BP invests in ultra-fast charging battery company

BP invests in ultra-fast charging battery company

Business news |
By Nick Flaherty

“Ultra-fast charging is at the heart of BP’s electrification strategy. StoreDot’s technology shows real potential for car batteries that can charge in the same time it takes to fill a gas tank. With our growing portfolio of charging infrastructure and technologies, we’re excited by our opportunities to develop truly innovative EV customer offers,” said Tufan Erginbilgic, chief executive of BP Downstream.

StoreDot has developed a lithium ion-based battery technology which enables ultra-fast charging for the mobile and industrial markets. This is based on a new quantum dot approach to the design and synthesis of both organic and inorganic compounds so that StoreDot’s proprietary compounds, combined with nano-materials, are optimized for various ultra-fast charging battery applications including mobile devices and electric vehicles.

The aim is to produce a new type of electric-car battery that will charge in the same time its takes to refuel a traditional car. 

“Working closely together with a global energy leader is a significant milestone in StoreDot’s direction of strengthening the EV ultra-fast charging eco-system. The combination of BP’s impressive presence and StoreDot’s eco-system of EV partnerships enables faster implementation of ultra-fast charging stations and could allow a better charging experience for drivers,” said Dr Doron Myerdorf, co-founder and CEO of StoreDot.



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