Recent progress in the economics of ocean thermal energy conversion: Critical review and research agenda

Ocean thermal energy conversion (OTEC) is a Renewable Energy Technology (RET) with a global theoretical potential of up to 30 TW. However, OTEC's economic potential is unknown as it is still an immature technology with no commercial plant operating. This paper reviews recent academic and industrial literature since 2005 to provide an overview...

The global techno-economic potential of floating, closed-cycle ocean thermal energy conversion

Ocean Thermal Energy Conversion (OTEC) is an emerging renewable energy technology using the ocean’s heat to produce electricity. Given its early development stage, OTEC’s economics are still uncertain and there is no global assessment of its economic potential, yet. Here, we present the model pyOTEC that designs OTEC plants for best economic...

The technical and economic potential of renewables in Indonesia and scenarios for power system decarbonisation

Indonesia has been dependent on its abundant coal reserves to meet its increasing electricity demand. The Indonesian government is aware of the negative environmental effects of coal combustion and pledged to become carbon neutral by 2060 or earlier by transitioning towards renewables. In principle, it is known that Indonesia has large renewable...