OTEC International LLC has been selected to build a 1 MW OTEC at NELHA, Hawaii. The RFI for this went out recently, with a very short deadline, so we were wondering if the choice wasn’t a given from the start. The main investor in OTEC International has also invested in Seasolar Power earlier.
The OTEC demonstration plant is planned to be built on six acres of NELHA’s Hawai’i Ocean Science and Technology (HOST) Park. The demonstration plant will produce net electricity. The cost of the demonstration plant would be 30 million USD, despite negotiations of a lease agreement and terms are ongoing.
Besides that OTEC International is currently negotiating a power purchase agreement with Hawaiian Electric Company for a 100-megawatt (MW) plant.