Ultra-fast charging pioneer, StoreDot, has been named as a 2020 Bloomberg New Energy Finance (BNEF) Pioneers Winner. The awards recognize companies that are leading the transition to a low-carbon economy through the development of cutting-edge renewable energy products, services and software solutions.
It is the first time an ultra-fast charging technology provider has won a BNEF Pioneers award, demonstrating its increasing importance for the global automotive industry as it moves towards pure battery electric vehicles (BEVs). Israel-based StoreDot has developed a new generation of lithium-ion battery technology that is capable of recharging an electric vehicle in five minutes – the same time it takes to refuel a combustion engine vehicle – eliminating range and charging anxiety associated with electric vehicle adoption.
StoreDot is one of ten 2020 BNEF Pioneers chosen from more than 100 applicants by an independent panel of judges. Candidates were evaluated against three criteria: the potential to scale the opportunity, the innovation level of the technology or business model and the novelty it brings to the market, and momentum as demonstrated by strong commercial development.
“StoreDot’s groundbreaking ultra-fast charging (UFC) technology is set to overcome two of the biggest barriers to mainstream adoption of electric vehicles – range and charging anxiety. StoreDot’s FlashBattery technology makes it possible to fully charge an electric vehicle in just five minutes – the same amount of time it takes to refuel a conventional combustion engine car – and enables drivers to travel over 400 kilometers on a single charge. We are incredibly proud to have been chosen as a BNEF Pioneer and continue to work with our partners, including BP, Daimler, Eve and TDK, to further enhance our technology.” Doron Myersdorf, CEO, StoreDot
Michael Wilshire, selection committee chair and head of strategy at BloombergNEF, commented: “This year’s BNEF Pioneers are addressing a diverse range of challenges faced by businesses and society. We are seeing continued strong innovation in the use of digital hardware and software technologies, advanced materials, storage, satellites, and recycling that will make our energy, transport and manufacturing industries cleaner, and more flexible and efficient.