SOURCE: DCO Energy

March 14, 2012 09:30 ET

"Cool" Technology to Cool New Caribbean Resort

MAYS LANDING, NJ--(Marketwire - Mar 14, 2012) - DCO Energy, LLC (www.dcoenergy.com) is proud to announce that the company will serve as the EPC (Engineering, Procurement, Construction) Contractor of an innovative new technology to cool the new Baha Mar Resort, located in Nassau, Bahamas.

The Resort's air conditioning needs will be serviced through the world's first Seawater Cooling District (SDC) System, supplying chilled water from a depth of over 3600 feet in the open Atlantic Ocean, off of the New Providence Island Oceanic Shelf. This $100 million system will save up to 90% of the energy costs of utilizing traditional energy supply to cool the property, with major environmental benefits as well, including using no refrigerants, and reducing energy consumption by roughly 25,000 tons of Carbon Dioxide emissions a year.

DCO and Ocean Thermal Energy Corporation (OTE) of Lancaster, PA are teamed up on a number of projects to use this technology for cooling and power generation without the use of fossil fuels.

"This project is groundbreaking for a number of reasons, from a system standpoint, an environmental standpoint, an economic standpoint and we would like to thank Ocean Thermal Energy Corporation and Baha Mar Resort for this opportunity" said Frank DiCola, President and CEO of DCO Energy. "DCO Energy, with myriad projects in the US and abroad, is truly an international leader in clean energy solutions."

"Our choice of DCO Energy as the EPC Contractor to this project was made that much easier because of their experience in offering proven solutions to renewable energy and energy saving design and construction projects, " said Jeremy P. Feakins, Chairman of the Board and CEO of OTE. "DCO Energy has been a great partner to work with."

About DCO Energy:

DCO Energy is a leader in the clean energy movement. DCO Energy's mission is laser-focused to develop Central Utility Facilities, Cogeneration, and Distributed Generation Plants for the purpose of allowing our customers to receive the lowest possible energy cost with the highest energy efficiency possible. DCO offers the flexibility of structuring the transaction as a design, develop, build, own and operate [off-balance sheet] or a design, develop, build and transfer. DCO has been working on clean energy -- cogeneration/combined heat and power projects for two decades. Please visit www.dcoenergy.com for more information.

Contact Information

  • DCO Energy
    Communication Department
    609-837-8000