The urgency for energy storage is accelerated by the drive into renewable energies. O-Hx’s patented EnergiVault aims to store & deliver thermal energy to reduce cooling costs & provide scalable energy storage. With an estimated 50% lifetime cost compared to lithium batteries, they’re raising for commercial trials & a launch in 23’.
We founded O-Hx in response to a growing urgency for energy storage and focus on the cooling market, accounting for 25% of the world's electricity & 7% of global greenhouse emissions. Our patented tech, Energivault, aims to provide a retrofittable, cooling technology also serving as energy storage at an estimated 50% lifetime cost compared to lithium batteries & with the potential to reduce cooling costs by up to 60%.
Using organics, EnergiVault has a high surface area to volume ratio, allowing it to store & deliver high amounts of thermal energy. According to a 350 PPM report, this leads to a higher release of stored energy & cooling efficiency compared to other solutions. Using AI we aim to optimise cold charging times when electricity prices are low.
We've been granted multiple awards, a UK Patent & a £150K grant from Redcat. We’ve completed a proof of concept & are supported by 350 PPM, an Environmental Incubator & Accelerator.
EnergiVault being a cooling & energy storage technology, research by 350 PPM suggests there are no direct competitors. Initial focus is B2B clients in the Food/Drink, HVAC, Plastics, Rubber & Datacentres sectors. Our independent research suggests that EnergiVault could pay for itself within 2-4 years.
We have a four-stage funding strategy. This is the first stage & funds raised will be used to start commercial trials in Q2 22’, with UK launch in Q3 23’.