Latest ocean energy Stories
Prototype Plant to be First Project in the Multi-Billion Dollar Clean Energy Agreement BALTIMORE, April 16, 2013 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) has announced that it is working with Reignwood Group to develop an Ocean Thermal Energy Conversion (OTEC) pilot power plant off the coast of southern China. A memorandum of agreement between the two companies was signed in Beijing on Saturday. Following the ceremony, both companies met with United States Secretary of State John...
SYDNEY, Nov. 30, 2011 /PRNewswire/ -- Ocean energy company, BioPower Systems (BPS), today announced that the Victorian Minister for Energy and Resources, the Hon. Michael O'Brien MP, has awarded the company conditional funding support of $5 million under the Sustainable Energy Pilot Demonstration Program. The funding will be applied towards the $14 million pilot demonstration of the company's 250kW bioWAVE ocean wave energy system at a grid-connected site near Port Fairy, Victoria. "In...
KEAHOLE, Hawaii, Nov. 18, 2011 /PRNewswire/ -- OTEC International LLC (OTI) was selected to build a one-megawatt demonstration plant by the Natural Energy Laboratory of Hawai'i Authority (NELHA) to test the full power cycle of ocean thermal energy conversion for electricity. Baltimore-based OTI has built its OTEC design on decades of innovation, combining proprietary technology with off-the-shelf components. Privately funded OTI has not relied on government money and expects to be...
LANCASTER, Pa., Oct. 11, 2011 /PRNewswire/ -- Ocean Thermal Energy Corporation (OTE Corporation) today announced the appointment of three distinguished public servants to its Advisory Board: Governor Edward G. Rendell, Congressman Christopher P. Carney and Senator Lynn P. Holowesko. "Our Company is delighted to be able to draw upon the tremendous experience and varied expertise of these three visionaries, who have each shown commitment to the general public welfare," said Jeremy P. Feakins,...
LANCASTER, Pa., Sept. 22, 2011 /PRNewswire/ -- Ocean Thermal Energy Corporation (OTE Corp.) and Bahamas Electricity Corporation (BEC) today signed a Memorandum of Understanding (MoU) to further the development of two ocean thermal energy conversion plants in The Bahamas in concert with BEC's strong policy to promote renewable energy resources in The Bahamas to maximize Bahamian energy independence and environmental benefits. This announcement signals the start of OTE Corp.'s globalization...
LANCASTER, Pa., Aug. 30, 2011 /PRNewswire/ -- If you've ever appreciated the warmth of tropical ocean waters during a winter vacation, you understand the enormous volume of the sun's heat stored in the ocean...just waiting to be tapped into as an inexhaustible source of power. That same power can help solve some of the world's biggest problems from thirst to clean energy. Here are the top five: Clean Energy: Considered by some as "the other white meat" of alternative energy, ocean thermal...
SYDNEY, Aug. 8, 2011 /PRNewswire/ -- Ocean energy company, BioPower Systems, today announced that it has completed extensive tests of its full-scale O-Drive[TM] power conversion module, successfully delivering stable power to the grid over extended periods with a high level of efficiency. The O-Drive[TM] 250kW module is designed to plug into wave and tidal energy systems, such as the company's bioWAVE[TM] and bioSTREAM[TM]. It is driven in an oscillating fashion to convert the ocean...
LANCASTER, Pa., May 23, 2011 /PRNewswire/ -- OTE Corporation, the developer of systems using the natural temperature gradient of the ocean to produce clean, sustainable base-load power and fresh, potable water, today announced the appointment of Dr. Ted Johnson as Vice President, OTEC (Ocean Thermal Energy Conversion) Program Development. An internationally recognized pioneer in ocean-derived energy, Dr. Johnson will play a critical role in helping OTE Corporation bring the world a...
MANASSAS, Va., Nov. 22, 2010 /PRNewswire/ -- The U.S. Naval Facilities Engineering Command awarded Lockheed Martin (NYSE: LMT) a $4.4 million contract modification to advance the design for an Ocean Thermal Energy Conversion (OTEC) pilot plant off the coast of Hawaii. This contract modification is an addition to a Naval Facilities Engineering Command contract for $8.1 million issued in 2009. Under the contract, a Lockheed Martin-led industry team continues to develop critical system...
Researchers at the University of Hawaii at Manoa say that the Leeward side of Hawaiian Islands may be ideal for future ocean-based renewable energy plants that would use seawater from the oceans' depths to drive massive heat engines and produce steady amounts of renewable energy.The technology, referred to as Ocean Thermal Energy Conversion (OTEC), is described in the Journal of Renewable and Sustainable Energy, which is published by the American Institute of Physics (AIP).It involves placing...
