Global OTEC Resources Gets Further Marine-i Funding for Its Project

Global OTEC Resources has completed the initial designs and feasibility studies for its ocean thermal energy conversion (OTEC) project and is already progressing to detailed design of the key components, all with the aid of a further £80,000 grant from Marine-i.

The project is aimed to provide green energy to ‘off-grid’ islands across the tropics.

The MD of Global OTEC Resources, Dan Grech, said: “We now have a preliminary design for our floating Ocean Thermal Energy Conversion plant. This enables us to provide an accurate, on-budget cost model to meet the needs of our identified market. Our work has already attracted a letter of support from the Maldivian government, as well as a memorandum of understanding from a major, publicly-listed hotel chain which owns 50 resorts across the tropics. This demonstrates the outstanding commercial potential of our technology.”

Parallel with this, technical studies have been completed which examined seabed conditions and soil types in the Maldives, as well as wind speeds, current speeds and wave heights. For part of this, the Marine-i team enlisted the help of a research fellow at the University of Exeter, which has carried out pioneering work to support the project.

Matt Hodson, Marine Hub operations director at Cornwall Development Company and a partner in Marine-i, said: “The biggest technical challenge for this next stage will be finalizing the detailed design of the seawater intake and outtake pipes which are of fundamental importance for the operation of the plant. The cold-water intake pipeline must transport tonnes of seawater every second, through a pipeline that is suspended almost a mile vertically from a floating barge. This a highly ambitious project which could put Cornwall at the centre of an important marine technology of the future.”

Dan Grech added: “We are thrilled to have secured further support from Marine-i to enable us to de-risk the most challenging components of an OTEC system. We are certain that successful completion of this stage will unlock significant private investment, which in turn will mean that we can scale up and transition into the final design phase – possibly as early as spring 2020.”

Last September, Global OTEC Resources received a £140,000 grant from Marine-i which enabled the company to establish its operation in Cornwall.

Part funded by the European Regional Development Fund, Marine-i is designed to help the marine tech sector in Cornwall and the Isles of Scilly grow through harnessing the full potential of research and innovation.

Share this article

Follow Marine Energy

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Offshore Energy Exhibition and Conference (OEEC) 2019

Offshore Energy Exhibition and Conference (OEEC) is where the energy transition takes place. It is Europe’s leading gathering of the entire offshore energy industry and your opportunity to network with highly qualified experts and professionals across global markets.

For more than 12 years OEEC is unique in bringing together the offshore energy industry sectors oil & gas, offshore wind and marine energy. More than 550 exhibitors from around the world present their newest services, projects and innovative products. On top of this OEEC presents international trade missions, pavilions, exclusive network lounges of the OEEC member club, the Startup Zone, matchmaking areas, the Stage and networking drinks. Approximately 12,000 professionals will visit the exhibition, take part in strategic discussions, immersive technical conference sessions focusing on the future and technical developments in the industry. Three days of networking and together shaping the future of energy.

So the question is not if but how you will be participating at Offshore Energy 2019.

More info

read more >

The International Tidal Energy Summit 2019

The 2019 International Tidal Energy Summit will bring together 120 dedicated tidal energy leaders.

read more >