Ocean Thermal Energy Corp

Overview

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• TickerCPWR on OTC¹
• IndustryElectric & Other Services Combined¹
• HeadquartersPhiladelphia, Pennsylvania¹
• Incorporated inNV²
• Business address3675 Market Street, Suite 200, Philadelphia, Pa 19104²
• Filer categoryNon-accelerated filer, Smaller reporting company²
• Legal formCorporation

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We use our proprietary technology to develop designs for renewable energy systems, primarily for Ocean Thermal Energy Conversion (“OTEC”), Seawater Air Conditioning (“SWAC”), and Lake Source Cooling (“LSC”) systems. Our geographical markets are tropical and subtropical regions of the world for OTEC, SWAC, and LSC, and worldwide markets for SWAC and LSC. We also intend to develop projects for renewable power generation, desalinated water production, and air conditioning using our proprietary technologies designed to extract energy from the temperature differences between warm surface water and cold deep water. In addition, our projects provide ancillary products such as potable/bottled water and high-profit aquaculture, mariculture, and agriculture opportunities. To date, we have not completed any projects, however we are present developing a project in the South Pacific under a contract …³ From its latest annual report

What it owns

What Ocean Thermal Energy Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

Our principal executive offices are located at. 3675 Market Street, Suite 200, Philadelphia, Pennsylvania 19104, where we lease fully-furnished and customizable office space from a third party. We also maintain a small office in Lancaster, Pennsylvania, pursuant to a lease with a company controlled by our chief executive officer. Our telephone number at that address is (717) 299-1344.

Item 2 of the 10-K filed Mar 24, 2026.³

Leadership

Who has led Ocean Thermal Energy Corp, and when. Pick a name to see everywhere that person has worked.

• Chief executive officerJeremy Feakins Aug 25, 2017 to Aug 25, 2017¹²
• Chief financial officerJeremy Feakins Aug 25, 2017 to Aug 25, 2017¹²

Former names

• TETRIDYN SOLUTIONS INCJun 7, 2006 to May 8, 2017²
• CREATIVE VENDING CORPOct 24, 1996 to May 24, 2006²

Timeline

1. Jul 10, 20268-K Unregistered sale of shares; Bylaws or fiscal year changed¹⁵
2. Jan 14, 20258-K Entered a material agreement¹⁶
3. Jan 13, 20258-K Entered a material agreement¹⁷
4. May 8, 20248-K Change of auditor¹⁸
5. Jun 15, 20238-K Unregistered sale of shares; Executive or director change; Bylaws or fiscal year changed¹⁹
6. Oct 12, 20228-K Change of auditor²⁰
7. Aug 29, 20228-K Entered a material agreement²¹
8. Aug 25, 2017New chief executive Jeremy Feakins becomes CEO¹²

Filings

31 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 7 major events, 1 private raises, 2 other. The latest 20:

1. Aug 14, 202610-Q EDGAR
2. Jul 21, 2026D EDGAR
3. Jul 10, 20268-K EDGAR
4. May 12, 202610-Q EDGAR
5. Mar 24, 202610-K EDGAR
6. Dec 19, 202510-Q EDGAR
7. Dec 18, 202510-Q EDGAR
8. Dec 18, 202510-Q EDGAR
9. Oct 27, 202510-K EDGAR
10. Oct 2, 202510-Q EDGAR
11. Oct 2, 202510-Q EDGAR
12. Oct 2, 202510-Q EDGAR
13. Jan 14, 20258-K EDGAR
14. Jan 13, 20258-K EDGAR
15. May 14, 2024NT 10-Q EDGAR
16. May 8, 20248-K EDGAR
17. Mar 28, 202410-K EDGAR
18. Nov 14, 202310-Q EDGAR
19. Sep 15, 202310-Q EDGAR
20. Sep 15, 202310-Q EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

