1. What are the major differences between your technology and others?
We are committed to producing energy storage solutions that meet the needs of today and are good for the environment.
With that in mind the major differences between our technology and others are that they are environmentally friendly, non-toxic, non-flammable, 90-95% more recyclable, and less expensive.
2. How is your technology better than what is currently available?
Battery technology development has not kept pace with what our modern world needs, namely, effective energy storage solutions that are competitively-priced, environmentally friendly, lightweight, and more efficient. The global battery market continues to be dominated by batteries created with polluting, toxic 19th century technology. More solutions like lithium-Ion batteries were created in the late 20th century but are still manufactured with toxic cobalt or phosphate. Our zinc-manganese battery brings the battery into the 21st century and represents the first major technological development in almost 20 years. Our technology is protected by intellectual property filings and allows for the production of batteries that are:
More effective - superior shelf life, storage capacity & weight-to-power output
Greener - uses safe, non-toxic and abundantly-available materials
Smaller - improved energy density = twice the energy storage of comparable lead-acid batteries
Lighter - lighter batteries are safer to transport and install which reduces costs
Scalable - batteries can be manufactured in a wide range of sizes and shapes, allowing the manufacturing process to optimize the storage solution for commercial, industrial or residential applications
Inexpensive - OTI batteries can be manufactured cost-effectively in a modern facility.
3. What is your motivation?
Electrical power must be consumed at the time it is produced or it is wasted. Transmitting energy from large producers over long distances is costly and inefficient. The solution is to generate power in combination with storage solutions locally. Furthermore, climate change and the environmental impact of using fossil fuels to produce electricity has generated sizeable growth in renewable energy. Renewable energy relies on the ability to store it and sometimes transport it. As you can see batteries are an important solution here and our motivation is to produce these batteries.
4. How big is the market for energy storage solutions?
According to Bloomberg, the international market for energy storage solutions rechargeable batteries is estimated at over US$120 billion annually - US$28 billion for primary batteries and US$91 billion for rechargeable batteries. OTI is currently focused on the lead-acid battery market which has a market size of US$30 billion and is split into 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 RV, golf carts, fork lifts
Starting, Lighting, and Ignition or SLI ($25 billion annually). With continued research, OTI has the potential to displace lead-acid batteries in this market as well.
5. What is OTI’s mission?
OTI’s mission is to be a global leader in the energy storage market and is committed to promoting environmental, social and governance principles. In fact OTI aligns itself with the United Nation’s Sustainable Development Goals, specifically in the areas of:
Affordable and clean energy,
Decent work and economic growth,
Industry, innovation and infrastructure,
Sustainable cities and communities,
Responsible consumption & production, and
6. Why is energy storage so important?
Our modern society depends on a robust and reliable supply of electrical power. In fact, the technological revolution we have experienced would not be possible without batteries. Just think of what it would be like to use your smart phone with regular batteries instead of the long-lasting battery it has. Having more efficient batteries has many benefits:
Make emergency backup systems for industry and business cheaper. Virtually all businesses around the world rely on emergency backup systems to protect electronic data and to provide safety systems for employees and critical infrastructure. A lighter, more efficient battery can reduce annual expenditures in this area.
Enable micro-grid construction in communities currently powered by diesel generators to generate power inefficiently. Coupled with appropriate renewable energy generation more efficient and less costly batteries can dramatically transform this market.
Improve peak shaving distributed generation. Companies can and do realize significant cost-savings by embracing peak shaving solutions. They buy power from the traditional grid during periods of low use and low cost and store it. Then, when energy costs are high at peak hours, they can use the stored energy. More efficient batteries will aid this activity and generate energy and cost savings.
Make portable power solutions cheaper. More efficient energy storage and longer life will help government and business reduce costs dramatically. Better batteries are in high demand for a wide range of commercial, government, and industrial uses such as cell phone towers, cable boxes, traffic and lighting systems.
Improve consumer electronics. Better batteries mean better consumer electronics. For example, they give us longer-lasting smartphones and laptops.
Provide better automotive and vehicle batteries. This is a particularly important solution for Starting, Lighting, and Ignition (SLI).
7. For most innovators in battery technology one of the biggest challenges is building a facility to produce batteries at scale. How will OTI overcome this challenge?
Unlike lead-acid battery manufacturers, OTI has a green manufacturing process which meets or exceeds all industrial standards for environmentally-safe manufacturing and production. Also its technology uses cheaper readily-available inputs in its production and has no reliance on rare materials like lithium and cobalt. All of this allows OTI to overcome this challenge.
Our technology vs others