Ocean Thermal Energy Corporation (CPWR)
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Ocean Thermal Energy Corporation Profile
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | Mr. Jeremy P. Feakins CEO | OTCQB Exchange | US6751011098 ISIN |
| United States Country | 2 Employees | 28 Mar 2017 Last Dividend | 28 Mar 2017 Last Split | - IPO Date |
Overview
Ocean Thermal Energy Corporation (OTEC) is an innovative company established in 1998 with a focus on renewable energy technologies and sustainable development projects worldwide. Headquartered in Philadelphia, Pennsylvania, OTEC is dedicated to harnessing the power of ocean temperatures for energy generation, water desalination, and eco-friendly air conditioning solutions. The company operates globally, serving commercial properties, utilities, and municipalities with its advanced energy conversion and water production technologies. With a strong emphasis on environmental sustainability and the development of EcoVillages, OTEC is leading the way in creating a more sustainable and equitable future through its strategic partnerships and comprehensive renewable energy solutions.
Products and Services
- Ocean Thermal Energy Conversion (OTEC) Plants
- Seawater and Lake Water Air Conditioning (SWAC and LWAC)
- Desalinated Water Production
- EcoVillages Development
OTEC specializes in the design and development of Ocean Thermal Energy Conversion plants, which utilize the temperature difference between the ocean's warm surface water and cold deep water to generate renewable electricity. These plants represent a sustainable and reliable source of power generation, contributing to the global transition towards renewable energy sources.
The company provides innovative air conditioning solutions for large commercial buildings and other facilities by using seawater or lake water cooling. This technology significantly reduces energy consumption compared to conventional air conditioning systems, offering an eco-friendly alternative for cooling needs.
OTEC's plants are capable of producing fresh and desalinated water suitable for human consumption, agricultural irrigation, mariculture, and aquaculture. This vital service addresses the global challenge of water scarcity, providing a sustainable source of fresh water from the abundant seawater resources.
Expanding its portfolio beyond energy and water solutions, OTEC is involved in the development and commercialization of EcoVillages. These communities are designed to be socially, economically, and ecologically sustainable, showcasing the company's commitment to addressing the multifaceted aspects of sustainable development.
