{"id":1215,"date":"2019-06-06T13:06:33","date_gmt":"2019-06-06T13:06:33","guid":{"rendered":"https:\/\/crowdforangels.com\/blog\/?p=1215"},"modified":"2021-07-02T14:52:55","modified_gmt":"2021-07-02T13:52:55","slug":"oxto-energy-flywheeling-into-the-21st-century","status":"publish","type":"post","link":"https:\/\/crowdforangels.com\/blog\/oxto-energy-flywheeling-into-the-21st-century\/","title":{"rendered":"OXTO Energy – Flywheeling into the 21st century"},"content":{"rendered":"\n

According to the excellent website: livepopulation.com<\/a> there are currently 7,551,533,461 human beings living on Earth (actually 6 fewer due to a handful of astronauts being on the international space station). That\u2019s up from 1 billion just over 200 years ago, 2 billion in the late 1920s and up from 7 billion just 7 years ago.<\/p>\n\n\n\n

Of course, the boom in global population is causing increasing challenges for humanity, not least in the form of energy demand. This is being further exasperated as countries get richer and require more power for things such as industry, household appliances and consumer goods. Analysts at the International Energy Agency are forecasting a 62% increase in global power generation between 2017 and 2040, the vast majority of which will come from developing countries.<\/p>\n\n\n\n

Power Problems<\/h3>\n\n\n\n

While there are answers to the growing power needs another problem is that electricity is one of the most perishable goods, it needs to be consumed or stored effectively as soon as it is generated. Predicting when someone will flick on a switch or plug in a device is an impossible task, which makes balancing the grid (matching the supply of energy to demand) a difficult and expensive task. <\/p>\n\n\n\n

Currently, one of the most common ways of storing energy is in the chemical battery. However, these often take a long time to recharge, have limited capacities and create problems from the mining and disposal of their contained elements. The challenge is therefore to find alternative ways of storing energy in a sustainable energy storage solution. <\/p>\n\n\n\n

Flywheel- A Method of Storing Energy<\/h4>\n\n\n\n

One such method is via a\nflywheel, one of the world\u2019s oldest methods of storing energy. A flywheel is a\nmechanical device specifically designed to efficiently store rotational energy\n– in the form of kinetic energy. Flywheels are useful in that they can help to smooth out\nripples in power output, providing surges of high power output as required and\nabsorbing surges of high power input. Now combined with\nmodern electronics and materials, flywheels can offer an alternative with\nvirtually zero environmental impact, during and after their operation lifetime.<\/p>\n\n\n\n

\"Oxto\"\/<\/figure>\n\n\n\n

One company looking to exploit its own flywheel technology is OXTO Energy. OXTO<\/a> has developed and patented a new flywheel energy storage device that will deliver safe, scalable storage at a competitive cost, with high energy density and low physical footprint. The flywheel stores kinetic energy in a vacuum in the form of a rotating mass, then it converts it back into electricity using an efficient switching mechanism. Its innovative power electronics allow alternating between high power and energy. While providing fast response, it allows a quick switch between load and supply modes.<\/p>\n\n\n\n

Advantages of OXTO’s Flywheel<\/h4>\n\n\n\n

Unlike alternative energy storage solutions, OXTO<\/a>‘s flywheel has an approximate +25 year lifetime and can be built with readily available materials. Other advantages include increased charge cycle capabilities (100,000+ compared to 5,000-10,000 for batteries), full output within 20ms of signal and no hazardous chemicals or fire hazards. OXTO’s flywheels can be produced as 65kW modules, for a wide variety of applications. <\/strong>For more information and to invest in the OXTO pitch CLICK HERE<\/a><\/strong> <\/p>\n\n\n\n

Looking for more investment opportunities? Find our latest open investments here: <\/strong><\/em>https:\/\/crowdforangels.com\/pitches\/open-investments<\/strong><\/em><\/a>
<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

OXTO has developed and patented a new flywheel energy storage device that will deliver safe, scalable storage at a competitive cost, with high energy density and low physical footprint.<\/p>\n","protected":false},"author":3,"featured_media":1229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[98],"tags":[130,129,128,131],"yoast_head":"\nOXTO Energy - Flywheeling into the 21st century - Crowd for Angels | Blog<\/title>\n<meta name=\"description\" content=\"OXTO has developed & patented a new flywheel energy storage device that will deliver safe, scalable storage at a competitive cost.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crowdforangels.com\/blog\/oxto-energy-flywheeling-into-the-21st-century\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OXTO Energy - 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