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:
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:
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:
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.