Governor Edward G. Rendell brings years of experience and expertise to OTE Corporation’s advisory board
Lancaster, PA, USA – October 11, 2011 – Ocean Thermal Energy Corporation (OTE Corporation) today announced the appointment of a distinguished public servant to its Advisory Board: Governor Edward G. Rendell. “Our Company is delighted to be able to draw upon the tremendous experience and varied expertise of this visionaries, who has shown commitment to the general public welfare,” said Jeremy P. Feakins, Chairman of the Board and Chief Executive Officer at OTE Corporation. “His willingness to lend his support to OTE Corporation’s goal of bringing clean energy and fresh drinking water across the globe reflects the depth of that commitment.”
As Governor of Pennsylvania from 2003-2011, Ed Rendell served two terms as chief executive of the nation’s 6th-most-populous state and oversaw a $28.3 billion budget. Committed to make government more responsible to the public and more responsive to the public’s needs, Governor Rendell cut wasteful spending, improved efficiency to save more than $1 billion, and pursued a legislative agenda that included commonsense political reforms to put progress ahead of partisanship. As a long-time supporter of renewable energy, Governor Rendell understands that the development of clean energy alternatives enhances environmental stewardship and promotes substantial job creation along with economic development. “I am pleased to lend my advice and strong support to a company with such great potential for extensive job creation and stimulation of our economy,” said the Governor.
Governor Rendell will offer his considerable expertise and talents to support OTE Corporation in its immediate commercialization of Ocean Thermal Energy Conversion (OTEC) and the globalization of this competitively priced renewable energy resource. The core mission of OTE Corporation is to bring the clean baseload (24/7) electricity of OTEC and fresh water production to the nearly 100 tropical regions around the world where land-based commercial OTEC power plants are now an economically viable solution.
About OTE Corporation
Based on its proprietary power plant designs, OTE Corporation offers a range of innovative products and services. The Company’s multidisciplinary team of experienced corporate executives, scientists and ocean engineers, together with strong strategic corporate alliances, enables it to provide solutions to address today’s toughest energy, resource and environmental problems.