Proposed Markets

OCEES primary market focus is to design, build, own, and operate land ​or ocean-based OTEC and SWAC/LSC systems for U.S. and ​international governments and private organizations.

As a recipient of U.S. Small Business Innovation Research (SBIR) ​credentials, OCEES has unrivaled expertise in understanding the ​markets for its technologies. 

The OTEC market is enormous. As the International Renewable Energy Agency (IRENA) stated in their 2014 report:

With an estimated 300 exajoules (EJ) per year or 90% of the global ocean energy potential, OTEC has the largest potential of the different ocean energy technologies (Lewis, et al., 2011). Extracting this energy would have no impact on the ocean’s thermal structure. The total estimated available resource for OTEC could be up to 30 terawatt (TW) and deployments up to 7 TW would have little effect on the oceanic temperature fields (Rajagopalan and Nihous, 2013).

The IRENA report and other organizations have stated:

At least 98 nations and territories have been identified with access to OTEC thermal resources within their 200 nautical mile exclusive economic zone. This includes U.S. Department of Defense military bases in the Pacific Rim. The African and Indian coast, the tropical west and south-eastern coasts of the Americas, and many Caribbean andPacific islands have sea surface temperature of 25°C to 30°C (Vega 2012). More specifically, most Caribbean, and Pacific countries have the required temperature degrees between 1-10 km of their coastline. Similarly, many African countries have viable OTEC resources within less than 25 km of their coastline (NREL 2004) and a recent potential study identified high potential for OTEC at specific locations in Mozambique, Comoros, Réunion, and Mauritius (Hammer, et al. 2012).

Many countries around the world require clean and lower-cost sources of electricity and ​the availability of desalinated water. OCEES can provide much relief through the deployment of OTEC systems.

Global commercialization of OTEC will be achievable following a Power Purchase Agreement (PPA) to purchase energy and water from an OTEC system of about 15MW in size (or greater), designed, built, owned, and operated by OCEES.