Mar 8, 2016 9:31 EST

Ocean Thermal Energy Corporation: Converting power from the natural temperature gradient of the ocean

iCrowdNewswire - Mar 8, 2016

Ocean Thermal Energy Corporation

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Products / Services

Ocean Thermal Energy Conversion (OTEC)

Ocean Thermal Energy Conversion (OTEC) is an economically feasible way to generate sustainable base-load electricity by converting power from the natural temperature gradient of the ocean. An OTEC plant involves installing large diameter deep-ocean intake pipes together with surface water pipes to bring seawater onshore. OTEC uses a heat pump cycle to generate power. OTEC uses an array of heat exchangers to transfer the energy from the warm ocean surface water as an energy source to vaporize a liquid in a closed loop, driving a turbine which in turn drives a generator to produce electricity.

Seawater (and Lakewater) Air Conditioning (SWAC)

SWAC is a significantly more cost effective and environmentally friendly way to implement air
conditioning using cold water sourced from lakes or, analogous with OTEC, deep ocean water
rather than from an electric chiller. SWAC systems reduce the consumption of electricity by as
much as 90 percent. when compared to conventional systems and are aimed at large
structures such as office complexes, medical centers, resorts, data centers, airports
and shopping malls. Once the nutrient-rich seawater has been used for air conditioning it can be desalinated for potable water and/or for aquaculture.

Potable Water and Sustainable Food Production: OTEC and SWAC Spin-Off Technologies

OTE will produce fresh water from its SWAC and OTEC plants using a reverse osmosis system. The reverse osmosis process desalinates the nutrient and mineral rich deep ocean water to provide fresh drinking water. Because of its ancient glacial origins, the water is pure and free from pollutants and hormones. The pathogen free water can be used for aquaculture and chilled soil agriculture. OTE’s business model is to sell the water to desalination and aquaculture/agriculture companies. OTE has the potential to change and improve the lives of people worldwide.

Management

Director Executive Officer
Jeremy P Feakins

Group Executive Chairman/CEO: Jeremy graduated from the Royal Naval Secretariat and Accounting College, Chatham, Great Britain (now: Defense College for Logistics and Personnel Administration) and spent seven years in the British Royal Navy. He was the founder of Medical Technology & Innovations, Inc. (MTI) which was listed on the US Over the Counter Market (OTC). From 1998 – 2006 Jeremy was Managing Member of Growth Capital Resources, LLC where he successfully managed the public listings for IP Voice Communications, Inc. (IPVC), Care Recruitment Solutions, Inc. (CRSX) and China YCT International, Inc. (CYIG). From 2005 – 2008 he served as Executive Vice Chairman and member of the Board of Directors of Caspian International Oil Corporation (CIOC) where he managed the public listing. Jeremy is the Chairman and Managing Partner of the JPF Venture Fund 1, LP an early stage Venture Capital Company focused on companies involved with humanitarian and/or sustainability projects.

Senior Vice President Engineering
Ted Johnson PhD

Senior President and Head of OTEC Programs: Dr Johnson received a Doctor of Science Degree with High Honors from Northwestern
University and from there he joined Honeywell and advanced to Director of Advanced Technology
based on a number of new product developments for Honeywell. Dr Johnson then joined
Lockheed Corporation as Managing Director of the Oceans Systems Group and President of
the Ocean Mining Company, a wholly owned subsidiary of Lockheed Corporation. The
26 businesses under his direction included numerous military and commercial contracts and
advanced technology developments, including the building of ships, underwater systems,
ocean mining, fossil fuel and renewable ocean energy systems with turnover of hundreds of
millions of dollars. Among the pioneering work that the Lockheed Oceans Systems Group
achieved in renewable ocean energy, was to build and successfully test the world’s first
successful floating OTEC plant, Mini-Otec, off the Hawaiian Islands.

Director Financial Officer
Doug Schultz

Finance Director: Doug has over 22 years of experience in finance and accounting. Most recently, he was the CFO of a US-based solar company. His experience also includes business consulting in a wide breadth of industries including energy, construction, manufacturing and media. Doug has passed the necessary exams and been both a Certified Public Accountant (CPA) and a Certified Valuation Analyst (CVA). Doug is a member of both the American and Pennsylvania Institute of Public Accountants.

