OTEC International LLC Updates its Web Presence
As OTI progresses toward commercialization of electricity generation through ocean thermal energy conversion (OTEC) we will regularly update our site and keep you posted on developments.
Status Update: We have a term sheet and are now in advanced discussions with Hawaiian Electric Company for a power purchase agreement on a 100-megawatt operation along with similar talks with the Caribbean Utilities Company, Ltd. for 25 MW.
If ever the time for OTEC, it’s now. OTI’s technology has taken significant leaps over the past decade, with improved processes and materials at the same time fossil fuel supplies dwindle, its prices and global demand climb.
As proof of OTI’s advanced technology, ABS (American Bureau of Shipping) has reviewed our 100 MW and 25 MW moored spar power plants and given OTI it’s first ever Approval-in-Principle for a floating renewable energy facility.