UK: Electric Mobility BP Focusses on Ultra-Fast Charging Technology
BP announced the investment in Store Dot's ultra-fast charging battery for electric vehicles. Using this technology, the company is also developing a new type of electric-car battery that will aim to achieve a charging speed similar to the time required to refuel a traditional car.
London/UK — The number of electric vehicles (EVs) worldwide is growing rapidly and BP is investing across the supply chain to support the development of the technologies and infrastructure required. The company believes that ultra-fast charging will be key in accelerating the adoption of EVs worldwide.
Store Dot has developed a lithium ion-based battery technology which enables ultra-fast charging for the mobile and industrial markets. The developer currently expects first sales of its flash batteries for mobile devices as early as 2019.
BP is aiming to reduce greenhouse gas emissions in its operations, improve its products and services to help customers lower their emissions, and create new low carbon businesses, the company stated. The company's work on advanced mobility and developing fast and convenient EV charging networks, including venturing investments in both Store Dot and Freewire Technologies, would supports customers who aim to reduce their emissions through EVs.
Dr Doron Myerdorf, co-founder and CEO of Store Dot, described the cooperation with BP as a significant milestone in the company's direction of strengthening the EV ultra-fast charging eco-system. The combination of BP’s presence and Store Dot’s eco-system of EV partnerships enabled faster implementation of ultra-fast charging stations and could allow a better charging experience for drivers, he added.
David Gilmour, vice president, business development, BP Ventures, believes that Store Dot is at the cutting edge of this technology. Store Dot has shown significant progress in the development of ultra-fast charging, both in mobile phone and vehicle applications, the vice president said.