Last month, the two-day OTEC Africa conference was held at The School of Business and IT at the University of Borås, Sweden. It was a nice and informal gathering with a good opportunity to connect to people who share the OTEC-vision. The conference was organized by OTEC Africa, and hosted a wide variety of speakers. The conference organizers and speakers have made available some of the presentations that were given at the OTEC… Continue reading
The 2nd International OTEC Symposium will be hosted from June 15 to June 18, 2014 by the Korean Institute of Ocean Science and Technology (KIOST) Deep Ocean Water Application Research Center (DOWARC) OTEC Team as a special session of the 24th International Offshore(Ocean) and Polar Engineering Conference(ISOPE) 2014 in Busan, Korea. The Symposium will provide a platform for information exchange and discussion, and will identify steps to OTEC commercialisation for public and… Continue reading
Lockheed Martin and Reignwood Group Sign Contract To Develop Ocean Thermal Energy Conversion Power Plant
Lockheed Martin and Reignwood Group have signed a contract to start design of a 10-megawatt OTEC power plant, which, when complete, will be the largest OTEC project to date.
“The ocean holds enormous potential for terrawatts of clean, baseload energy,” said Dan Heller, vice president of new ventures for Lockheed Martin Mission Systems and Training. “Capturing this energy through a system like OTEC means we have the opportunity to produce reliable and sustainable power, supporting… Continue reading
Deep Ocean Water Application Research Center (DOWARC) of the Maritime and Ocean Engineering Research Institute (MOERI) and Korea Institute of Ocean Science and Technology (KIOST) have completed to install a 20kW OTEC pilot plant in October 2013 and are going to have a public demonstration in November 2013 after trial run and basic performance test.
DOWARC, MOERI has been working on a national project called ‘Development of utilization technology of deep… Continue reading
Last week, 7 – 8 October 2013, the ORC 2013 conference was hosted by Delft University of Technology in the Netherlands. In attendance of 400 professionals, there were lively discussions on the latest advancements of Organic Rankine Cycle (ORC) technology, which is at the basis of OTEC.
The conference also meant the start of the Knowledge Center on Organic Rankine Cycle technology (http://www.kcorc.org/en/), providing a hub for information sharing, networking and education in… Continue reading
Today, Ocean Thermal Energy Corporation (OTE) announced that the Company has launched its $7,650,000 Equity Offering of the Company’s Common Shares pursuant to the Jumpstart Our Business Startups (JOBS) Act, a bipartisan bill that enacts many initiatives to encourage business growth, job creation, and support the United States’ economic advancement. OTE is offering 9,000,000 Shares of its Common Stock for $0.85 per share ($7,650,000 in the aggregate).
click here for the full press release
On September 9th, the Asia Clean Energy Summit in combination with the International OTEC Symposium and the Islands & Isolated Communities Congress was opened with a inspiring and passionate keynote from Neil Abercrombie, Governor of the State of Hawaii, stating that energy goals are fundamental to our survival and to maintain the liberty to determine our own future.
The OTEC symposium continued with a high-profile panel with speakers from France, the Netherlands, Korea, Malaysia,… Continue reading