Heat from the oceans could be used to power holiday resorts, coastal towns and eventually countries using offshore barges that harvest thermal energy.
Global OTEC Resources, a marine energy startup from Cornwall has been given a £140,000 EU grant to build a prototype of their invention.
It pulls deep freezing water from the ocean to the much warmer surface and the difference in temperature drives a turbine that generates electricity.
The initial prototype will be able to generate one megawatt of power and unlike wind and solar power can run 24 hours a day, according to the company.
This could help reduce the demand for fossil fuels from ‘off grid’ islands in warmer climates and even power whole small nation states, said CEO Dan Grech.
Founders Dan Grech and Hayden Ashfield are in talks with the Maldives government and resorts on the island about supplying power after the trial.
Currently 96 per cent of the energy produces in the Maldives comes from fossil fuels with just 4 per cent from renewable sources such as wind and solar power.
The UK firm say the barges could initially be deployed to seven Maldivian island resorts to replace diesel generators.
‘We are convinced of the viability of OTEC in the Maldives’, said Ibrahim Nashid, Chairman of Renewable Energy Maldives.
‘OTEC is the ideal energy solution that can provide base load energy and fresh water through the year in the Maldives.’
The heat extraction technology behind the barge was first developed in the 1880s by French scientists Jacques D’Arsonval but was perfected through the 1970s and 80s.
It is called Ocean Thermal Energy Conversion (OTEC) and the big innovation by Global Resources is to put it on a floating barge.
The barge pulls freezing water from a depth of 3,200ft using a cold water pipe and combine it with the hot surface water to drive a turbine that produces electricity.
‘These islands no longer have to depend on costly diesel imports to provide their energy’, said Mr Grech.
‘We are round the corner from a massively empowering renewable energy revolution and we are excited that the Maldives wants to pioneer this with us’.
They are starting their trial in the Maldives as it is the ‘perfect location’ due to sitting on an ancient underwater volcano, benign weather year round and a large tourist economy.
‘These three points mean that we can lower our costs much quicker than starting anywhere else in the world’, said Mr Grech.
‘Our first floating prototype for the Maldives will take 18 months to complete the design and build.
‘We are currently in the capital Male’ in negotiations with various parties about the final locations It has sparked a bit of a bidding war because lots of islands are keen to be the first to be powered by the ocean!’
Global Resources say it has much greater environmental advantages than fossil fuels or nuclear power and is completely renewable.
Associated Newspapers Ltd