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    Date submitted
  • 18-May-2017

Bluerise

Abstract

Bluerise is a technology provider and project developer for onshore and offshore Ocean Thermal Energy Conversion (OTEC). OTEC is a baseload, renewable energy technology, capable of generating 24 hours a day throughout the year at costs below US$0.05/kWh. It will easily outcompete fossil fuel based generation and other renewables that require storage and grid balancing. OTEC is one of the world’s largest renewable energy resources and is available to over 100 countries.

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Additional Questions

Who is your customer?

Bluerise develops its products and services for tropical islands and coastal regions. These regions with their population centers near the coast do not only have fast growing energy demands, but also the advantage of ideal conditions for deploying Ocean Thermal Energy technologies.

What problem does this idea/product solve or what market need does it serve?

Ocean Thermal Energy, with its low-cost, baseload generation capabilities, its vast potential and the possibility to generate electricity, cooling, drinking water and fuels is one of the most important energy resources available for tropical regions and serves the need for reliable, affordable and sustainable energy.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

Over the last five years, Bluerise has developed cutting edge B-TEC technology and has established itself as a technology leader in the market. Our B-TEC technology outcompetes fossil fuel based generation as a clean, and affordable, baseload renewable energy source. It complements other renewable energy systems, like wind and solar energy that are intermittent and require storage and grid balancing. OTEC is one of the world’s largest renewable energy resources and is available to over 100 countries.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

We provide utility scale electricity generation through our B-TEC technology, a Bluerise developed more efficient Ocean Thermal Energy Conversion (OTEC) cycle. B-TEC powered electricity conversion is made economically competitive even at relatively small scales (<1MW) by combining the main project investments with Seawater District Cooling (SDC) projects. We are able to provide buildings and infrastructure owners in coastal areas, like hotels, resorts, business districts, airports and hospitals, a stable, attractive and sustainable supply of electricity and cooling (A/C). We enable them to operate more efficient, more economical and 100% sustainable, saving op to 90% of the electricity used by conventional cooling systems. Moreover, OTEC could be a source of power for offshore activities, like floating data centers or deep sea operations, and offshore production of energy carriers to be used in transportation sectors or regions inland or beyond the tropical belt.