Global OTEC

📍 United Kingdom🗓 Founded 2017👥 12 employees💰 Last funded Feb 2022
Renewable Energy Semiconductor Manufacturing🌐 globalOTEC.co
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Global OTEC has designed a floating platform capable of converting solar heat energy stored in the oceans into renewable baseload power. Fossil fuels dominate across tropical islands, driving GHG emissions and socio-economic weaknesses. They lack the space - or resource - for conventional renewables such as solar, wind and hydro to provide baseload power. Their reliance on imported fuels creates volatility, trade imbalances, FX shortages and macroeconomic weakness. Small Island EEZs represent 30% of all ocean & seas; 28 times greater than their land space. Tropical oceans absorb the solar energy-equivalent to 170bn barrels of oil per day. This can be harnessed using a well-known thermodynamic cycle. The cycle uses the temperature difference between warm surface seawater and cold deep seawater to repeatedly evaporate and condense a working fluid. The vapour produced runs a turbine which produces electricity. GOR has designed the first cost-effective system to supply to a market with an urgent need for alternative renewables. The power plant is contained in an innovative floating system, capable of conveying the cold and warm water, whilst also maintaining stability in the marine environment.
2
Total investors
0
Early stage
2
Mid stage
0
Late stage
2017
Founded

Investors

2 investors
All
Early stage
Mid stage
Late stage
Investor geography1 country
United Kingdom
2
Frequently asked questions
Who invested in Global OTEC?
Global OTEC has 2 investors on record on gritt.io, 2 mid-stage.
When did Global OTEC last raise funding?
The most recent investment in Global OTEC recorded on gritt.io was in February 2022.
When was Global OTEC founded?
Global OTEC was founded in 2017.
What industry is Global OTEC in?
Global OTEC operates in Renewable Energy Semiconductor Manufacturing. Find similar Renewable Energy Semiconductor Manufacturing investors on gritt.io.
Where is Global OTEC based?
Global OTEC is headquartered in United Kingdom.