Group14 Technologies, a global manufacturer of the active material used in advanced silicon-carbon anodes, and StoreDot, pioneer of XFC (Extreme Fast Charging) battery technology, today announced a strategic partnership to bring high energy density and extremely fast charging together to connect– The current performance milestone shows an energy density of 300Wh/Kg with over 700 cycles that can be charged from 0-80% in 10 minutes.
StoreDot, an Israeli start-up partnered with energy company BP, is using novel electrolyte solutions and nanomaterials in lithium-ion batteries. This allows batteries to be made that can be charged in as little as five minutes or less. The first prototypes can currently do this in ten minutes. In addition to BP, Daimler AG, TDK and Samsung are also involved in Storedot. Investors want to benefit from the progress of XFC technology. This overcomes its own statement after the main obstacle that consumers currently hold up to decide on electric vehicles – the fear of range and charging.
“We are very excited about the prospects of this partnership with Group14. This partnership will give StoreDot the opportunity to speed up the market launch of our XFC cells and reduce battery costs, which can ultimately be passed on to customers. It supports our mission to facilitate consumers to switch to emission-free electric vehicles and thus contribute to a cleaner net zero world.”- DR. Doron Myersdorf, CEO and co-founder of Storedot
Silicon was extensively explored as a promising battery chemistry, which allows a higher energy density extensively. As the market leader in lithium-silicon battery materials, Group14’s proprietary technology complements Storedot XFC technology. Group14 partners with well-known brands such as SK Materials, ATL, BASF, Showa Denko and Cabot Corporation. Together with these, they want to advance the electrification of entertainment electronics through to electric vehicles.
“As we scale new technologies to meet growing demand in the e-mobility sector, one factor we cannot overlook is the importance of lowering the barrier to entry for EV ownership. We see the partnership with StoreDot as a merging of the best of both worlds: high energy density and ultra-fast charging, both critical elements of the electrification equation that consumers are demanding. With a solution that takes both aspects into account, we can now pave the way to the electrification of everything.— Rick Luebbe, CEO and co-founder of Group14 Technologies
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1 thought on “Storedot wants to connect high energy density and extremely fast shop”
Many companies such as LG and other work for over 4 years of silicon carbon composite materials. Some of these LG and also Sumsung are already showing it in their roadmap for the near future. StoreDot‘s participation in this race just now means two important points:
A. They are way behind everyone else.
B. their previous technology is worth nothing.
Investing in such a company is a total waste of money.