Our mission is to bring the cost of OTEC down to a competitive level and to provide a vast, baseload source of renewable energy to our customers.
Why we do this
Although tropical regions currently account for less than 30% of the current global energy demand, the tropics will become the most significant energy market within the next 20 years. At current rates of growth over half of the world’s population will live in the tropics by 2050, a population that is increasingly more affluent as the developing world rises from poverty. At the same time over 40% of the world’s population is located within 100kms of the ocean, making the use of Ocean Thermal Energy not only attractive but also an imperative solution for the future energy mix.