OTEC International Presents at APCESE
Eileen O’Rourke, OTI’s Chief Operating Officer, participated in the panel OTEC: Developers Perspective. O’Rourke said what stands between OTEC and a successfully financed commercial project is an enforceable contract for the base-load energy such a plant would produce. You can access O’Rourke’s PPT Presentation here.
Barry Cole, OTI’s Executive VP and Director of Technology Development, presented on the OTEC: Policies, Finance and Incentives Panel. Cole focused on OTEC as an economic engine for both the providing and receiving countries. You can access Cole’s PPT Presentation here.
Laurence Shapiro, head of OTI’s power block engineering, outlined the OTEC benefits for small grid utilities for the OTEC: Experimental Plants & OTEC Technology session. Shapiro noted that OTEC can help smooth frequency and voltage swings, particularly given intermittent renewables. You can access Shapiro’s PPT Presentation here.
Video Animation Shows Plan for Offshore Oahu Plant
To see what OTEC International has in store for Oahu and to learn more about the OTEC process, click here.
Over the course of OTI’s work, we have greatly advanced OTEC technology. Our unique systems related to undersea pipes, cables and heat exchangers have been submitted to worldwide patent agencies. Currently, OTI has four patents issued and 42 patents pending worldwide, with 13 pending in the United States. OTI will continue to further its research, development and demonstration of OTEC technology and components, with the goal of commercialization and harnessing the power of the ocean to meet the world’s growing energy needs.
Hawaii Island Symposium Draws International Players
OTEC International took part in a round of discussions surrounding further development of OTEC technology in Kona in September. The event was co-sponsored by Hawaii County and one of its sister cities, Kumejima Island in Japan. OTI presented on progress on its proposed project at NELHA and the lessons learned in developing a land-based OTEC facility. Seeds were sown to create a coalition of OTEC-interested entities for the purpose of educating policymakers, particularly in the U.S. Capital, about OTEC.
Hawaii – OTI executives continue discussions with Hawaiian Electric Company on the power purchase agreement for a large spar-designed platform offshore Oahu’s leeward coast. The proposed floating power plant would be 100 MW. The execs have also met with government and community leaders and stakeholders to begin a dialogue about the impacts and benefits of an offshore OTEC plant.
Cayman Islands — An interconnection study has been completed for a proposed 25 MW plant for The Caribbean Utilities Company, Ltd. OTI has a term sheet with the utility and has undertaken studies, in partnership with the University of Hawaii-School of Ocean and Earth Science and Technology, of proposed project locations via Seagliders.
The Bahamas — OTI has proposed smaller, 3 to 5 MW barge-mounted plants to service the smaller “family islands” in The Bahamas, specifically for Abaco and Eleuthera. Company execs have been meeting with government officials and local community leaders there.