Ocean thermal energy conversion$this->bbcode_second_pass_quote('', 'O')cean Thermal Energy Conversion (OTEC) uses the temperature difference between cooler deep and warmer shallow or surface ocean waters to run a heat engine and produce useful work, usually in the form of electricity. However, the temperature differential is small and this impacts the economic feasibility of ocean thermal energy for electricity generation.
The most commonly used heat cycle for OTEC is the Rankine cycle using a low-pressure turbine. Systems may be either closed-cycle or open-cycle. Closed-cycle engines use working fluids that are typically thought of as refrigerants such as ammonia or R-134a. Open-cycle engines use vapour from the seawater itself as the working fluid.
OTEC can also supply quantities of cold water as a by-product. This can be used for air conditioning and refrigeration and the fertile deep ocean water can feed biological technologies. Another by-product is fresh water distilled from the sea.[1]
Demonstration plants were first constructed in the 1880s and continue to be built, but no large-scale commercial plants are in operation.
Hainan[edit]
On April 13, 2013 Lockheed contracted with the Reignwood Group to build a 10 megawatt plant off the coast of southern China to provide power for a planned resort on Hainan island.[25] A plant of that size would power several thousand homes.[26][27] The Reignwood Group acquired Opus Offshore in 2011 which forms its Reignwood Ocean Engineering division which also is engaged in development of deepwater drilling.[28]
Cost and economics[edit]
For OTEC to be viable as a power source, the technology must have tax and subsidy treatment similar to competing energy sources. Because OTEC systems have not yet been widely deployed, cost estimates are uncertain. One study estimates power generation costs as low as US $0.07 per kilowatt-hour, compared with $0.05 - $0.07 for subsidized wind systems.[34]
Beneficial factors that should be taken into account include OTEC's lack of waste products and fuel consumption, the area in which it is available,[citation needed] (often within 20° of the equator)[35] the geopolitical effects of petroleum dependence, compatibility with alternate forms of ocean power such as wave energy, tidal energy and methane hydrates, and supplemental uses for the seawater.[36]