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Additional information about OTI and its energy storage technology can be found in the documents below. If you have any further questions, please to not hesitate to contact us directly by email at info@oti.technology.
FAQ
Our Technology vs Others
1. What are the major differences between your technology and others?
Our energy storage solutions are clean, environmentally friendly, non-toxic, non-flammable, 90-95% more recyclable, lighter, and less expensive.
The global battery market continues to be dominated by lead-acid batteries created with polluting, toxic 19th century technology. Lithium-Ion batteries which were created in the late 20th century are still manufactured with toxic and explosive cobalt or phosphate.
Battery technology development has not kept pace with what the modern world needs: competitively-priced, environmentally friendly, lightweight, and efficient batteries.
Our patented zinc-manganese electrochemistry brings the battery into the 21st century and represents the first major technological development in almost 20 years.
2. What is OTI’s mission?
OTI’s mission is to be a global leader in the energy storage market and aligns itself with the United Nation’s Sustainable Development Goals of:
- Affordable and clean energy
- Industry, innovation and infrastructure
- Sustainable cities and communities, and
- Responsible consumption & production
The environmental impact of using fossil fuels to produce electricity has generated the great growth of renewable energy. But renewable energy relies on the ability to store it and transport it. So, batteries are a vital need.
We are committed to producing the best batteries possible to lead the future of energy from renewable sources.
3. Why is energy storage so important?
Modern society depends on a robust and reliable supply of electrical power. Electrical power is either consumed at the time it’s produced, or it’s wasted. Transmitting energy from large producers over long distances is costly and inefficient. The solution is to generate power locally, in combination with storage solutions.
The technological revolution we are experiencing would not be possible without batteries. More efficient batteries can:
- Make power backup systems for industry and business cheaper. Virtually all businesses around the world rely on power backup systems to keep critical infrastructure working, protect electronic data, and provide safety systems for employees and consumers. A lighter, more efficient battery greatly reduces the cost of power backup systems.
- Provide micro-grids for communities now powered by diesel generators. Coupled with renewable energy generation, more efficient and less costly batteries can dramatically transform this market.
- Improve peak shaving distributed generation. Companies are realizing cost-savings with peak shaving strategies. They buy power from the traditional grid during periods of low use and store it. Then, when energy costs are higher at peak hours, they use the stored energy. More efficient batteries can generate significant energy and cost savings.
- Make portable power solutions cheaper. More efficient energy storage and longer life are in high demand for a wide range of industrial, commercial, military, and governmental uses like cell phone towers, cable boxes, traffic and lighting systems.
- Improve consumer electronics. Better batteries mean better consumer electronics, like longer-lasting smartphones and laptops.
- Provide better automotive and vehicle batteries. Smaller, lighter, efficient batteries are a particularly important solution for vehicle Starting, Lighting, and Ignition (SLI).
4. How big is the market for energy storage solutions?
Bloomberg estimates the international market for storage solutions at over US$120 billion annually: US$28 billion for primary batteries, and US$91 billion for rechargeable batteries. OTI is currently focused on displacing lead-acid batteries, which have a market size of US$50 billion in three major market segments:
- Stationary ($20 billion annually): Backup Power, UPS, micro grids, peak shaving, solar and wind storage
- Motive ($5 billion annually): Trucks and RVs, golf carts, fork lifts
- SLI ($25 billion annually): cars and other motor vehicles
Our technology is protected by proprietary intellectual property and allows for the production of batteries that are clean, more effective, smaller, lighter, and scalable for industrial, commercial, and residential applications – giving OTI an enormous market advantage.
5. A big challenge for innovative battery technology is building a facility to produce batteries at scale. How will OTI overcome this challenge?
Unlike lead-acid battery manufacturers, OTI has a clean manufacturing process which meets or exceeds all industrial standards for environmentally-safe manufacturing and production.
OTI technology uses cheaper, readily-available inputs and has no reliance on rare and expensive materials like lithium and cobalt.
This is what enables OTI to overcome this production challenge.