Financial Tearsheet

Company Overview

Ocean Thermal Energy Corporation creates positive social impact by producing clean, renewable energy, as well as water for drinking, cooling, food production, and economic development.

Ocean Thermal Energy Conversion technology is a proven system that leverages the differences in seawater temperatures at various depths to produce energy -- at large, municipal scale. At the same time, the seawater used can be desalinated to serve as a parallel community resource.

OTE personnel were involved in OTEC research and development at the Natural Energy Laboratory of Hawaii Authority (, where with U.S. Department of Energy support, a land-based OTEC facility was built. This facility operated from 1992-1998 and produced net power, proving that OTEC could provide viable clean energy without the use of fossil fuels. OTE engineers were also part of the team that built ‘Mini-OTEC’, a successful 1 MW floating OTEC system that also operated in Hawaii.

Since 2010, we’ve been focused on building our business. Investment dollars, raised thus far through our loyal and supportive shareholders, have provided us with the resources to recruit and hire great people, build a pipeline full of projects, advance our technology, and create jobs.

As we continue to grow, we will increase our visibility, build liquidity, and create future long term shareholder value.

Recent Financial News

IR Contacts


Becky Cooper
Marketing Director

Stock Performance

Today's Open 0.0510
Volume 29,900
Day Range 0.0510 - 0.0530
52 Week Range 0.0374 - 0.5411
Bid/Ask 0.0510 / 0.0550
Bid/Ask Size 10,000 X 10,000
Previous Close 0.0500
Market Cap 26.74 million
Shares Outstanding 127.36 million
Dividend/Yield 0.0000 / 0.0000%
EPS (TTM) -0.058000
P/E Ratio (TTM) N/A

Recent XBRL Filings

Filing Date Form Type Description View
Nov 13, 2018 10-Q Quarterly report htmlhtml   pdfpdf   xbrlxbrl  
Aug 13, 2018 10-Q Quarterly report htmlhtml   pdfpdf   xbrlxbrl  
May 14, 2018 10-Q Quarterly report htmlhtml   pdfpdf   xbrlxbrl  
Apr 02, 2018 10-K Annual report htmlhtml   pdfpdf   xbrlxbrl  
Nov 14, 2017 10-Q Quarterly report htmlhtml   pdfpdf   xbrlxbrl  

Management Team

Jeremy P. Feakins, Chairman and CEO

Gerald S. Koenig, Esquire, General Counsel, Head of Government Affairs

Stephen K. Oney, PhD, Chief Science Advisor

Frank E. DiCola, P.E., Owners Engineer and Advisor

Heru Ofori-Atta, Senior Vice President of Caribbean Operations

Andy C. Welch, P.E., Vice President of Project Management

Edward M. Baer, Financial Consultant

CB Panchal, Senior Technical Advisor

Ronald E. Fink, Controller

Becky Wink Cooper, Marketing Director

Melanie Roach, MSc, MICE, CEng, P.E., PMP, Vice President of Bahamas Operations

Board of Directors

Jeremy P. Feakins, Chairman and CEO

Peter Wolfson, Director

Antoinette Hempstead, Director