Ocean Thermal Energy Corp (OTCQB:CPWR)

0.18
Delayed Data
As of May 23
 +0.0091 / +5.32%
Today’s Change
0.08
Today|||52-Week Range
12.25
-43.75%
Year-to-Date
SECTOR
Utilities
INDUSTRY
Electric Utilities
MARKET CAP
$22.1M

Company Description

Ocean Thermal Energy Corp. is a project developer in the renewable electricity and potable water business. The company designs Ocean Thermal Electrical Conversion (OTEC) power plants and Seawater Air Conditioning (SWAC) plants. These technologies provide clean drinking water, plentiful food, and sustainable, affordable energy. OTEC plants leverage the temperature difference in the ocean between cold deep water and warm surface water in the tropics and subtropics to generate unlimited energy without the use of fossil fuels. Some of the seawater running through the plants can be desalinated, producing thousands of cubic meters of fresh water daily for agriculture and human consumption. The cold, nutrient-rich seawater can be used to cool buildings for fish farming and aquaculture. SWAC systems produce air conditioning without the use of chemical agents. This technology uses less fresh water and reduces environmental impact when compared to traditional air conditioning methods. The company was founded on October 18, 2010 and is headquartered in Lancaster, PA.

Contact Information

Ocean Thermal Energy Corp.
800 South Queen Street
Lancaster Pennsylvania 17603
P:(717) 299-1344
Investor Relations:

Employees

Shareholders

Individual stakeholders0.10%
Mutual fund holders--
Other institutional--

Top Executives

Jeremy P. FeakinsChairman, CEO, CFO, Secretary & Treasurer
Becky Wink CooperMarketing Director
Ronald E. FinkController
Matt FreyManager-Investor Relations
Gerald S. KoenigGeneral Counsel & Head-Government Affairs