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OTEC International, LLC (OTI) was established in 2001 by The Abell Foundation to market and commercialize the OTEC technology.
OTI has its eye on being first-to-market and the global leader in OTEC power generation. OTI’s near-term objective is to build a Floating Power Platform, which has the capacity to produce up to 10-megawatts of power, to demonstrate the OTEC power cycle, before it constructs larger commercial projects—capital intensive, offshore, deep-ocean floating platforms. In the long-term, OTI will refine production and optimize the efficiency of its OTEC cycle so that the next generation of facilities can be modified to produce fresh water as a co-product.
OTEC International has executed term sheets with utilities and is exploring the potential for OTEC development in Hawaii, The Bahamas and Cayman Islands.