Ocean Thermal Energy Corp

Ocean Thermal Energy Corporation designs renewable energy systems that utilize water temperature differences. Its core offerings include Ocean Thermal Energy Conversion (OTEC), Seawater Air Conditioning (SWAC), and Lake Source Cooling (LSC) systems, which provide base-load electricity, energy-efficient cooling, and desalinated fresh water. The systems also support secondary applications such as commercial bottled water and aquaculture. The company targets large institutional clients, including utilities, national governments, municipalities, resorts, hospitals, and educational facilities, alongside agencies such as the United States Department of Defense and Department of Agriculture.

The company operates without any completed commercial installations to date, though it has project designs in development in the South Pacific as well as planning initiatives involving Indian and French entities. Its addressable market comprises tropical and subtropical zones across 68 countries and 29 territories for OTEC, along with worldwide locations for SWAC and LSC systems. Ocean Thermal Energy Corporation maintains its principal executive offices in Philadelphia, Pennsylvania, and operates an additional office in Lancaster, Pennsylvania.

Summary of the business section of Ocean Thermal Energy's latest annual report, written by StockData.

“We currently have two full-time employees, one officer and one Engineering Program Manager.”