OTEC International LLC (OTI) principals recently presented to The World Bank Energy Sector Management Assistance Program (ESMAP) on the fundamentals of ocean thermal energy conversion (OTEC) technology, along with OTI’s commercial projects on the horizon.
A comprehensive discussion about this important baseload renewable energy technology and its optimal markets was led by Eileen O’Rourke, OTI’s Chief Operating Officer, and Barry Cole, OTI’s Executive VP and Director of Technology Development.
“There is a growing interest in OTEC, especially for island nations who rely on importing fossil fuel for energy,” said O’Rourke. “OTEC International’s presentation to The World Bank outlined the commercial readiness of the technology, the characteristics of current OTEC markets, and the pre-development process for interested countries. We’re happy to renew connections with this important organization and to share the potential benefits of OTEC for the small island states and the developing world.”
The presentation included a description of OTI systems and components, including commercial availability and pedigree, and OTI’s line of floating OTEC platforms. Based on experience with island customers, OTI discussed how a renewable OTEC facility could integrate with established electrical generating plants to enhance the stability and reliability of the entire system. OTI provided some confidential data to be used internally by The World Bank to inform its renewable energy discussions.