By Jeremy P. Feakins
Philadelphia, PA, August 20, 2025. For much of the world, the future of renewable energy seems to hinge on wind turbines and solar farms. But for Ocean Thermal Energy Corporation (OTE Corp), the answer lies deep beneath the waves. The company is pioneering a technology that uses the natural temperature differences in the ocean to generate round-the-clock renewable power—while also producing fresh, clean water.
It’s called Ocean Thermal Energy Conversion (OTEC), and it could be a vital resource for island nations, tropical communities, and remote U.S. military bases facing the dual issues of energy security and water scarcity.
A Dual Crisis: Fuel and Freshwater
Many of the world’s island communities rely almost entirely on imported diesel fuel to keep the lights on. Power is expensive, vulnerable to supply chain interruptions, and polluting. Freshwater is no easier to come by—desalination plants often run on the same imported fuels, driving costs higher and leaving communities exposed to both shortages and price volatility.
The lack of reliable power and freshwater not only affects quality of life, it directly impacts economic growth, food security, and public health.
How It Works
The principle is simple but powerful: warm surface seawater and cold deep-ocean water are used to drive a closed-loop system that generates electricity. Unlike solar and wind, OTEC delivers continuous, baseload power 24 hours a day, 7 days a week.
Equally important, the process also yields desalinated freshwater. This dual output—energy and water—makes the technology particularly valuable for regions where both resources are scarce. With OTEC, communities can stabilize energy costs, reduce reliance on fossil fuels, and secure long-term freshwater supplies directly from the ocean.
From Military Bases to Island Nations
OTE Corp has already taken its vision from concept to reality. The company recently secured a $3.5 million U.S. Army contract through Johnson Controls to design an OTEC system for Kwajalein Atoll in the Marshall Islands.
The strategic importance is clear. Remote U.S. bases in the Pacific face serious challenges relying on imported fuel. A locally generated, renewable power source—paired with freshwater production—would make them more resilient and less dependent on vulnerable supply chains.
Discussions are also underway with several utilities in the Caribbean and Pacific regions, as well as other tropical locations, including sites once used as World War II airfields.
Building on Proven Expertise
While OTEC may sound like the stuff of science fiction, it has already been proven. In the 1990s, Dr. Luis Vega—now OTE Corp’s Chief Science Advisor—led the world’s first successful OTEC project at the Natural Energy Laboratory of Hawaii, which produced both electricity and fresh water continuously around the clock.
OTE Corp has assembled an impressive team to build on that foundation:
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Jeremy P. Feakins, a successful entrepreneur and investor.
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Bobbie Griffin, retired USAF Colonel and engineering officer with decades of senior leadership experience in military engineering, energy, and defense programs
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Bill Sheedy PE, U.S. Naval Academy graduate and Navy engineer with a track record in complex DoD projects.
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Makai Ocean Engineering, a Hawaii-based firm with decades of OTEC design experience.
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Buchart Horn, an international engineering company specializing in desalination and wastewater systems.
Looking Ahead: A Global Market
While the U.S. military is a key early customer, the applications for OTEC go far beyond defense. Island utilities, tropical nations, and coastal communities are all potential beneficiaries. OTE Corp plans to modularize OTEC systems, using advanced U.S. manufacturing to make them easier to produce and deploy at scale.
These modular units would act as combined energy-and-water factories—systems that keep the lights on, fill water tanks with clean, safe freshwater, and strengthen local economies, all while reducing environmental impact.
An Opportunity for Investors
Bringing this transformative technology to market requires capital to grow engineering efforts and prepare for larger deployments. The company is open to equity, debt, or hybrid investment structures.
For investors, the appeal extends beyond financial returns. Supporting OTE Corp means directly contributing to energy independence for U.S. bases, economic resilience for island communities, and sustainable futures for developing countries.
Riding the Next Wave of Renewable Energy
For years, wind and solar have dominated the renewable energy conversation. But as global demand for 24/7 clean, reliable baseload power continues to grow, technologies like OTEC may prove just as important—if not more so—in certain regions.
With proven expertise, growing military and commercial interest, and a mission that aligns with some of the world’s most urgent needs, OTE Corp is positioning itself at the crest of a powerful wave. The ocean has always been a source of food and transport; now, it may also become the world’s most consistent source of renewable energy and water.
For further information or to arrange a call or meeting with company executives, please contact:
Jeremy P. Feakins, Chairman and Chief Executive Officer
Ocean Thermal Energy Corporation
3675 Market Street, Suite 200, Philadelphia, Pennsylvania 19104 USA
+1 717 299 1344 (Office) | www.otecorporation.com
