• 3 minutes Cyberattack Forces Shutdown Of Largest Gasoline Pipeline In United States - Zero Hedge
  • 6 minutes Renewable Energy Capacity Jumped 45% Worldwide In 2020; IEA Sees 'New Normal'
  • 11 minutes Forecasts for Natural Gas
  • 13 mins U.S. Presidential Elections Status - Electoral Votes
  • 5 hours Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 7 hours .
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours Electric vehicle market growth is a blessing for some metals — and not a big worry for oil
  • 6 hours Joe Biden's Presidency
  • 4 days Сryptocurrency predictions
  • 3 days CRAPPIFORNIA DOES IT AGAIN! California proposes to steer new homes from gas appliances

Breaking News:

Natural Gas Prices Jump On Warmer Weather

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Israeli Firm Releases EV Battery That Can Charge In 5 Minutes

An Israeli firm has announced the first superfast EV battery that can charge in just five minutes. The technology could spark a true EV revolution as it would eliminate one of buyers' biggest concerns—range anxiety.

StoreDot noted in a press release that this was the first time extreme fast charging (XFC) batteries were demonstrated as commercially viable for the first time.

"The first-generation engineering samples demonstrate to EV OEMs and battery manufacturers the successful replacement of graphite in the cell's anode using metalloid nano-particles – a key breakthrough in overcoming major issues in safety, battery cycle life and swelling," the company said.

Range anxiety is one of the reasons why EVs have not yet become the preferred mode of personal transportation across the world despite generous government incentives. Safety concerns are another, and most of these concerns are focused on batteries, which have been known to spontaneously combust on occasion.

In other words, batteries are the focus of much attention in the EV area, and a breakthrough of the sort StoreDot has just announced is what many have been waiting for, as it would level the playing field with ICE cars in charging times.

However, it's worth noting it will take a while before the world's first successful XFC battery reaches the hoods of actual EVs. StoreDot eyes commercial launch in 2025 if it can find the right partners, CEO Doron Myersdorf told Bloomberg in an interview.

Myersdorf noted that the current EV-charging infrastructure is a problem because it was not made with five-minute charging times in mind. Another problem is battery degradation as a result of the extremely fast charging. If these obstacles are overcome, however, it's a bright future for EVs.

"We're on the cusp of achieving a revolution in the EV charging experience that will remove the critical barrier to mass adoption of EVs," Myersdorf said.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Mamdouh Salameh on January 20 2021 said:
    An EV battery that can be charged in just five minutes isn’t a guarantee for longer range. Furthermore, fast charging could lead to a fast degradation of the battery. So what is saved in charging time is offset by a shorter life for batteries leading to regular replacement and adding to the running cost of the EV.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News