other material
confidence high
sentiment positive
materiality 0.70
OTE Corp signs $3.5M contract with Johnson Controls for US Army OTEC feasibility design
Ocean Thermal Energy Corp
- Fixed fee of $3,504,796 for engineering planning and design of a 17.5MW OTEC system at US Army Garrison Kwajalein Atoll.
- Project completion targeted by June 30, 2026; includes feasibility assessment, system design, and cost estimation.
- DCO Energy appointed as owner's engineer; collaboration builds on prior OTEC designs for Bahamas.
- Contract also explores seawater desalination to enhance water resilience at the military base.
- OTE Corp CEO Jeremy Feakins highlights partnership advancing renewable energy for national defense.