Welcome to our dedicated page for Ocean Thermal news (Ticker: CPWR), a resource for investors and traders seeking the latest updates and insights on Ocean Thermal stock.
Ocean Thermal Energy Corporation (OTE Corp), listed under the symbol CPWR, is a U.S.-based renewable utilities company focused on Ocean Thermal Energy Conversion (OTEC) and Seawater Air Conditioning (SWAC) systems. News about CPWR often centers on developments in its leadership, operational strategy, and progress on infrastructure projects tied to these technologies.
Recent coverage has highlighted executive appointments, including the naming of a Chief Operating Officer responsible for overseeing operational aspects of OTE Corp. Such leadership changes can signal how the company intends to manage growth, strengthen partnerships, and execute contracts with organizations such as the U.S. Army, U.S. Navy, U.S. Department of Defense, and commercial partners.
Because OTE Corp’s technologies are aimed at providing continuous, 24/7 power and efficient cooling, particularly for U.S. military bases and coastal communities in tropical regions, news items may discuss projects that support energy independence, resiliency, and solutions for communities facing energy and freshwater challenges. Articles may also describe how OTEC and SWAC systems are being positioned within the broader renewable utilities landscape.
This CPWR news page aggregates company-related press releases and media reports, giving readers a single place to follow updates on leadership, contracts, and technology-focused initiatives. Investors, analysts, and observers can use this feed to monitor how OTE Corp communicates its progress in OTEC and SWAC, as well as its relationships with defense-related and commercial partners over time.
Ocean Thermal Energy Corporation (CPWR) has appointed Shane Osborn as its new Chief Operating Officer. Osborn, a decorated U.S. Navy veteran and former Nebraska State Treasurer, brings significant leadership experience from military, government, and renewable energy sectors. Previously serving as Program Manager for Federal and Commercial Partnerships at OTE Corp, he will now oversee all operational aspects, focusing on scaling infrastructure projects and strengthening partnerships with the U.S. Army, Navy, Department of Defense, and commercial partners.
Osborn's notable achievements include managing over $27 billion in pension assets as State Treasurer and founding RWH Energy, a Service-Disabled Veteran-Owned Small Business. He is also known for his heroic actions in 2001 when he successfully landed a damaged U.S. Navy EP-3 aircraft and led his crew through Chinese imprisonment, earning him the Distinguished Flying Cross.