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At the Think Next Conference held in Tel Aviv, Israel, the company StoreDot have demonstrated a novel smartphone battery that can be recharged from around 30 % to 100 % in 30 seconds. According to Doron Myersdorf the CEO at StoreDot they have developed a type of electrode using new materials that they call MFE (Multi Function Electrode). One side acts like a Supercapacitor (very fast charging), and the other is like a Lithium electrode (slow discharge).