OUR POWER
Renewable baseload energy
and clean water for tropical and sub-tropical
regions of the world.
OUR TEAM
Leaders in business, energy
science, finance, and development.
OUR VISION
To build, own and operate
sustainable fossil-fuel-free renewable energy
and clean water systems.
IN THE OCEAN THERMAL ENERGY CORPORATION YOU BEGIN TO UNDERSTAND THE POSSIBILITY OF A SUSTAINABLE PLANET.
Our bond with water is very strong and we understand this element extremely well. The Ocean Thermal Energy Corporation (OTE) traces its roots to 1998 researching and developing the technologies known as Ocean Thermal Energy Conversion (OTEC) and Seawater/Lake Water Source Conditioning (SWAC/LSC).
Today, we are in a prime position to produce commercially viable, renewable energy and potable water from our seas, with a thoroughly modern solution that respects the balanced equilibrium of the planet.
Managing this balance is not just a feat of the imagination. The OTE Corporation is a prescient example, whose engineers participated in designing and building an OTEC plant that is capable of producing electricity 24/7/365 without the use of fossil fuels as well as producing water for drinking, food production, and economic development.
A gift cannot be measured by price but good science is immeasurably valuable and far-reaching.
OTE technology has been well established and proven at research and development facilities in Hawaii, South Korea, and Japan. The management team has formalized several pipeline projects, and submitted renewable energy feasibility studies, as well as designs and proposals for the Legislature of the U.S. Virgin Islands, the United States Department of Agriculture (USDA) as well as the United States Department of Defense (USDoD).
Ocean Thermal Energy Corporation (OTEC) technology can support the mission of the US Government by providing base-load energy and fresh water to remote military bases and US Territories.
Most island nations in tropical and sub-tropical regions of the world currently depend on fossil-fueled generators for virtually all of their electric power supply. In contrast, OTEC provides carbon-free, baseload power (24/7 constant power production) as opposed to intermittent power from wind or solar. In this sense, OTEC is the only renewable power source upon which island nations in particular rely for constant power and water.
Modern science confronting new areas of development and discovery.
OTEC’s comprehensive plans for the future include building platform-based OTEC systems that will be towed to their destinations. A radical, evolutive aspect of OTEC technology which continues to respect the natural science of the planet, wherever it appears.
OUR POWER
OUR TEAM
VALUE PROPOSITION
Company Timeline and Milestones
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