StoreDot and Group14 to accelerate time to market of XFC lithium-silicon cells
Group14 Technologies and StoreDot have announced a partnership to leverage Group14’s proprietary lithium-silicon technology to accelerate time to market of StoreDot’s XFC lithium-silicon cells for EVs.
The current performance milestone demonstrates an energy density of 300Wh/Kg with over 700 cycles capable of being charged 0%-80% in 10 minutes.
StoreDot, whose investors include BP, Daimler AG, TDK and Samsung, claim to have revolutionised the conventional lithium-ion battery by designing a battery cell based on a silicon-dominant anode with its proprietary synthesised compounds. The XFC technology overcomes the major barrier that currently prevents consumers from adopting EVs - range and charging anxiety.
“We are extremely excited by the prospects of this partnership with Group14. This partnership will give StoreDot the potential to accelerate the time to market of our XFC cells and reduce battery cost which can eventually be passed onto customers,” said Dr. Doron Myersdorf, StoreDot CEO and Co-Founder.
“It supports our mission of making it easier for consumers to adopt zero-emissions electric vehicles, contributing to a cleaner net-zero world.”
Silicon has been pursued extensively as the promising battery chemistry that enables greater energy density. The commercial leader in lithium-silicon battery materials, Group14’s proprietary technology complements StoreDot’s XFC technology in EV batteries as a solution to overcome known range and charging anxiety.
The commercial leader in lithium-silicon battery materials, Group14 counts SK materials, ATL, BASF, Showa Denko and Cabot Corporation as partners in its mission to deliver on the electrification of everything from consumer electronics to EVs and more. With commercial-scale Battery Active Materials factories in the US and South Korea – the latter as part of its joint venture with SK materials – Group14 is poised to deliver quantities of its mass-market product SCC55 required to meet the demand from the automotive industry.
“As we scale new technologies to meet growing demand in the EV sector, one factor we cannot overlook is the importance of lowering the barrier to entry to EV ownership,” said Rick Luebbe, CEO and Co-Founder of Group14 Technologies.
“We see the partnership with StoreDot as a union of the best of both worlds: high energy density and extreme fast charging, both critical elements of the electrification equation that consumers are demanding. With a solution that addresses both of these concerns, we now can forge a pathway to the electrification of everything.”