Ocean Thermal Energy (OTCMKTS:CPWR) is a renewable energy company focused on commercializing ocean thermal energy conversion (OTEC) technology to generate electricity and desalinated water. By harnessing the natural temperature differential between warm surface water and cold deep water, the company’s systems produce clean baseload power without greenhouse gas emissions. Ocean Thermal Energy develops both closed‐cycle and open‐cycle OTEC platforms designed for coastal and island applications.
The company’s core offerings include the engineering, procurement and construction of offshore OTEC facilities, as well as licensing of proprietary heat‐exchange modules optimized for tropical maritime environments. In addition to power generation, Ocean Thermal Energy integrates byproduct processes such as seawater air conditioning and nutrient extraction for aquaculture, enhancing the economic viability of its projects. Its in‐house research team continuously refines turbine designs and corrosion‐resistant materials to improve long‐term plant performance.
Since its founding in the early 2000s, Ocean Thermal Energy has executed pilot and demonstration plants in Hawaii, the Caribbean and French Polynesia, working closely with local utilities and government agencies. The company maintains regional offices in Honolulu and Miami, with research partnerships at several oceanographic institutes. Ongoing feasibility studies are under way for potential deployments in the Maldives and other equatorial regions where consistent temperature gradients support reliable OTEC operation.
Ocean Thermal Energy is led by a senior management team with extensive backgrounds in marine engineering, project finance and environmental policy. Headquartered in Miami, Florida, the company leverages decades of OTEC research to pursue commercial-scale installations aimed at delivering renewable baseload power to remote and island communities worldwide.
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