OTE adds new advisory board member
Ocean Thermal Energy Corporation (OTE) has appointed William S. Joyce to its board of advisors.
Joyce, also known as Lanny, is the Director of Utilities and Energy Management in the Energy and Sustainability Department at Cornell University in New York.
Lanny has over 30 years of experience in district energy, utility systems, district cooling, deep water cooling, combined heat and power, and commercial and industrial refrigeration.
He has a Bachelor of Science in Mechanical and Aerospace Engineering from Cornell, and is also a member of the International District Energy Association (IDEA), Association of Heating, Refrigerating, and Air Conditioning Engineers (ASHRAE), the American Society of Mechanical Engineers (ASME), and the Association of Energy Engineers (AEE).
Jeremy P. Feakins, Chairman and CEO of OTE, said: “We are very pleased to welcome Lanny to our advisory board. Our company will benefit greatly from his expertise and practical knowledge of district cooling and energy systems based on innovative deep water technology.”
Lanny added: “I look forward to using my expertise to assist OTE in its quest to create truly exceptional systems around the world. I believe strongly that innovative highly efficient energy systems and aggressive conservation are required to reduce global climate impacts.”
OTE is a Pennsylvania-based company that designs and develops deep-water hydrothermal clean-energy systems which include producing fossil-fuel free electricity through ocean thermal energy conversion (OTEC) and environmentally friendly cooling though seawater air conditioning (SWAC).
The company currently has eight OTEC/SWAC projects in the proposals stage. Subject to the timely execution of these projects, OTE expects to generate revenue of close to $850 million during the next five years, and roughly $5.1 billion over the lifetime of these contracts, according to the report by StockWatchIndex.