Lockheed Martin is working with China’s Reignwood Group to formulate an Ocean Thermal Energy Conversion (OTEC) pilot powerhouse from the coast of southern China. A memorandum of agreement between the two companies was signed in Beijing on Saturday.The 10-megawatt offshore plant, for being created by Lockheed Martin, may be the largest OTEC project developed thus far, and will supply power for just a make use of be built by Reignwood Group. In addition, the agreement could lay the foundation to add mass to several additional OTEC power plants ranging in dimensions from 10 to 100 megawatts, Lockheed said inside a statement.
OTEC takes the natural temperature difference based in the ocean in tropical regions and uses it to produce power. Fractional treatments is well-worthy island and coastal communities where energy transportation costs typically make other reasons for power costly.
Unlike other renewable power technologies, such as wind, an OTEC plant provides a consistent degree of power, in spite of environmental conditions.