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Start-ups

StoreDot’s flash battery gets BP backing

by Melody M. Bomgardner
May 27, 2018 | APPEARED IN VOLUME 96, ISSUE 22

 

BP has invested $20 million in Israel’s StoreDot, a start-up developing fast-charging lithium-ion batteries. StoreDot builds its so-called flash batteries with a combination of organic chemicals and nanostructured anodes. It claims the design can safely withstand fast, high-powered charging so cars can charge in five minutes, compared to 40 minutes today. StoreDot expects smaller batteries, used for mobile devices, will be available as early as next year.

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