Dr. Doron Myersdorf, CEO and Co-founder
The United Nations was founded on the understanding that we make the world a better place by working together. Let’s hope the delegates attending the UN’s COP26 meeting in Glasgow follow that mantra. Working together, taking collective decisions and collective actions is the only way we’re going to get to net-zero and a cleaner world.
StoreDot knows the benefit of working together. Yes, teamwork has been instrumental in developing our extreme fast charging battery technologies, but it’s also about something more profound. It’s about how we make progress in the entire battery ecosystem to really drive change. That means businesses, academia and governments coming together, collaborating, encouraging consumers to adopt electric vehicles as quickly as possible.
The result will make net-zero targets more achievable.
We are already playing our part by working with other businesses. Learning from those who have already created value and success. StoreDot has a long-standing manufacturing partnership with Eve Energy Co. Ltd. in China and it is achieving incredible results, already shipping production line produced A-series samples of our XFC cells to global automakers for real world testing. We’re also lucky to be backed by some of the world’s largest companies: bp Ventures, TDK Ventures, Yozma Group, Daimler and Vinfast, with more on the horizon. Learning from them has been invaluable and we have been sharing back our expertise too. Likewise, we have experts such as Dennis Nobelius from Polestar, Professor Doron Aurbach and many others, on our Advisory Board.
In the interests of advancing the ecosystem further we believe it’s important to share our technology with would-be rivals too. We’ve already made our patented booster technology – which speeds up battery charging and optimizes infrastructure – available to any organization on an open-source basis. And we intend to make other breakthroughs available soon.
We’ve been assisted greatly by working with global academic institutions. There are plenty of PhDs in our R&D department but their work has been boosted with research carried out in universities in Israel, US, and the UK. We’ll shortly see the fruits of their work as we get closer to production at scale of XFC cells by 2024.
Government has a role to play too. Let’s hope that the COP 26 attendees can commit their countries to play a larger role in incentivizing zero-emissions transport, through grants, tax breaks and infrastructure investment.
What’s being done now - wherever you are in the world – only scratches the surface. StoreDot has been fortunate to be awarded funds from the likes of the Advanced Propulsion Centre in the UK, but most of the heavy lifting from companies such as ours, committed to encouraging the uptake of electric vehicles, has been done from the private sector.
That isn’t going to wash if we want to hit our targets. We can hit them, we just need joined-up action. StoreDot is now firmly on track to deliver mass-produced XFC batteries, which deliver a 50% reduction in charging time at the same cost, by 2024. Further out we have a clear roadmap to mass produce extreme energy density solid state cells by 2028. We’re going to hit those targets by collaborating.