Sea Solar Power uses the basic technology known as Ocean Thermal Energy Conversion (OTEC) or more simply, Ocean Thermal Energy (OTE). OTE is how electricity is generated from the solar energy absorbed and stored in the tropical oceans. Sea Solar Power, Inc., through private funding from stockholders and the Abell Foundation, has continued to develop and test the key elements of a Rankine cycle OTEC plant. These are the vapor turbines, water pumps, heat exchangers, cold water pipe, vacuum pump, and integrated floating structure. Excellent progress has been made.