Funding and liquidity dependence
The company relies on external capital and grants to finance development and project execution.
- Scope
- Corporate operations and project pipeline
- Materiality
- high
Ocean Thermal Energy Corp
Ocean Thermal Energy Corp develops and commercializes renewable power, desalinated water, and seawater-based cooling systems using Ocean Thermal Energy Conversion (OTEC) and Seawater Air Conditioning (SWAC) technologies. The company’s solutions are designed for tropical islands, coastal facilities, and other locations where deep-ocean temperature differences can be used to produce continuous energy and water services.
19,5 %
−2 299,3 %
0.01
0.01
| % | |
|---|---|
| OTEC power systems | 45% Design and deployment of ocean thermal systems that generate continuous renewable electricity. |
| Water desalination | 20% Projects and applications that produce potable water from seawater using OTEC-linked infrastructure. |
| SWAC cooling | 15% Deep-ocean-water cooling systems for district, resort, and institutional air-conditioning use. |
| Engineering and design services | 15% Contracted engineering, design, and project development work for OTEC installations. |
| Sustainable agriculture and marine applications | 5% Adjacencies such as aquaculture, mariculture, and related local development uses. |
The company sells to government, military, and commercial customers that need reliable power, water, and cooling in...
- Defense and military installationsprimary
Buys engineering and design work for resilient power, water, and cooling systems at remote bases.
- Island communities and utilitiesprimary
Buys OTEC and desalination solutions to improve energy reliability and freshwater access.
- Commercial resort and urban cooling customerssecondary
Buys SWAC-based cooling systems to reduce electricity use and emissions.
- Government and development agenciessecondary
Buys infrastructure solutions for public-service, resilience, and sustainability projects.
- Agriculture and aquaculture usersemerging
Uses byproduct water and infrastructure for food-security and marine applications.
The company is based in the United States but its commercial focus is concentrated in tropical and island markets where...
- •United States base with defense-related contracting activity
- •Kwajalein Atoll in the Marshall Islands is a disclosed project location
- •Indo-Pacific expansion targets include Guam, Diego Garcia, and the Northern Marianas
- •Commercial pipeline includes the Caribbean
- •Southeast Asia opportunities include India and Indonesia
The company is focused on converting its OTEC and SWAC technology from development into contracted project execution...
01
Deliver the Kwajalein Atoll contractshort-term
Execution on a visible defense project validates the technology and supports future bids.
02
Expand into island and coastal marketsmedium-term
These markets match the technical advantages of OTEC and SWAC and can create repeatable demand.
03
Secure external funding and grantsshort-term
Project development and commercialization require capital before large-scale revenue can scale.
The business depends on winning project contracts, completing engineering work, and securing external funding before...
Customer concentration
A meaningful portion of revenue is tied to a single U.S. Department of Defense contract.
- Scope
- Near-term revenue
- Materiality
- high
Technology commercialization risk
OTEC and SWAC are specialized systems that must prove reliability, scalability, and economics.
- Scope
- Project adoption and backlog conversion
- Materiality
- high
Remote project execution risk
Island and offshore deployments can face logistics, permitting, and construction complexity.
- Scope
- Indo-Pacific and Caribbean projects
- Materiality
- medium
Revenue recognition on engineering contracts
Can shift revenue between quarters and affect comparability
Going-concern assessment
Affects disclosure, valuation judgments, and investor risk assessment
Project development and estimate judgments
Can influence asset carrying values and expense recognition
Convertible debt and interest expense
Affects net loss and future share count
: 29.4.2026