Polestar Invests In Extreme Fast Charging Battery Company StoreDot

Polestar Invests In Extreme Fast Charging Battery Company StoreDot

05/24/2022

Polestar announced that it has made its first financial investment in another company –  StoreDot, an Israel-based start-up engaged in the development of silicon-dominant extreme fast-charging batteries.

Becoming a shareholder in StoreDot is expected to unlock access to the technology of recharging enough energy in 5 minutes for 100 miles (160 km) of range (although the exact range replenishing speed depends on the battery size/car model and its average energy consumption).

StoreDot recently demonstrated the “100in5” technology for a 20 Ah pouch battery cell, which allowed to recharge from 0-50% state-of-charge (SOC) in 5.5 minutes, 0-80% SOC in roughly 9 minutes, and 0-86% SOC in 10 minutes.

If such a system was applied to a car with 250-300 miles of range, the charging time to replenish 100 miles of driving range would really be just several minutes (while starting at a very low SOC). Within 10 minutes, the car should be ready for another 200 miles of driving.

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