Yes, sad, considering that the OTEC Act in 1980 suggested that there would be 10,000 MW (10,000,000 kW) of OTEC by 1999. The problem is that the first large OTEC system will cost so much that there is no current financial instrument, nor risk-averse organization, to do so.
some carping. They have a good point, sort of like the $150 billion International Space Station which will not create a successful company when it crashes back to Earth in a few years.
Blue Revolution Hawaii seeks just one percent of that cost, only $1.5 billion, to design, build and operate the Pacific International Ocean Station. All we lack is an enlightened billionaire seeking a grand legacy.