We wanted to let you know that we have been busy working to advance our projects and attending conferences and exhibitions to showcase our technology.
Clean Energy Legislative Briefing and Exhibit
OTI recently participated in the Hawaii Energy Policy Forum’s 9th annual informational briefing, “Hawaii: The State of Clean Energy,” which featured updates from lawmakers and energy experts on the progress various clean energy projects in the State are making.
During the briefing Hawaiian Electric Company’s Senior Vice President, Robbie Alm, mentioned OTI’s 100 MWe Kahe Point plant as a integral part of HECO’s renewable energy mix and necessary to meet the State’s 2025 goal of non-fossil electric power generation. He said the OTI project was one of only four left in the current pipeline.
Following the briefing, legislators, their staff and the public met with 22 of Hawaii’s top energy pacesetters. More than 200 participants attended this year’s briefing and energy exhibition.
The OTI table experienced a steady stream of interested parties. Staffing the exhibit was John Harrison, Ph.D. of North Shore Consultants, one of OTI’s development partners. Conversations centered on OTEC technology and how the technology is optimal for Hawaii. We received a lot of support and enthusiasm.
We are continuing to hammer out the details for a lease for a 1MWe research, development and demonstration plant at NELHA. Our target date for facility completion is final quarter of 2014.
Our negotiations on the Power Purchase Agreement with Hawaiian Electric Company for a 100 MWe OTEC plant have advanced significantly. We’re honing the details and hope to submit the project for PUC approval later this year.
As more develops, we’ll be sure to keep you informed.
We are working closely with the Caribbean Utilities Company on the site specifications to develop a 25 MWe offshore plant and now have expanded discussions for other Caribbean-based projects.