1. What are the major differences between your technology and others?
Our energy storage solutions are environmentally friendly, non-toxic, non-flammable, 90-95% more recyclable, lighter, and less expensive.
The global battery market continues to be dominated by batteries created with polluting, toxic 19th century technology. Solutions like lithium-Ion batteries were created in the late 20th century but are still manufactured with toxic cobalt or phosphate.
Battery technology development has not kept pace with what our modern world needs: competitively-priced, environmentally friendly, lightweight, and more efficient batteries. Our zinc-manganese battery 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 is committed to promoting environmental, social and governance principles. OTI aligns itself with the United Nation’s Sustainable Development Goals, specifically in the areas of:
Climate change and the environmental impact of using fossil fuels to produce electricity has generated the sizeable growth in renewable energy. Renewable energy relies on the ability to store it, and sometimes transport it. Batteries, therefore, are a crucial need. We are committed to producing the best batteries possible to lead the future of renewables.
3. Why is energy storage so important?
Modern society depends on a robust and reliable supply of electrical power. 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 locally, in combination with storage solutions.
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 can:
4. How big is the market for energy storage solutions?
According to Bloomberg, the international market for storage solutions 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$50 billion and is split into three major market segments:
Our technology is protected by intellectual property filings and allows for the production of batteries that are more effective, greener, smaller, lighter and scalable for commercial, industrial or residential applications – giving OTI an enormous market advantage.
5. 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. Its technology uses cheaper, readily-available inputs and has no reliance on rare materials like lithium and cobalt. This is what enables OTI to overcome this production challenge
Our technology vs others