JAKARTA - StoreDot, an Israeli start-up developing fast charging batteries, announced on Tuesday, January 31 that it has partnered with Circulor, a British start-up, which uses blockchain technology to chart supply chains for companies pursuing greener production environmental and sustainable.
This is an exciting partnership between two start-ups focused on battery and blockchain technology. By combining their respective expertise, StoreDot and Circulor can assist companies in monitoring and ensuring that their production is environmentally friendly and sustainable through blockchain technology that maps the supply chain.
This is an example of how technology can work together to address an important environmental problem.
StoreDot has started using Circulor technology to track the origin and carbon emissions of raw materials in its battery cells. Other companies using it include Volvo Cars, Polestar, BHP and TotalEnergies.
StoreDot, whose investors include Daimler's truck division, now Mercedes-Benz, BP, Polestar and Samsung, wants to build battery cells capable of providing a 100-mile (161 km) range on a 5-minute charge by 2024.
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The company has also joined the 'Battery Pass' project, a German-funded consortium working to develop a common classification and standard for collecting and disclosing data about batteries. Circular is also a partner.
As reported by Reuters, legislative pressure in many countries including Israel, continues to increase on electric vehicle makers and battery manufacturers to track the human rights and environmental impacts of their supply chains.
Rechargeable electric vehicles, light transport, and industrial batteries sold in Europe must also disclose their carbon footprint from 2024, and comply with CO2 emission limits from 2027.
They must also disclose the content of recycled raw materials in batteries by 2027, followed by requirements to use a minimum of recycled cobalt, lithium, nickel and lead from 2030.
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