Starting with the most obvious; here we have a start-up where the largest platforms we aim to sell may be valued in the hundreds of millions of USD. each !
Trillions of $ worth of equipment could be installed because that’s how much the world needs to be clean.
NEW-OTEC is interesting because the anticipated cost is noticeably lower than other energy sources.
OTEC units use mass produced parts, therefore they are very well priced; the parts are state of the art. The units themselves can hardly be a more promising tool for ending fossil fuel emissions because the parts are cheap and already mass produced, and they produce constant clean power.
Below the surface, wave forces are tiny, therefore the costs associated with this offshore technology can drop. Mooring costs and transport and construction headaches are key areas where a massive improvement is expected because lower volumes and lower forces and mass loads means lower costs; low cost mooring can be used if the forces on the platform are kept low.
Let’s reach a stage where Banks are willing to lend Money.
We are excited because we are just a few sales or a meagre investment away from reaching a stage where professional investors will take notice.
OTEC uses mainstream technology, therefore we just need to buy parts from a few existing suppliers.
Traditional OTEC is rumoured to require at least 100 MW to be cost effective. The two main problems with the technology are the floating platform and the rigid deep-sea cold-water pipe; together these can make up over 50% of the cost of these old-fashioned Platforms.
Offshore OTEC designs can avoid the problems of the rigid deep-sea old water pipe and surface-platforms, therefore, we know we can slash the cost of OTEC.
Unlike the rigid pipe; the use of large diameter hoses at sea is well documented.
The product range is mass producible in phenomenal quantities and quite ready to be installed at a rate comparable with wind turbines.
We can replace Fossil Fuels with competitively priced, constant clean energy, and provide leavers of the oil and gas industry with similar Jobs.
No mixed water discharge; means a cheaper design with less piping and no contamination of the surface layer with ‘polluting’ nutrient rich cold water.
The option remains; to allow deep-sea-cold-water to be released at the sea-surface; this action may certainly reduce the power of hurricanes, encourage marine life populations to grow and remove CO2 from the atmosphere in the process.
It may even be possible to cause the polar ice sheets to return to their old state, by cooling the worlds warm ocean currents.
NEW-OTEC is ready for Institutional investment and end users all over the World.