QuantumScape pursues ‘breakthrough’ in batteries

Bill Gates isn’t just investing in QuantumScape’s potentially revolutionary lithium-metal battery technology — he’s giving the venture advice as well.

“I didn’t honestly think he knew anything about chemistry, and we are all about chemistry,” Fortune quotes QuantumScape CEO Jagdeep Singh as saying.

But Singh found out that Microsoft’s billionaire co-founder is a quick learner. “When he thinks something is important he can dive really deep and become an expert in that area,” he told Fortune. “He has gotten very deep into this area.”

Today QuantumScape reported eye-opening progress in its campaign to produce a solid-state alternative to lithium-ion batteries, the current industry standard for energy storage applications ranging from smartphones and laptops to electric cars and airplanes.

The Silicon Valley company said its tests with prototype single-layer cells demonstrated the ability to recharge batteries up to 80% capacity in just 15 minutes. The data suggest that the technology could produce car batteries capable of lasting hundreds of thousands of miles and weathering temperatures as low as -30 degrees Celsius (22 degrees below zero Fahrenheit).