The agreement will see the two companies also looking to track the manufacturing cells process in order to prove responsible, sustainable, and ethical sourcing.
StoreDot, which is pioneering faster charging times and increased reliability by developing cell technology capable of delivering 100 miles on a five-minute charge by 2024, is looking to drive greater electric vehicle demand through longer range and shorter charge times but is also concentrating its efforts on sustainable products. Its’ partnership with Circulor will look to create transparent battery supply chains to provide full traceability for global automotive manufacturers and support them in meeting regulatory requirements.
StoreDot and Circulor’s collaboration has already begun, and the two companies are implementing Circulor’s traceability solution to follow upstream battery material production and the corresponding embedded carbon emissions. This information will, according to StoreDot, provide greater transparency and enable the company to make such information available to EV OEM customers and regulators who are requiring information regarding Environmental, Social, and Governance (ESG) efforts.
StoreDot has also joined the German government’s “Battery Pass” project as an associate member alongside Circulor, which is a founding consortium member and leads the technology workstream. The two companies will continue to work within the project to strengthen industry collaboration and prepare for the enactment of the EU Battery Regulation.
Commenting StoreDot CEO Dr Doron Myersdorf said, “The environmental, social, and governance aspects of our XFC solution are a core value to StoreDot and its employees. We are therefore pleased to be entering this partnership with Circulor which has consistently demonstrated its world-leading supply chain traceability capabilities. It is essential that StoreDot offers its automotive OEM customers and investors full transparency of CO2 emissions, as well as the materials and components of our extreme fast charging ‘100in5’ battery cells. This will give our EV partners even more confidence in StoreDot as we move closer to mass producing batteries.”
