Death of Board Member and Chief Sustainability Officer Jim Greenberg

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LANCASTER, PA, April 13, 2015 – Ocean Thermal Energy Corporation (OTE) (GXG: OTEC, ISIN: SE0006028023, CUSIP: 675100101), a turnkey supplier of Ocean Thermal Energy Conversion (OTEC) and Seawater Air Conditioning (SWAC) Systems worldwide, is sorry to report the passing of Jim Greenberg, age 54, OTE’s Director, Chief Sustainability Officer, and Investor. Jim passed after a courageous, but short struggle with a particularly aggressive form of cancer.

“Jim has always been trusted and admired as a lawyer, a businessman, and a philanthropist,” said Jeremy Feakins, OTE Chief Executive Officer and Group Chairman. “No words can adequately express our sadness at Jim’s death or our gratitude for the opportunity to work with him and to the work he loved so much. Jim embodied our mission of putting people first and was the most passionate advocate of bringing this life-changing technology to those who need it most. His enthusiasm, humor and kindness will continue to inspire us.”

About Ocean Thermal Energy Corporation

OTE is a Lancaster, Pennsylvania-based Company who designs, builds, owns and operates deep water hydrothermal systems which include: Seawater Air Conditioning (SWAC), Ocean Thermal Energy Conversion (OTEC) and water for drinking, aquaculture and agriculture. OTE’s first multimillion-dollar project is underway in The Bahamas.

OTE brings large-scale multi-applications of green energy and fresh water from the ocean to tropical and subtropical regions where 3 billion people live. Our technology utilizes the natural temperature differential in oceans to generate base-load, 24/7, clean non-polluting electricity, as well as alternative, energy efficient cooling systems and fresh water, the latter of which is essential for the entire world, particularly developing communities. Since the 1970s, OTEC and SWAC systems have been successfully demonstrated and operating in several locations around the world.



Jeremy P. Feakins

Chairman of the Board and Chief Executive Officer

Tel: +1 717 299 1344