Ocean Thermal Energy

Ocean Thermal Energy Corp. engages in the building, owning, and operation of renewable energy systems. The company is headquartered in Philadelphia, Pennsylvania and currently employs 2 full-time employees. The company went IPO on 2006-10-27. Its geographical markets are tropical and subtropical regions of the world for OTEC, SWAC, and LSC, and worldwide markets for SWAC and LSC. The company intends to develop projects for renewable power generation, desalinated water production, and air conditioning using its proprietary technologies designed to extract energy from the temperature differences between warm surface water and cold deep water. Its projects provide ancillary products such as potable/bottled water and aquaculture, mariculture, and agriculture opportunities. The company is developing a project in the South Pacific under a contract with the United States Department of Defense. Its project pipeline includes commercial engagements in the Caribbean and Southeast Asia, including India and Indonesia.