1. Jul 7, 2026Raised $20,000 in a private offering of equity²² Form D: $1 million offered in all Form D

SEC filer profile

How Ocean Thermal Energy Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGAROcean Thermal Energy Corp¹
• CIK0000827099
• Employer ID (EIN)20-5081381³
• Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company³
• Incorporated inNevada³
• Fiscal year endsDecember 31¹
• Industry code (SIC)4931 Electric & Other Services Combined¹
• SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance¹
• Business address3675 Market Street, Suite 200, Philadelphia, PA 19104¹
• Phone(717) 299-1344¹
• Shares outstanding190,012,124 as of Aug 14, 2026¹¹
• Public float$181.2K as of Jun 30, 2025³
• AuditorVictor Mokuolu, CPA PLLC, Houston, Texas PCAOB ID 6774; no auditor attestation of internal control over financial reporting³
• On EDGAR sinceOct 24, 1996¹
• Filings242 in all: 10-Q (58), 8-K (50), 10QSB (33), 10-K (19), 10KSB (12), UPLOAD (8), NT 10-Q (7), 10-Q/A (6)¹
  All 28 form types

  CORRESP (6), 4 (5), NT 10-K (5), 10QSB/A (3), 3 (3), 8-K/A (3), D (3), POS AM (3), S-8 (3), 10-K/A (2), 10KSB/A (2), EFFECT (2), PRER14C (2), DEF 14C (1), PRE 14C (1), REGDEX (1), S-1 (1), S-1/A (1), SC 13D (1), SC 13G (1)

• Latest filingsAnnual report (10-K) Mar 24, 2026
  Quarterly report (10-Q) Aug 14, 2026
  Latest 8-K (8-K) Jul 10, 2026

Risk factors and legal proceedings

The risks Ocean Thermal Energy Corp names in Item 1A of its 10-K filed Mar 24, 2026: 32 risks under these headings, as written.³

• Risks Related to Our Financial Condition
• Our auditors have raised doubts about our ability to continue as a going concern.
• We have no current project that will generate revenues in the near future.
• We will require substantial amounts of additional capital from external sources.
• Existing convertible obligations and legacy debt may result in future dilutive equity issuances.
• Risks Related to Our Business
• We are dependent on the performance of counterparties to our agreements.
• Russia’s military intervention in Ukraine and the US-Israel war on Iran have created substantial political and economic disruption, uncertainty, and risk.
• Ongoing world economic, currency-exchange, energy-price, contagious disease, and political circumstances adversely affect our project development activities.
• We require substantial amounts of capital for all phases of our proposed activities.
• We are reliant on our key executives and personnel.
• Our projects will be subject to substantial regulations and policies that may adversely affect our ability to develop projects, and any changes in the applicable regulatory schemes may adversely affect projects that we are constructing or have constructed and are operating.

Legal proceedings

From time to time, we are involved in legal proceedings and regulatory proceedings arising from operations. We establish reserves for specific liabilities in connection with legal actions that management deems to be probable and estimable.

As previously disclosed, on February 10, 2012, DCO Energy, LLC (“DCO”) loaned the Company $1.0 million pursuant to a loan agreement and cognovit promissory note. We had not paid the DCO loan in full when due, and DCO had previously granted payment extensions to the Company. However, on January 21, 2026, DCO filed a suit titled DCO Energy, LLC v. Ocean Thermal Energy Corporation, Case Number: 2026-NO-000335, in the Court of Common Pleas of York County, Pennsylvania, and obtained a confession of judgement for approximately $2.5 million representing principal, interest and fees. On February 27, 2026, we signed a settlement agreement with DCO to resolve the dispute. Pursuant to the settlement agreement we agreed to pay DCO $126,266 for a previously disputed invoice for subcontracted design services performed by DCO in connection with the Company’s U.S. Army project at Kwajalein Atoll. DCO agreed to a forbearance and loan extension agreement for the outstanding loan obligations and to withdraw the judgement without prejudice. We made the required payment on March 3, 2026, and each party mutually released the other from any claims related to the invoice and the project. The settlement agreement did not extinguish the underlying loan obligation, and DCO retains the ability, subject to the terms of the forbearance arrangement, to pursue remedies in the event of future default, including the potential re-entry of judgment. We believe that the settlement allowed us to resolve outstanding disputes and continue pursuing our business objectives.

The opening of Item 3, Legal Proceedings.³