Group14 Technologies, a global manufacturer of the active material used in advanced silicon-carbon anodes, and StoreDot, the pioneer of extreme
fast charging (XFC) battery technology for electric vehicles, have
announced a strategic partnership to leverage Group14’s proprietary
lithium-silicon technology to accelerate time to market of StoreDot’s
XFC lithium-silicon cells for electric vehicles. 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, a pioneer of XFC technology, whose investors include BP,
Daimler AG, TDK and Samsung, has revolutionized the conventional
lithium-ion battery by designing a battery cell based on a
silicon-dominant anode with its proprietary synthesized compounds. The
XFC technology overcomes the major barrier that currently prevents
consumers from adopting electric vehicles – 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 U.S. 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.”