Other News

Seawater cooling project in La Réunion funded with €150m

The French island La Réunion is to receive €150m funding to deploy a seawater cooling project to power its air-conditioning,  announced Monday, October 27.

The project will involve the construction and operation of a system to draw cold water at 5°C from a depth of 1,000m from the Indian Ocean and supply public and private facilities on the 2,500km² island. These include the regional hospital, university and the industrial and commercial areas of the… Continue reading

IRENA Evaluates Four Ocean Energy Technologies

The International Renewable Energy Agency (IRENA) has published a series of technology papers exploring the potential for power generation and other sustainable applications from ocean energy. The papers cover the main features and current status of four technology types: tidal energy; wave energy; ocean thermal energy conversion; and salinity gradient energy.

IRENA-OTECbrief-coverDescribing ocean thermal energy conversion as having the highest potential of all ocean energy technologies, the respective Brief notes that:… Continue reading

2nd OTEC Symposium proceedings

2ndOTECsymposium1

The International OTEC Symposium 2014 was held from June 20 to June 21, 2014 in Goseong, Korea. Seawater Utilization Plant Research Center (SUPRC) of Korea Research Institute of Ships and Ocean Engineering (KRISO) hosted the symposium to share all valuable information on OTEC from academic and industrial sectors. About 50 OTEC experts from all over the world including Malaysia, USA, Japan, Netherlands, Fiji, Ghana and Korea have participated in the symposium giving brilliant… Continue reading

20,000 megawatts under the sea

New Scientist published an article about the many promises of Ocean Thermal Energy Conversion (OTEC), and the need and increasing momentum for OTEC to become part of the 21st century’s renewable energy mix, including a nice visual overview of OTEC projects  getting under way around the world:

OTEC Africa conference presentations

OTEC_Africa_logoLast 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

Launch of Knowledge Center on Organic Rankine Cycle technology

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

Ocean Thermal Energy Corporation Announces $7,650,000 Equity Offering

logo-oteToday, 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

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