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Ocean Thermal Energy Corporation Embraces New Technological Advances
Ocean Thermal Energy Corporation Embraces New Technological Advances.
About this update from Ocean Thermal Energy Corp.
[{"type":"text","content":"LANCASTER, PA / ACCESSWIRE / March 15, 2018 / Ocean Thermal Energy Corporation (OTCQB: CPWR) (\"OTE\" or \"the Company\"), a project developer for Ocean Thermal Energy Conversion (OTEC) plants that generate renewable energy without the use of fossil fuels, is today providing an update on how technological developments in the past 20 years have paved the way for OTEC's and Seawater Air Conditioning's (SWAC) commercialization.Ocean Thermal Energy Corporation, after six years of significant investment into OTEC research, the development of proprietary, trade secret technology, and the assembling of an exceptional management, engineering, and consulting team, is now positioned to accelerate the implementation of its OTEC technology for projects in the U.S., the Caribbean, the Asia Pacific region, and eventually worldwide.Proof of ConceptThe first closed-cycle, land-based pilot OTEC plant was built in 1981 on the island of Nauru, followed by a second facility on the island of Hawaii in 1993, both facilities producing enough energy to power several hundred houses per year. These concept plants delivered proof that OTEC technology works. Since then, leading firms in the industry have implemented significant technological advances, demonstrating that OTEC is on its way to revolutionizing energy production worldwide, allowing reliable and affordable energy production on a large scale.OTEC's Time Has ComeTechnological advancements, primarily driven by other industries, including aerospace, power plants, petroleum, and geothermal, send a strong signal that OTEC's time has come. The innovations in materials science have produced stronger, lighter, more durable materials that allow larger, more efficient pipes to produce better scales of effectiveness. Interestingly, many of the technological advancements were brought about by the oil industry - a strong sign of things to come.The explosion in the computer and digital industries has led to advancements allowing for true visualizations of ocean floors that enable easy environmental impact assessments for building and operating plants, leading to more rapid advancement and deployment of OTEC technology.More than anything else, the acceptance of alternative energy sources by the populations of the world has established OTEC as a commercially viable and economically sustainable solution.OTE Corp...