Ocean Thermal Energy Corp (PK:CPWR)

Sector:  Energy Industry:  Renewable Energy Equipment & Services
 
See Regulatory Filings on SEC
Company Contact
Address: 3675 Market Street, Suite 200
PHILADELPHIA PA 19104
Tel: N/A
Website: https://otecorporation.com
IR: See website
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Key People
Bob Griffin
Chief Operations Officer
   
Business Overview
Ocean Thermal Energy Corporation uses its proprietary technology to develop designs for renewable energy systems, primarily for Ocean Thermal Energy Conversion (OTEC), Seawater Air Conditioning (SWAC), and Lake Source Cooling (LSC) systems. The Company's geographical markets are tropical and subtropical regions of the world for OTEC, SWAC, and LSC and worldwide markets for SWAC and LSC. It develops projects for renewable power generation, desalinated water production, and air conditioning using its proprietary technologies designed to extract energy from the temperature differences between warm surface water and cold deep water. In addition, the Company's projects provide ancillary products such as potable/bottled water and aquaculture, mariculture, and agriculture opportunities. SWAC//LSC is a process that uses cold water from locations such as the ocean or deep lakes to provide the cooling capacity to replace traditional electrical chillers in an air conditioning system.
Financial Overview
For the fiscal year ended 31 December 2023, Ocean Thermal Energy Corp revenues was not reported. Net loss increased 32% to $9.2M. Basic Earnings per Share excluding Extraordinary Items decreased from -$0.04 to -$0.05.
Employees: 2 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $14.05M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$1.48M as of Dec 31, 2023
Net annual income (TTM): -$9.15M as of Dec 31, 2023
Free cash flow (TTM): -$0.67M as of Dec 31, 2023
Net Debt Last Fiscal Year: $8.52M as of Dec 31, 2023
Shares outstanding: 184,370,469 as of Mar 25, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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