OTEC is a clean energy technology which is suitable for many locations throughout the world. The great advantage it has is 24-7 operation.
Traditional OTEC and SWAC designs depend on a pipe. The use of pipes on a small scale is not at all cost effective. Very large pipes are required for economy of scale and these require ‘Oil rigs’. ‘Such ‘Oil rigs’ cost $400 million minimum. Traditional OTEC plants have a $1billion price tag.
Some medium sized plants can compete with diesel in very remote locations due to the extremely high energy cost of running a small diesel generator in a remote location.
Many locations including entire countries such as the Maldives are remote and pay very high prices for their energy. Per research our new-otec system can provide a 75% saving and remain attractive to investors.