MUSCAT : This investment is a part of a series of sustainable energy investments in OIA’s international portfolio.
ONE (Our Next Energy), founded in the USA in 2020, manufactures safe sustainable, and cost-effective batteries.
It specializes in innovative battery technology for Electric Vehicles and energy storage. It allows a driving range between 500 and 1000 kms.
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Through this investment, OIA aims to diversify its international portfolio, contribute to the national net zero target by 2050, achieve good returns, and attract innovative battery technology to Oman.
ONE joins a series of OIA investments in sustainable energy – Ascend ELEMENTS is a company that specializes in recycling lithium-ion in manufacturing innovative batteries; Group14 is a company that specializes in manufacturing innovative silicon-carbonate battery materials.
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