OceanBit’s Grid Solution: Demand Response OTEC
Our solution solves OTEC’s commercialization problem
We couple high-density compute with ocean thermal power generation to provide a flexible revenue-generating load bank that dynamically responds to real-time changes.
No uptime curtailment.
No high-cost fossil fuel base load solutions.
No price shocks, and supply chain uncertainty.
This is called Demand Response OTEC (DROTEC).
Mobile power plant
High density compute
Uninterrupted source of energy
Monetizing excess energy
How does Demand Response OTEC work?
In all energy markets across the world, there are peak and non-peak periods: times when customers require 100% of the energy, and other times when this demand decreases.
This poses a significant challenge in commercializing OTEC — ocean thermal energy cannot be turned off, leading to energy wastage when demand is low.
OceanBit’s patented technology addresses this challenge by harnessing this excess energy, overcoming the commercialization challenge OTEC developments have faced previously.
This innovative approach effectively addresses the economic challenges faced by a viable ~10 MW gateway plant. The 50–100 MW scale resolves the issue of customers not needing to continuously purchase the plant’s maximum energy output.
Our solution provides continuous, renewable, clean energy at a fraction of the cost. This integration offers a highly flexible load that can adjust rapidly to complement the buyer’s energy requirements, ensuring the DROTEC plant continuously operates at optimal capacity (100%).
What to do with that excess energy?
Benefits of OceanBit Power
24/7 Flexible Load
Our technology enables Ocean Thermal power plants to deliver responsive, dispatchable power that precisely matches consumer load profiles.
Carbon-Free
Our power generation produces zero greenhouse gases or emissions, helping consumers achieve their renewable energy and sustainability development goals.
Scalable
With our modular concept design we can easily scale installation capacities and expand power plants to meet growing future demands.
Cost-effective
Utilizing innovative vessel designs and the monetization of curtailed power, we offer a more economical solution compared to traditional OTEC systems.
Offshore
Designed specifically for maritime applications, our offshore plants minimize environmental footprint and logistical challenges associated with land-based Ocean Thermal power delivery.
Ancillary services
Our system's flexible design enables us to provide essential grid services like frequency response, voltage control, and black start capabilities.
See our sister company - OceanBit APAC - specifically established to target the unique needs of the Pacific Islands and operating from Australia.