade. Within this roadmap, the company stated that by 2032 it will be capable of mass producing of a 100-mile of range on a 2-minute charge battery. Current company’s battery, 100-mile of range on a 5-minute charge, will be delivered by the end of 2024.

Another milestone at the company’s roadmap is a 100-mile of range on a 3-minute charge battery, delivered by 2028. The progress in the roadmap is involved in a gradual transition to a solid-state battery. With this type batteries the electrolyte, through which the ions pass in the loading-unloading process between the electrodes, is made of solid material and not liquid or polymer-gel. The 2028 version will be semi-solid state, while the final 2032 battery will be full solid-state.    

Solid state batteries are an objective of the whole automotive industry. Such batteries should be safer and have a larger capacity, and therefore allow for a greater driving range. The challenge is to develop a solid material that will be stable at the one hand, and with high conductance rate at the other hand.

Dr Doron Myersdorf, StoreDot CEO, says: “It’s absolutely crucial that we give global automotive manufacturers a clear and realistic roadmap. Each milestone at our roadmap represents a radical 20% performance improvement – a major impact on the driver’s experience”.

Ultra-fast charging of EV’s batteries

StoreDot has developed the FlashBattery technology, allowing Li-ion batteries to be charged in only several minutes. This technology is based on NanoDots particles, each at the size of 2 nanometers, characterized by high capacity and integrated in the electrolytic liquid within the battery.

In early 2021, StoreDot has produced the pilot production batch of EV batteries in a plant of the Chinese battery manufacturer Eve Energy. These batteries were used to demonstrate full charge of a two-wheeled EV in just five minutes.

StoreDot to establish a US Hub to accelerate a Solid State battery development

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SroreDot Company, the developer of Extreme Fast Charging Battery, is going to open an R&D center in California. This major step is part of the company’s development efforts to create the next generation of its battery, which will be a Solid State one, with extreme energy-density (XED) and will allow for driving range greater in 50% than the current generation. At the same time, the company announced its negotiations with USA-based manufacturers to establish a local battery production line, in order to shorten supply chain for American customers. Currently, company’s batteries are manufactured in China by the local battery manufacturer EVE.

In Solid State battery, the electrolyte, through which ions pass in the loading-unloading process between the electrodes is made of solid material. In the existing Lithium-Ion batteries, the electrolyte is usually made of liquid or polymer-gel. Solid State batteries are considered safer, since they don’t suffer from current batteries’ dangers such as high temperatures flammable or explosion, liquid leakage etc. in addition, the Solid State battery’s capacity should be larger, allowing for higher driving range. The main challenge is to develop a solid material that will be solid at the one hand, and high conductivity at the other hand. Also, the developers have to cope with solid electrolyte’s tendency to crack and be broken.

The Solid State battery is considered to be the Holy Grail of the EV industry, the one that will make electric vehicles cheaper, safer and with higher driving range, soothing range anxiety. Many players at the vehicle industry put a lot of efforts in developing Solid State batteries. One of the leaders in these development efforts is Toyota, lately announced an $13.5 billion investment plan for developing new batteries technologies and production capabilities, to include a Solid State battery. The Japanese manufacturer is expecting to complete the development of the battery in the middle of current decade, although lately admitted that it struggles with some technical difficulties. Among other manufacturers, Ford, BMW, and Volkswagen are all in the race for developing Solid State battery. The American EV manufacturer of Fisker, which has much more limited resources being a start-up company, announced six months ago that it completely cancels its program to develop such battery. 

Ultra-fast charging of EV’s batteries

StoreDot has developed the FlashBattery technology, allowing Li-ion batteries to be charged in only several minutes. This technology is based on NanoDots particles, each at the size of 2 nanometers, characterized by high capacity and integrated in the electrolytic liquid within the battery.

In early 2021, StoreDot has produced the pilot production batch of EV batteries in a plant of the Chinese battery manufacturer Eve Energy. These batteries were used to demonstrate full charge of a two-wheeled EV in just five minutes. At May 2021 StoreDot signed an agreement with Eve Energy, under which it will produce early samples for clients by the year end, and starting at 2024 it will mass-produce the batteries for integrating in various EVs.

StoreDot is Charging Commercial Drones in just 5 Minutes

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StoreDote from Tel Aviv announced an automated charging station fully-charging a commercial drone in five minutes. This ultra-fast charging (UFC) wireless station designed to charge drones using StoreDot FlashBattery technology. It overcomes two major barriers disturbing the drone industry: the need for a “man-in-the-loop” to replace battery packs between missions, and restrictions on where charging stations can be located.

Today, it takes between 60-90 minutes to charge a commercial drone, with full charge giving a flight time of approximately 30 minutes. As a result, drones spend far longer in the charging station that in operation. To overcome this problem, additional batteries must be purchased and swapped out between flights. This costly process also requires a ‘man-in-the-loop’ to replace the batteries, making drones operations less autonomous.

The need for a person to be involved in the charging process also limits the range of operation and demands locating charging stations at easily accessible locations. This means that drones currently have to spend much of their limited flight time travelling to and from the nearest charging point, greatly reducing their operational efficiency. It also restricts the use of drones in harsh or dangerous terrains – often where they could bring the greatest benefits.

Dr. Doron Myersdorf, CEO of StoreDot, said that by reducing battery charging time to just 5 minutes and eliminating the need for human intervention, fully-autonomous drone operation is finally being made a reality. “Drones will now be able to spend much more of their valuable flight time engaged in actual missions.”

StoreDot uses organic compounds synthesized in its labs, to produce its instant-charging battery – FlashBattery. The technology is based on novel materials replacing the active graphite with metalloids such as Silicon, combined with proprietary organic compounds that protect the active materials during fast charge. While LiBs are aimed at increasing battery capacity, StoreDot has taken a new approach and redesigned an entirely new Li-ion battery structure in order to tackle the need for frequent charging.

StoreDot enters Mass Production of its Super-fast Batteries

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The Chinese EVE Energy Co. will start the mass production of the first generation of StoreDot’s FlashBattery technology for consumer electronics, enabling a full charge in only 5 minutes. With an initial focus on production for the Chinese market, EVE will also support the global roll out. This partnership will later extend to the production of StoreDot’s second generation FlashBattery technology designed for use by electric vehicles (EV).

StoreDot from Herzliya near Tel aviv has developed an instant-charging battery for smartphones, wearables, tablets, and laptops. It is called FlashBattery, and similar to known super capacitor technology, it charges faster than any other battery, but stores more power per second than any Li-Ion battery (LiB). While LiBs are aimed at increasing battery capacity, StoreDot has taken a new approach in tackling the growing need for frequent smartphone charging.

The Road to Joint Venture

StoreDot uses innovative organic compounds synthesized in its labs, to dramatically reduce charging time while supporting a full day of phone operation. The company says that unlike available rapid-charging solutions that are known to shorten battery-life, its FlashBattery architecture withstands sufficient charge/discharge cycles, thereby allowing fast charging without the need to replace the battery over the lifetime of your phone.

EVE is considered the largest designer and provider of primary lithium batteries within China. It is one of the top tier suppliers of EV and Electricity Storage System (ESS) batteries, with over 1,050 national registered patents. StoreDot and EVE have signed a Framework Agreement for long-term partnership. This cooperation includes the production and evaluation of StoreDot’s proprietary FlashBattery samples, production of StoreDot FlashBatteries at EVE’s manufacturing facility and an intention to build a joint manufacturing facility in China under a joint venture agreement.

This partnership will later extend to the production of StoreDot’s second generation FlashBattery technology designed for use by electric vehicles (EV).