Our initial target market consists of port authorities, the U.S. Navy, municipalities with seaside ports, and private companies with significant power needs. Port authorities already have vessels to serve as the LPSMs, the land, and the desire to increase their renewable energy portfolio. We’re applying for grants, negotiating with various Northern California port authorities and reaching out to municipalities for letters of interest and demonstration projects.

The problem is that current renewable energy sources cannot replace fossil fuels as a consistent and long-term energy source capable of meeting the world’s growing energy demands. Nuclear and fossil fuel plants provide a consistent load of energy to the grid, so that the end users have 24-hour access. Wind, solar, and other renewable energy solutions provide intermittent spurts of energy to the grid and need to be supplemented by nuclear and fossil fuel powers. Therefore, the construction of new nuclear power plants with their high costs and nuclear waste bi-products remains part of the discussion of how society should meet its growing energy demands.

With the recent landmark agreement between China and the United States to reduce greenhouse gas emissions in China, renewable energy is poised to become mainstream. Emerging markets in Latin America, the Middle East, and Africa show increased investment and development opportunities. While North America faces challenges from a natural gas revolution, and Europe strives to meet 2020 targets, a base load renewable with an LCOD competitive advantage with existing coal and nuclear power generation holds enormous market potential there, and throughout the world.

• Baseload Energy – Cost Competitive with Nuclear and Fossil Fuels
• More Cost Effective than Existing Renewables
• Flexibility (Location and Design)
• Neither Submerged Nor Offshore (Protected Equipment)
• Recycled and Used LPSMs – Greatly Reducing Capital Costs
• Simple Design – Ease of Maintenance

Tidal and wave technologies have focused on harnessing the force of the water while Nautical Torque Technology uses the lifting capacity of water. Coupled with kinetic energy inherent in LPSMs that rise and fall everyday with the incoming and outgoing tide, the lifting capacity of water results in a nearly unlimited input source: Mass. The LPSMs movement is not subject to variable environmental conditions like wind, solar, and wave power. Tides are consistent and predictable, allowing us to develop gearing systems that result in the continuous spinning of a turbine. While tidal versions of Nautical Torque Technology can be considered a “lunar” energy (as the tides come from the pull of the moon), our land-locked micro-dam design uses the same principles, but uses air compression and water fluctuation to lift and lower the LPSM. This holds enormous potential for bulk energy storage and hybrid systems that will allow wind turbines and solar farms to always be on and provide a viable alternative to nuclear and fossil fuel-based power generation.

Tidal technologies have been hampered because most locations are subject to extreme environmental conditions, either on the coasts, in the open ocean, or as a submerged technology. Nautical Torque Technology is neither submerged nor offshore, and our facilities can be placed in existing harbors or ports close to an existing grid system. With our land-locked design, we can situate our facilities in interior areas with or without access to water.

Because we have easy access to our facilities, maintenance and construction costs are greatly lowered. Furthermore, Nautical Torque Technology is a mechanical process with construction and maintenance well within the current capabilities of our mechanical and industrial engineers.

There is little environmental impact with our facilities since we emit no emissions nor invoke any chemical reactions whatsoever. We will be located at existing harbors, ports, and piers already dedicated to shipping and industrial use. We will positively impact the environment by using retired ships and vessels slated for deconstruction, saving on shipping and recycling costs.

Based on our proof of concept, we estimate that one 20,000 ton container ship can generate up to 20 Megawatts of renewable electricity at a cost of approximately $20 million to $40 million dollars. This comes out to between $100 and $200 per MW, which puts Nautical Torque Technology below grid parity.