Israeli 5-minute Battery Charge Aims to Fire Up Electric Cars

Israeli startup StoreDot founder Doron Myersdorf (L) with a colleague at the company that has developed ultra-fast rechargeable batteries. AFP
Israeli startup StoreDot founder Doron Myersdorf (L) with a colleague at the company that has developed ultra-fast rechargeable batteries. AFP
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Israeli 5-minute Battery Charge Aims to Fire Up Electric Cars

Israeli startup StoreDot founder Doron Myersdorf (L) with a colleague at the company that has developed ultra-fast rechargeable batteries. AFP
Israeli startup StoreDot founder Doron Myersdorf (L) with a colleague at the company that has developed ultra-fast rechargeable batteries. AFP

From flat battery to full charge in just five minutes -- an Israeli start-up has developed technology it says could eliminate the "range anxiety" associated with electric cars.

Ultra-fast recharge specialists StoreDot have developed a first-generation lithium-ion battery that can rival the filling time of a standard car at the pump.

"We are changing the entire experience of the driver, the problem of 'range anxiety'... that you might get stuck on the highway without energy," StoreDot founder Doron Myersdorf said.

The innovation could eliminate the hours required to recharge an electric car, he said.

Hundreds of prototypes are being tested by manufacturers.

His company, based in Herzliya, near Tel Aviv, is backed by four key investors: German automobile manufacturer Daimler, the UK's British Petroleum and the electronic giants Samsung and TDK.

Myersdorf, who set up the company in 2012, has tested the battery on phones, drones and scooters, before tackling the big prize of electric vehicles.

But Eric Esperance, an analyst at Roland Berger consulting firm, cautioned that while ultra-fast charging would be a "revolution", many stages remain.

"We are still far off from the industrial automotive market," he told AFP.

In 2019, the Nobel Chemistry Prize was awarded to John Goodenough of the US, Britain's Stanley Whittingham and Japan's Akira Yoshino for the invention of lithium-ion batteries.

"This lightweight, rechargeable and powerful battery is now used in everything from mobile phones to laptops and electric vehicles," the Royal Swedish Academy of Sciences said on awarding the prize.

Myersdorf said charging "speed was not part" of the original design that won the Nobel, so he worked on what was "considered impossible": a lithium-ion battery good to go in minutes.

"We wanted to demonstrate that you can take a lithium-ion battery, replace some of its materials and then charge it in five minutes," he said.

The engineer switched the original graphite in the battery's negative anode with silicon.

"We are taking that amazing innovation of the lithium-ion battery and upgrading it to extreme fast charging capability," he said.

Batteries are assembled in a laboratory equipped with large glass boxes, sealed to keep oxygen out.

StoreDot chemists clad in goggles and white coats build 100 batteries a week, sent to companies for possible use in their products.

The team is already working on a second generation of batteries to cut costs.

While the design cycle of a vehicle is "typically four to five years", they are looking to speed up the process.

"We are working on taking this solution to the market in parallel, by designing the manufacturing facilities that would be able to mass produce this battery," Myersdorf said.

The Nobel jury praised the lithium-ion battery for being able to "store significant amounts of energy from solar and wind power, making possible a fossil fuel-free society".

As public opinion shifts towards prioritizing the climate change crisis, manufacturers are gearing production towards less polluting vehicles.



stc Group Net Profit for First Quarter of 2025 Increases 11.05%

CEO of stc Group Eng. Olayan Alwetaid highlighted that the group’s achievements were the result of its unwavering commitment to innovation, operational efficiency, and sustainable growth. Asharq Al-Awsat
CEO of stc Group Eng. Olayan Alwetaid highlighted that the group’s achievements were the result of its unwavering commitment to innovation, operational efficiency, and sustainable growth. Asharq Al-Awsat
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stc Group Net Profit for First Quarter of 2025 Increases 11.05%

CEO of stc Group Eng. Olayan Alwetaid highlighted that the group’s achievements were the result of its unwavering commitment to innovation, operational efficiency, and sustainable growth. Asharq Al-Awsat
CEO of stc Group Eng. Olayan Alwetaid highlighted that the group’s achievements were the result of its unwavering commitment to innovation, operational efficiency, and sustainable growth. Asharq Al-Awsat

Saudi Arabia’s stc announced on Sunday the company’s preliminary financial results for the first quarter ending March 31, reporting revenues of SAR19,210 million, a 1.60% increase year-over-year.

Gross profit rose by 5.01% to SAR9,098 million, operating profit increased by 2.02% to SAR3,584 million, and EBITDA grew by 5.25% to SAR6,120 million. Net profit for the quarter reached SAR3,649 million, representing an 11.05% increase compared to the same period last year.

According to a statement issued by stc, the group distributed SAR0.55 per share for the first quarter of 2025, in accordance with the dividends distribution policy approved by the General Assembly.

Commenting on the results, CEO of stc Group Eng. Olayan Alwetaid highlighted that the group’s achievements were the result of its unwavering commitment to innovation, operational efficiency, and sustainable growth, as well as its relentless pursuit of creating added value for shareholders, customers, and the digital economy as a whole.

He further added that, early in 2025, stc Group achieved several strategic milestones that further solidified its position in the telecommunications and information technology sector. Among these achievements was a new global milestone, as the group successfully localized the software for eSIM technology in collaboration with Thales, making stc the first telecom operator in the world to obtain SAS-UP license certification from the GSMA.

He emphasized that this accomplishment complements stc’s ongoing efforts to support local content in the ICT sector through business localization and the transfer of manufacturing and technical expertise to the Kingdom.
In continuation of the group’s efforts to enhance the digital communication infrastructure in the region, stc signed a strategic agreement with Ooredoo to establish an international ground fiber network corridor between Saudi Arabia and Oman. This strategic partnership aims to enhance the digital communication infrastructure in the region through the project, which starts with the Saudi-Oman corridor. The project will also create an integrated ground fiber network with two backup routes, connecting submarine cable landing stations on the Red Sea in Saudi Arabia to their counterparts on the Arabian Sea in Oman, passing through dedicated data centers in both countries. This agreement reaffirms the Group’s commitment to delivering advanced communication solutions, enhancing intercontinental connectivity, and driving digital transformation to support the region’s economic growth.
The statement added that stc Group strengthened its position in cloud computing and artificial intelligence by signing an agreement with Amazon Web Services (AWS). This partnership significantly boosts the Group’s ability to deliver advanced technological solutions tailored to the diverse needs of various sectors, while reaffirming its commitment to driving the shift toward an integrated digital economy and leading the future of smart technology in the Kingdom and beyond.
Furthermore, as part of its commitment to providing the highest quality of digital services, stc Group enhanced its telecommunications network in the Two Holy Mosques during the holy month of Ramadan by strengthening its infrastructure to meet the growing demand for services during peak times. This upgrade resulted in a 120% increase in connection speed, enabling the Group to ensure an exceptional communication experience for visitors to the holy sites during the peak visitor periods.