Next Wednesday, I’m headed into the local television studio that we use to make our videos, to shoot several short pieces introducing different clean energy technologies and the companies that I believe to be likely winners in the marketplace. One such technology, previously under-represented here at 2GreenEnergy, is OTEC (ocean thermal energy conversion).
OTEC is generally regarded as leading edge, in that it lags PV and wind by several decades in terms of R&D. Yet it holds huge promise. Close to a billion people live in tropical, equatorial climates near oceans, the surface water of which contains far more energy than those billion could possibly use; OTEC is a clever and potentially inexpensive way of extracting that energy. Not only can this energy be used for electrification, as a replacement for dirty fossil fuels, but iy can also desalinate ocean water, bringing clean drinking water to people for whom this is a scarce commodity.
My client, Ocean Thermal Energy Corporation, is a leader on OTEC development, with pilot programs in both Hawaii and the Bahamas. I look forward to helping them tell their story to an investor base that I believe will be thirsty for results.