Ocean Thermal Energy Corp. is a project developer in the renewable electricity and potable water business. The company designs Ocean Thermal Electrical Conversion (OTEC) power plants and Seawater Air Conditioning (SWAC) plants. These technologies provide clean drinking water, plentiful food, and sustainable, affordable energy. OTEC plants leverage the temperature difference in the ocean between cold deep water and warm surface water in the tropics and subtropics to generate unlimited energy without the use of fossil fuels. Some of the seawater running through the plants can be desalinated, producing thousands of cubic meters of fresh water daily for agriculture and human consumption. The cold, nutrient-rich seawater can be used to cool buildings for fish farming and aquaculture. SWAC systems produce air conditioning without the use of chemical agents. This technology uses less fresh water and reduces environmental impact when compared to traditional air conditioning methods. The company was founded on October 18, 2010 and is headquartered in Lancaster, PA.
Company profile
Ticker
CPWR
Exchange
Website
CEO
Jeremy P. Feakins
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CREATIVE VENDING CORP, TETRIDYN SOLUTIONS INC
SEC CIK
CPWR stock data
Latest filings (excl ownership)
10-K
2024 FY
Annual report
28 Mar 24
10-Q
2023 Q3
Quarterly report
14 Nov 23
10-Q
2023 Q2
Quarterly report
15 Sep 23
10-Q
2023 Q1
Quarterly report
15 Sep 23
10-K
2022 FY
Annual report
5 Sep 23
8-K
Unregistered Sales of Equity Securities
15 Jun 23
NT 10-K
Notice of late annual filing
31 Mar 23
10-Q
2022 Q3
Quarterly report
8 Nov 22
8-K
Changes in Registrant's Certifying Accountant
12 Oct 22
8-K
Entry into a Material Definitive Agreement
26 Aug 22
Latest ownership filings
4
JEREMY FEAKINS
25 Aug 17
SC 13D
Ocean Thermal Energy Corp
25 Aug 17
SC 13G
Ocean Thermal Energy Corp
16 Aug 17
3
Antoinette R. Hempstead
15 Aug 17
4
PETER H WOLFSON
28 Jun 17
4
PETER H WOLFSON
6 Mar 17
4
PETER H WOLFSON
11 Jan 17
4
PETER H WOLFSON
11 Jan 17
3
PETER H WOLFSON
4 Feb 16
3
Initial statement of insider ownership
1 Apr 15
Financial summary
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 65.19 k | 65.19 k | 65.19 k | 65.19 k | 65.19 k | 65.19 k |
Cash burn (monthly) | (no burn) | (no burn) | 111.91 mm | 28.32 mm | 83.01 k | 47.71 k |
Cash used (since last report) | n/a | n/a | 762.84 mm | 193.05 mm | 565.85 k | 325.24 k |
Cash remaining | n/a | n/a | -762.77 mm | -192.99 mm | -500.67 k | -260.05 k |
Runway (months of cash) | n/a | n/a | -6.8 | -6.8 | -6.0 | -5.5 |
Institutional ownership, Q4 2022
13F holders | Current |
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Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
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Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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