Otoro Energy specializes in creating affordable, grid-scale energy storage solutions through innovative flow battery technology. Based in Boulder, Colorado, the company develops safe and cost-effective battery systems designed for long-duration energy storage applications. Founded in 2020, Otoro Energy focuses on addressing the growing demand for reliable electricity storage by introducing non-flammable, non-corrosive, and non-toxic battery solutions. Their approach combines advanced battery chemistry with sustainable materials, positioning them as a significant contributor to the clean energy transition.
Battery Technology
Otoro Energy’s proprietary flow battery technology represents a significant advancement in energy storage systems. Their batteries utilize a metal-chelate liquid electrolyte solution, which sets them apart from traditional lithium-ion batteries. The technology eliminates the need for precious metals, instead incorporating abundant materials like chromium and iron sourced from the steel industry.
The system achieves over 80% efficiency with minimal self-discharge rates, offering a projected lifespan exceeding 20 years. A distinctive feature of their flow batteries is the separation of energy storage and power generation components, allowing for simplified scaling of storage capacity. This design makes the technology particularly suitable for utility-scale applications.
The company’s batteries excel in safety features, with their non-flammable and non-toxic characteristics making them ideal for installation in densely populated areas. The technology also supports domestic manufacturing capabilities, reducing dependence on international supply chains and supporting local economic development.
Recent Projects
In recent developments, Otoro Energy received funding from the U.S. Department of Energy’s Energy Storage Grand Challenge (ESGC) program. The company was among four recipients sharing $17.9 million in funding to advance research and manufacturing processes in the energy storage sector. This funding supports their ongoing work to develop megawatt-scale flow battery systems for grid applications.
Investors
Otoro Energy’s financial backing includes support from Innosphere Ventures Cleantech Incubator and the U.S. Department of Energy. The company has also established strategic partnerships with Raytheon Technologies for system development and prototyping, while maintaining research collaborations with the University of Colorado Boulder, where the foundational technology was developed.
Business Details
Location: Boulder, Colorado, USA
Website: https://otoroenergy.com
LinkedIn: https://www.linkedin.com/company/67077072
