/Companies

Ocean Thermal Energy

OTC: CPWR

Philadelphia, 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

JPJeremy P. Feakins
Jeremy P. FeakinsChairman of the Board, Chief Executive Officer, Chief Financial Officer and Secretary/Treasurer

Board

AK
ANTOINETTE K. HEMPSTEADBoard director
PH
PETER H. WOLFSONBoard director

Reported raises · per SEC filings

Form D private placements

$1.5M disclosed across 5 rounds · 2012–2026

▶$20KraisedJul 2026 · 2 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeremy FeakinsDirector, Executive Officer
Offering amount
$1M
Amount sold
$20K
Minimum investment
$10K
First sale
Jul 2026
Incorporated
Corporation, Nevada
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$480KraisedJan 2018 · 7 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
▶$685.7KraisedJan 2018 · 1 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
▶$86.7KraisedMay 2014 · 4 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
▶$250KraisedMar 2012 · 4 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeremy P. FeakinsExecutive Officer
Offering amount
$3M
Amount sold
$250K
Minimum investment
$25K
First sale
Mar 2012
Incorporated
Corporation, Delaware, 2010
Federal exemptions
06
Full filing on SEC EDGAR ↗

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.