Ocean Thermal Energy Corporation

Company designs, builds, owns & operates Ocean Thermal Energy Conversion power plants and Seawater Air Conditioning plants for large commercial properties

  • Stage Full Product Ready
  • Industry Clean Technology
  • Location Lancaster, PA, US
  • Currency USD
  • Founded January 1998
  • Employees 14
  • Website otecorporation.com

Company Summary

Ocean Thermal Energy Corp is a project developer in the renewable electricity and potable water business utilizing Company owned Intellectual Property and years of hands-on experience of its technical team.
OTE designs Ocean Thermal Energy Conversion and Seawater Air Conditioning plants for large commercial properties. These technologies provide practical solutions to mankind's fundamental needs: clean water, food & affordable energy.

Team

  • Financial Consultant

    Ed has more than 30 years of senior financial management experience starting his career with Arthur Andersen. From 1971 – 1993, Ed was the Chief Financial Officer of the Pennsylvania Chapter of the American Cancer Society. From 1993 – 2009, Ed was the Founder and Principal of the Investment Banking firm Marston Group.

  • Director

    43 years of experience in the energy management field
    Chairman, Chief Executive Officer, Managing Partner and founder of DCO Energy LLC (DCO), with over 200 employees and annual sales in excess of US$250 million
    Registered US Professional Engineer
    University of Cincinnati, BS in Mechanical Engineering.

  • Senior Vice President, Head of OTEC Programs

    Managing Director, Oceans Systems Group
    President, Ocean Mining Company (Lockheed Corporation)
    Successfully tested the world's first successful floating OTEC plant (Mini-OTEC)
    Ocean Energy Council Pioneer Award, 2009
    Member, Board of Directors, Ocean Energy Council
    Member, Geothermal Research Council
    Member, National Hydrogen and Hydropower Councils
    Doctor of Science, High Honors, Northwestern University

  • General Counsel and Head of Government Affairs

    Gerald is a U.S. lawyer with over 25 years of experience in international legal, business and government expertise. He has specialized knowledge and experience in federal contracting, domestic and international government relations, financing and information technology. His previous government experience includes service as a member of President Ronald Reagan’s White House Staff and he has also served as a helicopter pilot with the U.S. Army.

  • Vice President and Director of Finance

    Over 22 years of experience in finance and accounting
    CFO of a U.S.-based solar company
    Experience also includes business consulting in a wide breadth of industries including energy, construction, manufacturing and media
    Certified Public Accountant (CPA)
    Certified Valuation Analyst (CVA).
    member of both the American and Pennsylvania Institute of Public Accountants.

  • Chief Science Adviser

    25 year of extensive experience in ocean engineering
    Owner and co-founder of OTEC Innovation Group (OTE)
    One of the world's foremost OTEC and SWAC experts
    Integral in research leading to the design and development of the first Net Power Producing Experimental (NPPE) land-based OTEC plant (Hawaii)

  • Vice President of Project Management

    Successfully developed combined cycle power plants with total output of over 1600 MW
    High Desert Power Project was recognized as 2003 Power magazine Plant of the Year primarily for development work
    Project Manager from RFP through contract negotiation of PSA, development, permitting, and transfer of asset to utility
    First ever air emissions credit transfer between different air basins

  • Vice President of Shareholder Communications

    Founder, President, and CEO of Hans Construction
    Qualified commercial pilot with over 30 years' experience
    10 years experience as a financial consultant
    B.S. Degree in Science, Technology, and Business from Embry Riddle Aeronautical University and Edison State College

  • Group Executive Chairman

    1990-2006: Medical Technology & Innovations, Inc., Chairman & CEO
    1998-2006: Growth Capital Resources, LLC, Managing Member
    2005-2008: Caspian International Oil Corp., Executive Vice Chairman
    2007-present: JPF Venture Fund 1, Chairman & Managing Partner
    2011-present: Group Executive Chairman, Ocean Thermal Energy Corp.
    7-year veteran of the British Royal Navy
    Institute of Directors (UK), Member
    British American Business Council (USA), Member

Previous Investors

  • JPF Venture Fund 1, LP
    Largest Shareholder
    Unconfirmed

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