0.00
-41.30%
Close of 5 Nov 2026, in USD
About Ocean Thermal Energy
From its filings with the US Securities and Exchange Commission
Ocean Thermal Energy is based in Philadelphia, Pennsylvania and is incorporated in Nevada. Its shares trade on OTC under the ticker CPWR. The SEC classifies its business as electric & other services combined. In the fiscal year to 31 December 2025, it reported revenue of $3.0m and a net loss of $69.3m. At that date it held total assets of $1.5m and shareholders' equity of −$113.4m.
We develop projects for renewable power generation, desalinated water production, and air conditioning using proprietary intellectual property designed and developed by our own oceanographers, engineers, and marine scientists. Plants using our technologies are designed to extract energy from the temperature difference between warm surface ocean water and cold deep seawater at a depth of approximately 3,000 feet. We believe these technologies provide practical solutions to the fundamental human needs for sustainable, affordable energy; desalinated water for domestic, agricultural, and aquaculture uses; and cooling, all without the use of fossil fuels.
Ocean Thermal Energy Conversion, known in the industry as “OTEC,” power plants are designed to produce electricity. In addition, some of the seawater running through an OTEC plant can be desalinated efficiently, producing fresh water for agriculture and human consumption.
Seawater Air Conditioning, known in the industry as SWAC, plants are designed to use cold water from ocean depths to provide air conditioning for large commercial buildings or other facilities. This same technology can also use deep cold water from lakes, known as Lake Source Cooling or LSC.
Quoted from its 10-K, filed 24 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- N/A
- Industry
- N/A
- Listed since
- 27 Oct 2006
- Employees
- 3
- Website
- otecorporation.com ↗
- Head office
- 3675 MARKET STREET, PHILADELPHIA, PA, 19104
- Incorporated in
- NV
- Classification
- Electric & Other Services Combined
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Lt. Col. (Retd.) Bob GriffinChief Operations Officer
- Jeremy FeakinsDirector
- Ms. Antoinette HempsteadDirector
- Peter WolfsonDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Innovative Technology: Ocean Thermal Energy Corp (OTEC) possesses advanced and unique technology for generating electricity using ocean thermal energy.
- Sustainable Energy Source: OTEC harnesses the temperature difference between warm surface seawater and cold deep seawater, offering a renewable and clean energy alternative without generating greenhouse gas emissions.
- Abundant Energy Potential: OTEC has access to vast and almost limitless amounts of ocean thermal energy, making it a potentially abundant resource for generating electricity.
- Long-Term Cost Benefits: OTEC systems have the advantage of predictable and stable energy costs over the long term, as the primary fuel (ocean water) is free and independent of volatile fossil fuel markets.
Weaknesses
- High Initial Investment: OTEC projects require significant upfront investments for research, design, and construction of facilities, which may pose financial challenges.
- Limited Commercial Deployment: OTEC technology is still in the early stages of commercialization, with only a few small-scale demonstration projects worldwide, limiting its proven track record and scalability.
- Geographic Limitations: OTEC requires suitable geographic locations with specific oceanographic conditions, such as a temperature gradient between surface and deep waters, which restricts its applicability to certain regions.
- Environmental Impact: Despite being a renewable energy source, OTEC operations can potentially impact marine ecosystems through the alteration of water temperatures, noise pollution, and potential release of chemical coolants.
Opportunities
- Growing Demand for Clean Energy: The increasing global focus on sustainable and environmentally friendly energy sources presents a significant opportunity for OTEC to emerge as a viable renewable energy solution.
- Government Incentives and Support: Governments worldwide are incentivizing the development of clean energy technologies through grants, subsidies, and favorable policies, creating an enabling environment for OTEC projects.
- Collaboration and Partnerships: OTEC can benefit from forming strategic partnerships with research institutions, energy companies, and government entities to accelerate technology development, access funding, and expand market reach.
Threats
- Competing Technologies: OTEC faces competition from other renewable energy technologies such as solar, wind, and hydroelectric, which are more established and have larger market shares.
- Regulatory Challenges: The implementation of OTEC projects may face regulatory hurdles and environmental impact assessments, which can cause delays and increase costs.
- Economic Viability: OTEC systems need to demonstrate their economic feasibility and competitiveness compared to conventional fossil fuel-based power generation methods, which can pose a significant challenge.
- Technological Advancements: Rapid advancements in alternative energy technologies may outpace the development or adoption rate of OTEC, potentially reducing its attractiveness and competitiveness in the market.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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