What’s so great about offshore OTEC and NEW-OTEC?
Located off the shore of every continent except Europe is a clean-energy equivalent of an Oil-field. Offshore OTEC is 100 % clean and can provide power to most of the world. The offshore OTEC resource is worth Trillions of $ so should appeal to big-time investors.
Traditional OTEC is rumoured to require at least 100 MW to be cost effective. The two main problems are the floating surface platform and the rigid deep sea cold water pipe, together these can make up over 50% of the cost of OTEC.
Field tests showed that hoses are cheap to use. Since hoses are low cost, we should try to make a platform which remains low cost.
Offshore OTEC designs can avoid the problems of rigid deep sea cold water pipes and surface platforms, therefore, we know we can cut the cost of OTEC by 50%. Expensive building requirements and risky tasks can be completely avoided. Now, we have an extremely competitive product which can be used all over the world. We can use equipment which is mass produced in quantities that could really make a difference, quickly. This is great news for those who hate fossil fuels and fear climate change.
We can provide low cost 100% clean energy to billions of people with costs that would appeal to investors as well as buyers. We can transform economies all over the world, replacing expensive fossil fuels with low cost clean and consistent power.