OTECorp Gets Coverage at Forbes

Here’s an article by a contributing author to Forbes who writes about OTECorp, the leader in ocean thermal energy conversion.   This technology has been around a century, but has only recent become of interest.  As CEO Jeremy Feakins says, “(We) currently can offer power at a tremendous savings to the countries where (we) it operate.  Electrical costs in island countries where fuel must be imported can range from 30 to 50 cents per kilowatt hour whereas (we) can produce power at roughly half the cost.”

I believe that OTECorp investors (of whom I’m one) are going to do very well with this.  And there is a side-benefit to those of us with lungs, or children, or both: displacing energy from bunker diesel generators is a huge boon to the environment.