Ocean Thermal Energy Corp.

Ocean Thermal Energy Corp.

Ocean Thermal Energy Corp.

Overview
Date Founded

2010

Headquarters

800 SOUTH QUEEN STREET LANCASTER PA 17603

Type of Company

Public

Employees (Worldwide)

5

Industries

Alternative Energy
Power & Utilities

Company Description

Ocean Thermal Energy Corp. is a project developer in the renewable electricity and potable water business. The company designs Ocean Thermal Electrical Conversion (OTEC) power plants and Seawater Air Conditioning (SWAC) plants. These technologies provide clean drinking water, plentiful food, and sustainable, affordable energy. OTEC plants leverage the temperature difference in the ocean between cold deep water and warm surface water in the tropics and subtropics to generate unlimited energy without the use of fossil fuels. Some of the seawater running through the plants can be desalinated, producing thousands of cubic meters of fresh water daily for agriculture and human consumption. The cold, nutrient-rich seawater can be used to cool buildings for fish farming and aquaculture. SWAC systems produce air conditioning without the use of chemical agents. This technology uses less fresh water and reduces environmental impact when compared to traditional air conditioning methods. The company was founded on October 18, 2010 and is headquartered in Lancaster, PA.

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Executives & Employees

Owners Engineer & Advisor

Chairman of the Board, Chief Executive Officer, Chief Financial Officer, Secretary & Treasurer

General Counsel Head of Government Affairs

Chief Science Advisor

Marketing Director

Senior Vice President of Caribbean Operations

Vice President of Bahamas Operations

Vice President of Project Management

Senior Technical Advisor

Financial Consultant

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Ocean Thermal Energy Corp.
Recent Transactions
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Ocean Thermal Energy Corp. raised money in a private placement transaction

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Ocean Thermal Energy Corp. raised money in a private placement transaction

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TetriDyn Solutions, Inc. purchases Ocean Thermal Energy Corp. (Inactive) resulting in a new company Ocean Thermal Energy Corp.

Key Stats and Financials As of 2018
Market Capitalization
$7.31M
Total Enterprise Value
$14.7M
Earnings Per Share
$-0.06
Revenue
$0
Net Profit
$-7.88M
EBITDA
$-3.16M
Total Debt
$6.61M
Total Equity
$-17.8M
TEVNet Income
-1.87x
Debt TEV
0.45x
Three Year Compounded Annual Growth Rate Of Revenue
-100%
Five Year Compounded Annual Growth Rate Of Revenue
-100%
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