Ocean Thermal Energy
OTC: CPWRPhiladelphia, US · Founded 2010 · Nevada corporation
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Ocean Thermal Energy Corporation develops OTEC (Ocean Thermal Energy Conversion) power plants and seawater district cooling systems that use the ocean's natural temperature gradient to produce continuous renewable electricity, potable water, and deep-sea air conditioning. The company targets tropical islands, coastal regions, and remote military installations as part of a broader offshore infrastructure platform spanning power, desalination, cooling, food production, and future AI/data-center applications.
Founders & leadership

Board
Reported raises · per SEC filings
Form D private placements$1.5M disclosed across 5 rounds · 2012–2026
▶$20KraisedJul 2026 · 2 investors · Other EnergyRule 506(b)
- Jeremy FeakinsDirector, Executive Officer
- Offering amount
- $1M
- Amount sold
- $20K
- Minimum investment
- $10K
- First sale
- Jul 2026
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
▶$480KraisedJan 2018 · 7 investors · Other EnergyRule 506(b)
- PETER H. WOLFSONDirector
- ANTOINETTE K. HEMPSTEADDirector
- JEREMY P. FEAKINSExecutive Officer, Director
- Offering amount
- $1M
- Amount sold
- $480K
- First sale
- Dec 2017
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
▶$685.7KraisedJan 2018 · 1 investors · Other EnergyRule 506(b)
- JEREMY P. FEAKINSExecutive Officer, Director
- ANTOINETTE K. HEMPSTEADDirector
- PETER H. WOLFSONDirector
- Offering amount
- $685.7K
- Amount sold
- $685.7K
- First sale
- Dec 2017
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
▶$86.7KraisedMay 2014 · 4 investors · Other EnergyRule 506(b)
- James D. GreenbergExecutive Officer, Director
- Jeremy P. FeakinsExecutive Officer, Director
- Frank DiColaDirector
- Gerald S. KoenigExecutive Officer
- Offering amount
- $7.7M
- Amount sold
- $86.7K
- Minimum investment
- $5K
- First sale
- Mar 2014
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$250KraisedMar 2012 · 4 investors · Other EnergyRule 506(b)
- Jeremy P. FeakinsExecutive Officer
- Offering amount
- $3M
- Amount sold
- $250K
- Minimum investment
- $25K
- First sale
- Mar 2012
- Incorporated
- Corporation, Delaware, 2010
- Federal exemptions
- 06
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does Ocean Thermal Energy do?
- Ocean Thermal Energy Corporation develops OTEC (Ocean Thermal Energy Conversion) power plants and seawater district cooling systems that use the ocean's natural temperature gradient to produce continuous renewable electricity, potable water, and deep-sea air conditioning. The company targets tropical islands, coastal regions, and remote military installations as part of a broader offshore infrastructure platform spanning power, desalination, cooling, food production, and future AI/data-center applications.
- How much funding has Ocean Thermal Energy raised?
- Ocean Thermal Energy has disclosed $1.5M raised across 5 rounds.
- Where is Ocean Thermal Energy headquartered?
- Ocean Thermal Energy is headquartered in Philadelphia, US.