Global OTEC was founded to provide clean, reliable and affordable energy for small island developing states which experience some of the highest energy costs in the world.
We have designed the first commercial Ocean Thermal Energy Conversion system to transform the energy landscape for tropical island nations. By commercialising ocean thermal energy, we aim to free Small Island Developing States and coastal cities from the need to import expensive and dirty fossil fuels and help them meet the Sustainable Development Goals (SDGs).
To unlock the billions in energy project finance, available to conventional renewables, OTEC requires a permanent floating system to de-risk the technology. Global OTEC has a plan to achieve this while developing a bank of intellectual property so that proven designs can be licensed to independent project developers around the world.
Deployment of the first floating OTEC platform is planned for 2024 in the Democratic Republic of São Tomé and Príncipe. This is set to be a shining example to the rest of the world of how diesel fuel imports can be replaced with clean energy from the ocean.