Speakers provide sneak peak ahead of forum
NG Business Editor
Published: Nov 02, 2011
High-profile speakers are gearing up to deliver unique energy solutions this coming weekend, with the Energy Efficiency Forum and Exhibition in Nassau promising to bring together more than 20 presenters and an equal number of exhibitions.
Ocean Thermal Energy Corporation (OTEC) is perhaps one of the more well-known U.S. companies attending the forum.
Over the last couple of months, Guardian Business has reported two landmark deals for OTEC - the signing of a memorandum of understanding with the Bahamas Electricity Corporation, and a partnership with Baha Mar to deliver the mega-project’s air conditioning.
Jeremy Feakins, the CEO of OTEC, will be sending the company’s head engineer, Dr Stephen Oney, to Nassau to discuss what it can offer hotels and business in The Bahamas.
“We will be discussing sea water district cooling, how it is both environmentally friend and saves money,” he explained.
“Were invited to discuss the concept. It uses up to 90 percent less electricity than conventional sources. Given a lot of hotels are close to the beach, there may be opportunities for some of these establishments to use it.”
In line with OTEC’s expansion plans, Feakins told Guardian Business that Oney is arriving in Nassau with an eye for more opportunities.
He pointed out that OTEC’s plans to release its first initial public offering (IPO) in the new year is intended to raise capital to support it’s global expansion. The funding for its current projects, he said, has already been established.
Another presenter at the conference is James Malcolm, the marketing director for Lindroth Development Company.
As the face of Schooner Bay, the rising multi-million-dollar community in Abaco, his presentation will address innovative ways to use the natural environment to achieve profitable and successful development.
Yesterday, Guardian Business revealed a new report detailing Schooner Bay’s $332.8 million savings through its “ecological dividend”, as coined by the top developer on the project, Orjan Lindroth.
The thrust of Malcolm’s talk will be how to build in The Bahamas “without destroying the environment”.
“They asked me to speak about green building technologies,” he said.
“You can speak about it all day without scratching the surface. But basically I’ll be talking about how to use ecology as it relates to development. I will highlight the importance of bringing in green techniques right at the beginning, at the planning and design stage.”
Drawing on the Schooner Bay project as an example, Malcolm will review the history of the development and where it’s going.
He will also draw on several intriguing specifics, such as the project’s innovative use of geo-thermal air conditioning for homes and businesses. The system, pumping cold salt water from 400 feet underground, goes through a closed loop through houses.
When the water becomes warm, it is sent back underground.
Another new feature at Schooner is the natural cistern created by the development.
As The Bahamas continues to experience a great deal of rain over the past few days, the cistern, Malcolm said, has accumulated 9,000 gallons of rainwater.
The project intends on using this resource for agriculture and landscaping.
Malcolm and Oney will be on hand on Nov. 4 and Nov. 5 at the Wyndham Nassau Resort, providing an opportunity for attendees to learn and meet specialists in the energy efficiency and substantiability field.
Nov. 4 will be tailored to business, whereas the next day focuses on residents and businesses.
The event is sponsored by the Bahamas Chamber of Commerce and Employers Confederation, the Bahamas Hotel Association and the Bahamas Home & Builders Show.
The Ministry of the Environment, the U.S. Embassy, the Inter-American Development Bank and the Bahamian Contractors Association are all taking part and lending support.