Director
Frank E. DiCola, PE

Non-Executive Director: Frank has over 43 years of experience in the energy management field. He is Chairman, Chief Executive Officer, Managing Partner and founder of DCO Energy LLC (DCO), an energy project development company and engineering, procurement and construction contractor, headquartered in New Jersey, USA. DCO has over 200 employees and annual sales in excess of $250 million. During this period, DCO has specialised in the development, construction, operations and ownership of combined heat and power projects, renewable generation assets and district energy systems. DCO Energy also acts as third party EPC contractor and operation & maintenance provider to the power industry. Mr. DiCola is a registered US Professional Engineer and a graduate of the University of Cincinnati with a BS in Mechanical Engineering.

Consulting Counsel/Legal Officer
Gerald S. Koenig, Esq.

Company Secretary and General Counsel: Gerald is a U.S. lawyer with over 25 years of experience in international legal, business and government expertise. He has specialized knowledge and experience in federal contracting, domestic and international government relations, financing and information technology. His previous government experience includes service as a member of President Ronald Reagan’s White House Staff and he has also served as a helicopter pilot with the U.S. Army.

Vice President Operations
Andrew C. Welch, PE

Vice President of Project Management: Andy has over 25 years of experience in developing infrastructure projects throughout the United States. He has managed facilities from project kickoff to successful commercial operation. His experience involves a variety of technologies and plant sizes ranging from small, retail co-generation plants to major utility power generation facilities. His technical knowledge includes the means to select equipment, its operational flexibility and the relative benefits of competing technologies. He has negotiated numerous offtake agreements and interconnects. Having successfully managed projects through environmental approval he is very familiar with the regulations and protocols involved. He has taken several projects through bank and public financing. He is experienced with public presentations, dealing with the media and providing advice on policy to legislators, commissioners, and their staff members.

Chief Science/Scientist
Stephen K. Oney, PhD

Chief Science Officer:
Dr. Oney is President and co-founder of OTE’s wholly owned subsidiary, OTEC Innovation Group (formerly OCEES International, Inc.). He has over 25 years of extensive experience in ocean engineering. He is well published on the subject of OTEC and SDC. His vast knowledge places him as one of the world’s foremost OTEC and SDC experts where he has been called upon to deliver lectures on the subject. Dr. Oney has hands-on experience of OTEC and SDC design and was integral in the research leading to the design and development of the first Net Power Producing Experimental (NPPE) land-based OTEC plant in Hawaii.

Consulting
James D. Greenberg

Director & Head of Communications:
Jim is an experienced U.S. lawyer and a skilled business executive. Jim has practiced law since 1986. From 2000 – 2009 he was Managing Partner of the Law Firm of Katherman, Briggs and Greenberg where he was responsible for the business development and a doubling of the size of the practice. He has served on business and not for profit Boards of Directors. He is a member of numerous professional organizations.

Senior Vice President
Heru Ofori-Atta

Senior Vice President of Caribbean Operations:
Heru is an experienced enterprise leader in the field of energy and sustainability initiatives in the Caribbean region. He is the Special Adviser to the University of the Virgin Islands Caribbean Green Technology Center where he has been responsible for planning, programming, smart partnerships and policy in regard to renewable energy and sustainability initiatives in the Caribbean region.

Vice President
Melanie Roach, MSc, MICE, CEng, PE, PMP

Vice President of Bahamas Operations:
Melanie is a civil engineer and high-level executive with decades of technical and government experience. A former Director of Public Works in The Bahamas (serving twice), she was the first woman to hold that position, and she was the first female Bahamian Civil Engineer. She has served as president of the Zonta Club of New Providence, and is the current president of The Bahamas Society of Engineers.

News / Links

Contact Information:

Director Executive Officer
Jeremy P Feakins

Senior Vice President Engineering
Ted Johnson PhD

Director Financial Officer
Doug Schultz

Director
Frank E. DiCola, PE

Consulting Counsel/Legal Officer
Gerald S. Koenig, Esq.

Vice President Operations
Andrew C. Welch, PE

Chief Science/Scientist
Stephen K. Oney, PhD

Consulting
James D. Greenberg

Senior Vice President
Heru Ofori-Atta

Vice President
Melanie Roach, MSc, MICE, CEng, PE, PMP

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