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About OTEC

OTEC aims to use the ocean, what they call the "the earth's largest natural solar collector", to produce a renewable source of power and fresh water. The company's customized components are designed to efficiently convert thermal differences between the ocean's surface and deep water into a commercially viable low-temperature power cycle.

Headquarters Location

United States

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Expert Collections containing OTEC

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

OTEC is included in 1 Expert Collection, including Renewable Energy.

R

Renewable Energy

4,043 items

This collection contains upstream and downstream solar companies, as well as those who manufacture and sell products that are powered by solar technology.

OTEC Patents

OTEC has filed 3 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/26/2014

7/23/2019

Fluid dynamics, Mechanical engineering, Rotation, Mechanics, Metalworking

Grant

Application Date

3/26/2014

Grant Date

7/23/2019

Title

Related Topics

Fluid dynamics, Mechanical engineering, Rotation, Mechanics, Metalworking

Status

Grant

Latest OTEC News

140 year old tech to bring unlimited clean energy to island nations

Nov 11, 2023

Small island havens generating clean and sustainable energy are set to become a reality thanks to this 140-year-old technology. By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time. A UK-based startup, Global OTEC, is throwing its hat in the ring to revolutionize energy for tropical island nations with a century-old technology, Ocean Thermal Energy Conversion (OTEC). The company presented advanced concepts for Dominique, its next-generation platform capable of generating 1.5MW, at the International Vienna Energy and Climate Forum (IVECF) in Austria last week. Conceived in 1881 by French physicist Jacques Arsene d’Arsonval, OTEC harnesses heat from surface water, heats fluids with a low-boiling point, and uses the ensuing steam to drive turbines and thus generate electricity. Unlike many other forms of renewable energy , OTEC is capable of running 24/7 and generating electricity at a consistent rate. See Also Navigating Challenges While its potential is immense, technological barriers, insufficient funding, and the rise of cheaper renewable alternatives have hindered OTEC’s progress. Currently, only two OTEC plants function globally— small demonstration plants in Hawaii and Japan— and their contribution accounts for a meager 100kW each to the grid, according to reports in TNW . OTEC’s biggest challenge stifling its large-scale adoption has been the monumental costs involved in setting up plants, a major chunk of which is accounted for by the expensive long pipes fixed to the seabed mandatory to transport water from the plant. Global OTEC has seemingly found a solution to this problem. Aimed to provide small island nations with a clean, baseload energy alternative to diesel, the company has designed its commercial-scale OTEC flagship plant, Dominique, to be modular and cost-effective with a floating barge design. CEO and founder Dan Grech told TNW that their design would only require a single 750-meter-long cold-water pipe, estimating costs to be roughly between $2.5 and $3 million, significantly less than other OTEC plants. “History is an important teacher, and we are committed to learning from it,“ said Grech. Dominique—paving a sustainable future Recently unveiled at IVECF, Dominique is set to be installed in São Tomé and Príncipe. The project has received Approval in Principle (AIP) from Lloyds Register and is closer to viability. As Dominique progresses through geotechnical surveys and detailed designs, Global OTEC aims to start commissioning by the end of 2025. “We know Dominique is a life-changer for small islands and coastal nations, and that’s why we see the pace of the project on track for success,” Grech said in a statement . “This is an important lesson we want to share with investors as the public-private partnership allowed the smooth undertaking of critical techno-economic, environmental, and social studies to progress to this point,” he added. Gabriel Mquengo, the National Energy Director of the Directorate General of Natural Resources and Energy (DGRNE) of the Ministry of Infrastructure, Natural Resources and Environment of São Tomé and Príncipe (MIRNMA), recognized the technology as a life-changing opportunity. “OTEC is a new opportunity for São Tomé and Príncipe to explore renewable energy , meeting the national ambitions and goals of the National Determined Contributions,” he highlighted. Dominique has the potential to decarbonize 10 GW of installed diesel capacity across 32 island countries, and the company believes that developing partnerships with these countries will secure clean and sustainable energy, leveraging the vast, untapped technology that is OTEC.

OTEC Frequently Asked Questions (FAQ)

  • What is OTEC's latest funding round?

    OTEC's latest funding round is Other Investors.

  • Who are the investors of OTEC?

    Investors of OTEC include Abell Foundation.

  • Who are OTEC's competitors?

    Competitors of OTEC include Bossa Nova Vision, NEI Corporation, Proton OnSite, SolarCity, eSolar and 7 more.

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