Ocean Thermal Energy Corp (OTCMKTS: CPWR) has been moving northbound in recent days on a surge of volume since reversing off $0.0062 lows. CPWR used to trade at higher levels and ran to a dime in 2020 and $0.09 in 2021. More recently CPWR formed a solid base over a penny before taking off northbound. While the Company has not put out a press release in a long time, it’s an SEC filer putting out its 10Q on May 13 and its 10k in April both on time.
CPWR designs ocean thermal energy conversion (“OTEC”) power plants and seawater air conditioning and lake water air conditioning (“SWAC/LSC”) plants for large commercial properties, utilities, and municipalities. These technologies provide practical solutions to mankind’s three oldest and most fundamental needs: clean drinking water, plentiful food, and sustainable, affordable energy without the use of fossil fuels.
Ocean Thermal Energy Corp (OTCMKTS: CPWR) operating out of Lancaster, Pennsylvania Ocean Thermal Energy Corporation (OTE) 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 Oceanographers, Engineers, and Marine Scientists
OTEC is a clean technology that continuously extracts energy from the temperature difference between warm surface ocean water and cold deep seawater. In addition to producing electricity, some of the seawater running through an OTEC plant can be efficiently desalinated using the power generated by the OTEC technology, producing thousands of cubic meters of fresh water every day for use in agriculture and human consumption in the communities served by its plants. This cold, deep, nutrient-rich water can also be used to cool buildings (SWAC/LSC) and for fish farming/aquaculture. In short, it is a technology with many benefits, and its versatility makes OTEC unique.
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The Company is also in the EcoVillages space, developing and commercializing EcoVillages, as well as working to develop or acquire new complementary assets. EcoVillages are communities whose goal is to become more socially, economically, and ecologically sustainable and whose inhabitants seek to live according to ecological principles, causing as little impact on the environment as possible. We expect that our EcoVillage communities will range from a population of 50 to 150 individuals, although some may be smaller. CPWR may also form larger EcoVillages, of up to 2,000 individuals, as networks of smaller subcommunities. The Company expects its EcoVillages will grow by the addition of individuals, families, or other small groups. CPWR expect to use its technology in the development of its EcoVillages, which should add significant value to this line of business.
Ocean Thermal Energy Conversion (OTEC) is a game-changing technology that leverages 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. It boasts a competitive advantage over alternative sources of electricity production regarding accessibility, predictability, affordability, and emissions. Seawater Air Conditioning (SWAC) technology produces air conditioning without the use of chemical agents. Acting alone, SWAC can reduce electricity usage by up to 90% when compared to traditional air conditioning systems. Both technologies can be configured to produce fresh water for drinking, agriculture, and economic development. Supporting the efforts for more sustainable living in developing nations around the world, OTE’s OTEC and SWAC technologies drastically reduce the output of carbon emissions and produce renewable base-load (24/7/365) energy without the use of fossil fuels. This translates to slowing down climate change and cleaning up our atmosphere for a healthier planet for all.
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Currently trading at a $7 million market valuation CPWR is currently on the move northbound after months of steady declines. While the Company has an exciting technology, they have over $30 million in debt, a hard burden to carry for any otc Company. The Company is not putting out press releases lately but is getting their filings out on time dropping its 10Q o May 13. From current levels CPWR is worth a look, the Company has just 174 million shares outstanding, a significant gap to fill from current levels and the Company has spent years working with Oceanographers, Engineers, and Marine Scientists developing its technology that extracts energy from the temperature difference between warm surface ocean water and cold deep seawater. We will be updating on CPWR when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CPWR.
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Disclosure: we hold no position in CPWR either long or short and we have not been compensated for this article.