Ocane Ltd utilizes ocean cooling technology to convert thermal energy into hydrogen, addressing the need for sustainable energy sources. By harnessing the vast potential of ocean temperatures, the company aims to produce hydrogen efficiently, contributing to the reduction of carbon emissions in energy production.
Funding
Funding not disclosed
Founders
Product
Problem
The aviation industry requires sustainable fuel alternatives to reduce its carbon footprint and reliance on fossil fuels. Existing biofuel production methods often compete with food crops for land and resources, while synthetic fuel production can be energy-intensive and costly.
Solution
Ocane leverages ocean thermal energy conversion (OTEC) to produce sustainable aviation fuel (SAF). The company uses the temperature difference between warm surface seawater and cold deep seawater to drive a process that extracts hydrogen from water molecules. This hydrogen is then combined with captured carbon dioxide to synthesize jet fuel, offering a carbon-neutral alternative to traditional kerosene-based fuels. By utilizing the ocean as a resource, Ocane avoids land-use conflicts and reduces the energy intensity associated with conventional synthetic fuel production.
Target Audience
The primary target audience includes airlines, aviation fuel suppliers, and governments seeking to reduce carbon emissions in the aviation sector.
Features
- Ocean Thermal Energy Conversion (OTEC) process for hydrogen extraction
- Carbon capture technology to source carbon dioxide for fuel synthesis
- Production of sustainable aviation fuel (SAF) that meets industry standards
- Closed-loop system that minimizes environmental impact