Makai Ocean Engineering Inc. has built an Ocean Thermal Energy Conversion (OTEC) demonstration plant in Hawaii. The project was funded by Makai, Hawaii Natural Energy Institute, and the U.S. Navy and cost about $5 million to build.
Makai has also signed a memorandum of understanding to build a 1 megawatt Ocean Thermal Energy Conversion plant in Japan.
Here is a great video about the Hawaiian demonstration plant and how the technology works:
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.