StoreDot has already achieved the 100 mile in 5 minutes charging challenge and now will run this out by 2024 for mass production. This is when the Electric Vehicle will start to explode on the scene and seen as a genuine replacement for petrol driven cars. Range and charge times is what is holding this new technology back. I see StoreDot as the battery equivalent to what Tesla is to the car industry.
I have written about StoreDot before and thought I would follow up and see where they are as they are the leading Electric vehicle battery company in the world. StoreDot has been around for 10 years already and has over 1000 scientists working on the Electric Vehicle battery. They have changed the battery as we know it using different materials and chemicals due to heating issues when fast charging.
For those that want to take a look here is the link Store-Dot Calculator
The biggest problem facing the mass adoption of Electric vehicles is the time taken to charge plus the limited range of the battery. Most electric vehicles out there currently according to Tesla take between 8 and 15 hours to charge with 12.5 the average length of time. This is not mass adoption ready as the time is not only the main issue, but the range of the battery. An electric vehicle is fine for around the local area but for longer trips the vehicles are not suitable due to waiting on the charging time and the limited ranges on offer. For myself to drive to Cape Town it would take close to 3 days as having to wait for the charge it would need at least 4 stops with the maximum range.
The other big issue right now is battery degrading or loss of battery life due to charging. Tesla has advised they expect after 8 years a loss of 30% which is around 4% per year which is 4% less range. The overall picture is not great but this is where StoreDot fit into the picture as it is far better news.
Many other companies are working on this but StoreDot already has the time down to virtually nothing and are busy on the range. 1000 charges on a StoreDot battery will not be what is currently available as their range is already far superior.
StoreDot have recently finished testing on a range of batteries having completed over 1200 charges. There are other companies out there who will be offering their batteries guaranteeing x amount of miles etc, but the issue is still the charging time. This is where StoreDot are so far ahead of the game having even produced a calculator to predict charge times with their battery using their fast charge system. Remember their battery is designed differently using different materials like silicon instead of lithium for their nodes.
StoreDot's biggest battery being the 110 kwH will give you 378 miles for a 5 minute charge which is what we would all expect as that is no different from going to a petrol pump today. Technology and the need for better charge times and increased range will be where a new technology war develops. This is serious money that can be made by the company that sets the bar higher than everyone else.