New battery charges your electric car in five minutes
StoreDot's quick-charge technology lasts for 300 miles and could revolutionize EV market.
Take a brief moment to look back on the flow of your day, and you'll likely skip over the tasks that take little time to accomplish. The brewing of coffee, the purchase of online goods, the sending of a funny photo or video to a friend – all of these small moments are streamlined to give us more time to do the things in life we're really interested in.
Which brings us to the biggest hurdle facing the electric car. The traditionally small moment of filling up a gas tank in a conventional vehicle is suddenly a much more involved, hours-long process of charging a battery. For those of us that enjoy a good excuse to read a great book (may we recommend "The Martian"), this is an opportunity. For the rest of us, it's a giant inconvenience and, most important, a massive roadblock to wide-scale, global adoption.
But what if charging your electric vehicle was as streamlined as a quick stop at the gas station? That’s exactly the super-speedy technology Israeli startup StoreDot is developing, with its new five-minute charge, 300-mile range EV FlashBattery technology. At Microsoft’s Think Next conference in Tel Aviv this week, StoreDot announced that the battery would be available to the public next year.
Does the concept sound crazy? At first glance, you have to wonder what kind of magic the engineers at StoreDot are wielding to reduce current quick-charge technology from 30 minutes to less than 5. But the company is no novice when it comes to this field, having last year shown off a concept mobile phone battery that hits 100 percent in only 30 seconds. To take this advancement to the next level and apply it to the growing electric vehicle market is a no-brainer.
Knowing your car could be ready to go in the time it takes you to down a cup of coffee could do a lot to fend off what is commonly known as “range anxiety” – worrying about running out of power on the road, one of the major obstacles to the widespread adoption of electric cars.
Michael Granoff, the founder of Maniv Energy Capital and an advisory board member in Israel Cleantech Ventures, has extensive investment experience with electric vehicle technology and other forms of cleantech. He told From the Grapevine that being able to charge a car for 300 miles in five minutes “would allow the majority of the public to see electric cars on a level playing field, and would drive adoption tremendously.”
“It would therefore be an important innovation for the industry – and for the movement,” said Granoff.
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