Ocean Thermal Energy Corporation (CPWR)
Ocean Thermal Energy Corporation operates in the Renewable Utilities industry of the Utilities sector, headquartered in Philadelphia, PA, US. The stock last traded at $0.01, up 0.00% on the session, giving a market capitalisation of $1.5M. On trailing twelve-month figures it carries a trailing P/E of -0.11, a net margin of -181.2%. Its beta of 5.56 implies it has historically moved more than the broad market.
Ocean Thermal Energy Corporation (OTEC), along with its various subsidiaries, operates internationally as a developer of projects centered on clean power generation, the creation of fresh water, and climate control systems. The company's core business involves designing and implementing sophisticated plants utilizing Ocean Thermal Energy Conversion (OTEC) technology, as well as Seawater and Lake Water Air Conditioning (SWAC/LWAC) systems. These installations are engineered to serve a diverse client base, including commercial enterprises, utility companies, and local governments. From these plants, OTEC provides essential resources: electricity, potable water for drinking and agricultural use, and desalinated water suitable for various applications, including fish farming and aquaculture. Furthermore, OTEC is actively engaged in developing and bringing to market EcoVillages – integrated communities designed to achieve social, economic, and ecological sustainability. The corporation maintains key strategic alliances, notably with DCO Energy, LLC. Established in 1998, Ocean Thermal Energy Corporation's main offices are situated in Lancaster, Pennsylvania.
Ocean Thermal Energy Corporation is most often compared with the following Utilities names: