Company Timeline and Milestones

1998
2000 – 2008
2010 – 2012
2013 – 2015
2016 – 2017
2018 – 2021
2022 – 2027

1998

OCEES International is created by Dr. Steve Oney, PhD

2000 – 2008

Awarded SBIR contract by US DoD to design 12.5MW OTEC system

Multiple OTEC research and design projects completed for US DoD, Hawaii Electric, and others

2010 – 2012

JPF Venture Fund invests in OCEES -and formed Ocean Thermal Energy Corporation as holding company

Contract and Mou’s with The Bahamas, US Virgin Islands, and others

Team hired including senior OTEC and power generation professionals

2013 – 2015

US Dept of Agriculture sponsors OTE to conduct a feasibility study to build OTEC plant in Guam

30th Legislature of the USVI votes in favor of OTE conducting an OTEC feasibility study

Further R&D for OTEC technology

2016 – 2017

Public Listing on OTCQB

Hired by Lockheed Martin Corp for US Navy Project

OTEC feasibility study completed and presented to USVI Legislature

OTEC plant approved for USVI by Public Utilities Commission

2018 – 2021

Preliminary designs and plans drafted for Master Community in USVI

Design Team (Studio Sky), hired for USVI project

Discussions boosted with Federal and State organizations to maximize awareness of sustainable energy, cooling and hydrogen production from OTEC

2022 – 2027

Design and build commercial grade OTEC system for US Government

Apply for additional grants from DoE and DoD

Explore contract opportunities with US Government and international customers

Seek State and local funding to support working capital