Global OTEC has been chosen to participate in a new research project under the DeepStar consortium, which is backed by 11 major operators including Chevron, ExxonMobil and bp. The initiative will evaluate the potential of Ocean Thermal Energy Conversion (OTEC) as a renewable baseload power source for deepwater oil and gas operations.
This marks the first time OTEC technology has been included in DeepStar’s portfolio, underscoring its potential role in decarbonizing offshore production. The study will assess the feasibility of using modular OTEC systems to replace traditional offshore power sources such as gas and diesel turbines, with applications ranging from FPSOs to CO₂ injection units.
“Being chosen for a DeepStar project is a huge milestone for us,” said Dan Grech, Founder and CEO of Global OTEC. “It validates OTEC’s potential as a pragmatic solution for offshore decarbonization and gives us a platform to work directly with some of the largest operators in the world.”
The project builds on Global OTEC’s development of its OTEC Power Module®, a skid-based unit designed for modular offshore deployment. By harnessing the ocean’s natural thermal gradient, OTEC offers continuous, low-carbon power uniquely suited to the demands of deepwater oil and gas production.
