Ocean Thermal Energy Conversion (OTEC) is a base-load renewable energy production process particularly suited for tropical zones. It uses the ocean's temperature... Learn more »
Potable water production is a natural by-product of the open cycle power production system. In a closed-cycle OTEC system, potable water can also be produced by diverting some of the electricity... Learn more »
Seawater District Cooling (SDC) is a proven clean method of air-conditioning buildings, using cold deep seawater in place of polluting standard refrigerants... Learn more »
Ocean Thermal Energy PLC (OTE PLC) has world-wide business dealings for multiple projects. Having signed a Memorandum of Understanding (MoU) with The Bahamas Electricity Corporation, OTE PLC is currently moving forward with this ground-breaking project, expected to culminate with OTE PLC’s construction, ownership and operation of the world’s first two commercial Ocean Thermal Energy Conversion (OTEC) plants. These facilities are planned to include not only clean baseload (24/7) electricity production, but potable water and sustainable food production as well in the form of aquaculture, mariculture and chilled soil agriculture.
In addition to this project to construct two OTEC plants in The Bahamas, OTE PLC has also executed an MoU with a major African Utility Company to move forward with OTEC and potable water plants in East Africa. OTE PLC has further received a Preliminary Power Purchase Agreement to build, own and operate another OTEC facility for a Pacific Island utility. These Atlantic, Pacific, and Indian Ocean based projects signal the start of OTE PLC’s globalization of its competitively priced renewable energy resource.
OTE PLC has also recently consummated an Energy Services Agreement (ESA), under which OTE PLC will build, own and operate the world’s largest deep ocean Seawater District Cooling (SDC) facility, saving an estimated 80-90 percent in air conditioning electricity usage for multiple hotels at the world-class luxury Baha Mar Resort in The Bahamas. These clean energy OTEC and SDC projects, together, would have estimated revenues to Ocean Thermal Energy PLC of approximately 2.5 billion dollars. Learn More »
Ocean Thermal Energy PLC (OTE PLC) was founded upon the principle that, in seeking common ground, we not only foster a more civil and peaceful world, but ultimately accomplish more in our abilities to address mounting global concerns. The vast majority of people on this planet have the same needs and desires for themselves and their families... food, clean water, electricity and security… Learn more »