Ocean Thermal Energy Corporation

Ocean Thermal Energy Corporation (OTE) is a renewable energy and drinkable water provider with operations in the United States of America, the United Kingdom, The Bahamas and Cayman Islands. Imagine being able to extract the solar energy trapped in the world's tropical oceans and use it as a renewable power source. Our Company was formed to commercialize global Ocean Thermal Energy Conversion (OTEC) and Seawater Air Conditioning (SWAC) opportunities that will provide real practical solutions to mankind's three oldest and most fundamental needs: clean drinking water, plentiful food, and sustainable energy without the use of fossil fuel. Since 2010, OTE's current management team has grown and technologically advanced our efforts. OTEC is a proven technology producing base-load (24/7) clean electricity by means of the temperature differential between warm tropical surface water and cold deep ocean water. OTEC can also generate abundant drinkable water by diverting a portion of its electricity to a water desalination facility. The water used in the process of generating electricity can then be used for sustainable aquaculture or agriculture projects. - See more at: http://www.otecorporation.com/about.html#sthash.xTXmTwDX.dpuf

Demonstrated to be technically feasible in the 1990s at the Natural Energy Laboratory of Hawaii Authority (NELHA), OTEC is now ripe for commercialization. Two factors have changed in the last 20 years to make OTEC extremely marketable. First, sustained high oil prices have made OTEC electricity pricing increasingly competitive, particularly in many remote tropical island communities where electricity prices are now in the exorbitant range of 40-60 cents/kWh. Second, there have been major technical advances in the offshore oil industry in the last two decades, many of which are applicable to deep cold water pipe technology for OTEC.

Another proven technology closely related to OTEC is Seawater Air Conditioning (SWAC), in which a large pipe brings up cold deep ocean water to be used for air conditioning of large buildings. Instead of using standard polluting refrigerants, SWAC uses the cold ocean water for cooling. SWAC systems can reduce electricity usage by up to 90% when compared to conventional air conditioning, thereby substantially reducing carbon emissions in our environment and saving hundreds of millions of dollars in electricity costs to industrial and commercial consumers over the long lifespan of these systems. We have successfully negotiated a contract to build, own and operate the world's largest deep ocean SWAC facility for a luxury resort in The Bahamas.
- See more at: http://www.otecorporation.com/about.html#sthash.xTXmTwDX.dpuf

In addition to The Bahamas SWAC project, we have many other projects in the pipeline. OTE has negotiated a Memorandum of Understanding (MoU) with the Bahamas Electricity Corporation to move forward with two OTEC plants on the Bahamian Islands of New Providence and Andros. Additionally, we have received agreements to move forward with OTEC and/or SWAC systems in the United States Virgin Islands (USVI), Cayman Islands, East Africa and the Pacific Rim. These projects signal the start of OTE's globalization of its competitively priced renewable energy and energy saving resources. Over 100 countries have now been identified around the world where OTEC and/or SWAC plants may be feasible, both technically and economically. - See more at: http://www.otecorporation.com/about.html#sthash.xTXmTwDX.dpuf

Other benefits provided by OTEC and SWAC include use of the deep nutrient-rich ocean water for sustainable fish-farming as is now being done in Hawaii where the pilot OTEC plant was built in the 1990s at the Natural Energy Laboratory of Hawaii (NELHA). At the NELHA site, the deep cold water pipes are still operational. Many eco-friendly businesses operate at NELHA, including sustainable aquaculture, mariculture and agriculture operations. In combination with OTEC's tremendous clean energy and potable water capacities, this additional food production potential means that OTEC is perfectly suited to meet the world's three greatest essential needs: water, food, and energy. Most importantly, OTEC can satisfy these basic human necessities by simply allowing communities around the world to tap into their most abundant and renewable local resource: the ocean. - See more at: http://www.otecorporation.com/about.html#sthash.xTXmTwDX.dpuf