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Recent efforts have shown a widespread interest in reviving OTEC, but remain subject to formidable funding hurdles.

Accordingly, a number of partnerships were established in recent years that seek to leverage the necessary technical and financial means to build OTEC pilot plants.

Xenesys Inc. of Japan and Pacific Petroleum Company formed a joint venture for the industrialization and commercialization of OTEC in French Polynesia.

A consortium of French industrial and public partners launched the initiative IPANEMA aimed at facilitating the emergence of marine renewable energy technologies.

Lockheed-Martin (LM) and the Taiwan Industrial Technology Research Institute (ITRI) pledged to collaborate on a 10 MW plant project in Hawaii.

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