Ocean Technology & Energy Corporation

History

They began as a group of at-sea drilling companies that were bought out by billionaire Damon Russell with the intent that at-sea colonization would start with the ownership of the ocean's vast energy resources. As early as 1993 Russell began aquaculture and nautitech on an immense scale and introduced processed krill to the diet of millions worldwide. His attempts at generically engineering sea plant and animal life resulted in the creation of new foods and other organic products for consumption. Their greatest creation is the floating synthetic plastic known as Crypropalan. Made from the remains of genetically engineered microfauna, it is what many of the floating cities rest on. Strong, incredibly bouyant, light, and derived from a renewable natural source, it was a breakthrough in construction science.
In 1996, Russell's scientists perfected their tidal energy converters and thermal variance converters and began beaming energy from purchased old "Star Wars" laser satellites from the financially-strapped US to the power hungry masses in major cities of the world. Damon Russel was killed in an extraction attempt in 2006, when Sean Lowell, head of Unified Oceans Science (UOS), OTEC's largest rival, attempted a hostile takeover. Amada Russell, Damon's wife, has run the company since his death and expanded OTEC's earnings by thirty percent in seven years.
Since then, OTEC has been the undisputed leader in ocean technological advances and continues to rule the seas. They have been under media assault in recent years due to the fact that they have attempted to nationalize their floating islands and stations. This would give them more claim to the surrounding resources than they already have.
The corporation has, however, been a significant source of food, plastics, petroleum products, liquid hydrogen production, stress science technology (which gets used in space exploration as well as underwater colonization, genetic engineering, and motion energy sciences. Space exploration and colonization is their next field of endeavour and they are currently seeking an energy source with greater energy return per round than fusion.

Type

Megacorporation