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. All in all the resource could be valued at over £100 trillion as it is reputed to be ‘renewable’ up to 14 TW. This valuation is based on the assumption that £1000 gross profit per installed kw is made per annum, and that the gross profit is multiplied by an industry multiple of 8, and that 14 terawatts are installed.
The distance from shore in many cases is quite large. Large enough to be prohibitive on a small scale. Large scale OTEC platforms are notoriously expensive.
Our new-otec platform is an innovative series of concepts and designs which are free from many of the traditional problems associated with OTEC. The most significant features are the small power units, the common water supply and that the platform is submerged below the sea surface.
Below the surface, wave forces are tiny. The costs associated with OTEC can drop. An ideal depth can be calculated using met ocean data which would provide insight into the typical wave forces in the area. With assistance from Cruz Atcheson we can provide this service for just £5000!
The low cost of this exercise highlights a common misconception regarding offshore work. Much of it is so mainstream that prices are very competitive. Believe it or not this is a theme which runs throughout the new-otec industry.
The OTEC units are as cheap as chips!
The OTEC units use mass produced parts, as a result they are not expensive. The OTEC units themselves could hardly be any more promising when compared with other sources of energy, especially fossil fuels, as there is no recurring fuel cost. Traditionally, OTEC has the problem of requiring a floating offshore platform. It is this platform which has made OTEC so much more expensive than it could be…