The overall objective of the project is to design and simulate an OTEC (Ocean Thermal Energy Conversion) platform capable of withstanding the extreme weather effects of tropical oceans, with a viable cost model, validated by a scaled demonstration of a structure. By doing so, key technical and economic barriers to mass OTEC deployment can be overcome. These developments in offshore design, improved materials and computational modelling may also be transferable to other offshore industries where affordable, reliable power is required, such as green ammonia production or aquaculture. The consortium will undertake a series of computer simulations concluding with a physical deployment at the PLOCAN test facility in Gran Canaria in 2024.
PLOTEC is funded by the EU's key funding programme for research and innovation, Horizon Europe, and UK Research and Innovation (UKRI) in the amount of € 3.5 million. The project will demonstrate pan-European leadership in sustainable, and competitive energy solutions, through the novel utilisation of materials, new designs for OTEC, and advanced modelling technologies demonstrating efficiency gains through a drop in Levelised Cost of Energy (LCOE). The project will also engage with SIDS leaders and policy-makers to set foundations for future capacity-building.