Ocean Thermal Energy Corp. (CPWR)

[Energy&MJ]

Tech hype thanks for the post and welcome to CPWR. First off, Ocean Thermal Energy Corporation only went public last May 9 2017 and obtained the ticket cpwr at that time. The company with cpwr prior was compuware and has nothing to do with Ocean Thermal. I believe they went back to private company.

They are working on some huge wins. Top two being an acquisition of a well established engineering company with substantial revenue, contracts and infrastructure. The merging of two players in the industry. Im not in on the details but I know people in the company well and i know it’s a game changer. Secondly they are working on a project with Lockheed Martin and the us navy for a sea water air conditioning plant for Diego Garcia naval base. The USDOD has no other plans for air conditioning other than the design Ocean Thermal engineers did for Lockheed. They are expecting a “notice to proceed” from the navy very shortly. It’s a hurry up and wait situation with the navy which is not uncommon with government contracts like this. The hiring of the COO Bob Griffin was not a coincidence. Excellent experience managing large government energy projects and past experience working with Lockheed Martin. Again, not coincidental.

There are other things in the works however these two will be huge and are sitting in very good situations. And you’re correct in your assessment of the technology. The world needs it and they are coming to terms with it and I’m not solely saying this because of Ocean thermals activity. Many SWAC systems around the world and OTEC is well on its way.