Ocean Thermal Energy Corp. (CPWR)

[Ocean Power]

THE MAD GENIUS FROM THE BOTTOM OF THE SEA

June 1, 2005

... CHC's success depends on two projects that expand on Craven's ideas: a vineyard in Kona to grow table grapes for local restaurants, and a more complex, much larger-scale version of his oasis, on Saipan. A stable US territory, the island is a booming destination for Japanese tourists. Tokyo is just two and a half hours away by air. And the Marianas offer generous tax deals to Japanese who retire there. But Saipan has a limited supply of freshwater and must import, at great expense, all of its food and oil. On the northern end of the island, CHC plans to sink a 24-inch-diameter pipe and build a hundred-acre development featuring 100 townhouses, a golf course, soccer fields, and even an athletic complex where Japanese sports teams can train. ... Wired

The year was 2010; I found the article while researching what was to become my new tropical home. Fortunately I escaped, just in time, before YuTu struck a devastating blow. OTEC can even neutralize hurricanes, and I look forward to seeing it finally reach fruition, not in Saipan, but rather the Virgin Islands and several other locations now at various stages of development.

OP