- Tropical and subtropical oceans are the largest collector and storage of solar energy for 24/7 energy supply.
- Full implementation of OTEC in the Island Market and production of green ammonia has potential for abatement of CO₂ emissions up to 1 billion tonnes per year.
- OTEC can play significant role for achieving Global 2050 Net-Zero goal.
Techno-Economic Opportunities
- Surrounded by industry and high population with increasing demand of commodity products and fresh water
- Captured carbon dioxide from coastal industry and utility plants converted to methanol and specialty chemicals with renewable hydrogen
- Green ammonia as hydrogen carrier for marine transportation for the Gulf of Mexico coastal states and Mexico
- Conversion of retired oil platforms in the Gulf of Mexico to OTEC plants
- Ocean temperature has been rising by 0.1oC per decade
- Intensity and frequency of storms have increased
- Emissions of carbon dioxide from coastal industrial and utility plants have intensified