After Tesla CEO Elon Musk exercised over $100 million worth of options on two separate occasions ahead of the earnings last week, now it’s Chief Technology Officer and co-founder JB Straubel’s turn to exercise some options and increase his stake in the automaker.
Tesla CEO Elon Musk and CTO JB Straubel were in Korea this week and they attended the Energy Korea Forum 2015. Local South Korean news reported on comments made by Straubel during a Q&A session at the forum, the CTO said that Tesla is “committed” to the South Korean market and that he sees a “great potential” there. Although he didn’t offer a concrete timeline on when the company plans to start selling cars in the country.
In an interview with MIT Technology Review, Tesla CTO JB Straubel says that battery charging technology is going to get even quicker than it is now.
“It’s not going to happen in a year from now. It’s going to be hard. But I think we can get down to five to 10 minutes,” Straubel said in an interview with MIT Technology Review. He noted that the current superchargers, which deliver 120 kilowatts of electricity, “seemed pretty crazy even 10 years ago.” Conventional public charging stations deliver well under 10 kilowatts.
Tesla has already reduced its Supercharger times in half going from 40 minutes to 20 minutes for a half charge. A few more ‘half times over the next few years and we’ll be there. One of the barriers of this type of charging is heat so this might involve external or internal cooling for battery charging.
One challenge of fast charging is that delivering power to a battery very rapidly can cause it to overheat. To avoid damaging the battery, the outside charger needs to communicate with the electronics that monitor the state of the batteries, including their voltage and temperature, and quickly adjust charging rates accordingly. “To do that kind of charging, everything has to be designed and working in perfect synchrony,” Straubel says.
Achieving five-minute charges will require not only further improving the charging system, but also improving the interface with the electrical grid. As it is, only some places on the grid can handle 120-kilowatt charging. Drawing large amounts of power from the grid also incurs demand charges from the utility, increasing the cost of the system.
But Straubel says that Tesla plans to get around these problems by equipping supercharging stations with solar panels and batteries.