© CEOCFO Magazine -
CEOCFO Magazine, PO Box 340
Palm Harbor, FL 34682-
Lynn Fosse, Senior Editor
Steve Alexander, Associate Editor
Bud Wayne, Marketing
& Production Manager
Christy Rivers -
Interview conducted by:
Lynn Fosse, Senior Editor
Published – January 3, 2022
CEOCFO: Mr. Sloop, what is the idea behind OnTo Technology?
Mr. Sloop: The idea behind OnTo is to implement battery recycling to enable economic and environmental sustainability of electric vehicles and energy storage, and carbon neutrality for smaller batteries supporting internet technologies. Towards that end, OnTo invented it’s suite of Cathode-
CEOCFO: What are some of the challenges and what does it take to recycle a lithium battery?
Mr. Sloop: Challenges include safety, logistics, and cost. Lithium-
Logistics safety improves and cost decreases with elimination of the fire risk. Storage of inert items is much less risky than for items with a potentially active fire-
CEOCFO: Are you doing this now? Are you licensing your technology or working with partners? How does theory go into practice?
Mr. Sloop: We are creating strategic partnerships to scale-
CEOCFO: Are the appropriate people concerned about recycling lithium batteries?
Mr. Sloop: It is becoming more and more a front-
CEOCFO: Would someone take advantage of all of the technologies; are they all interrelated or are some standalone?
Mr. Sloop: There are both interrelations and standalone opportunities. We are pleased to have a focused development with Johnson Matthey on cathode-
CEOCFO: When you are speaking with the right person, do they understand?
Mr. Sloop: Certainly, people get the challenge and opportunities with recycling services all along the value chain. It is exciting to see that engagement. The technical side can be a challenge sometimes, since direct recycling is a new concept for the industry, and it may not be obvious – which is part of the nature of innovation and invention. So, I take lessons from my very first job, teaching physics and chemistry, sometimes a different angle or explanation is required to make the connection. And always, the best way to make the explanation is through an ongoing demonstration and that is what we do typically here at OnTo, for example, through manufacturing the first fully recycled NMC EV battery, third party verification of battery deactivation, and scale-
We continue to demonstrate the technology features and benefits with partners and explore options to increase traction. Maintaining and expanding demonstration, simplifying the explanation, and making the business case.
CEOCFO: How do you deal with some of the frustration knowing you have something at OnTo Technology to help in such an important area and yet it is a real challenge to get it moving?
Mr. Sloop: It is just part of the tech development job. It is always an opportunity to refine the pitch and advance the current partnerships. This is all part of the interesting and rewarding effort for commercialization. We have a very good success in activities with numerous industrial partners. We are keen to make those successful, reduce the risk of scale-
We continue to demonstrate the benefits of cathode-
The battery industry is growing to meet the demands for electrification and storage. With such growth, what were small niches become chasms that threaten viability. OnTo will obtain traction within a market niche and enable winning business through resolving these market pains related to recycling.
OnTo Technology | Steve Sloop | Battery Recycling | Battery Safety | Battery Safety | OnTo for Environmental and Economic Sustainability in Battery Recycling | CEO Interviews 2022 | Clean-
“Successful recycling, with OnTo’s Cathode-