Global OTEC
PrivateLast Round
Accelerator
Jan 30, 2025
Total Funding Raised
$4.02M
Company Overview
Global OTEC is a UK-based company that develops and commercializes Ocean Thermal Energy Conversion (OTEC) technology to provide clean, baseload electricity. The company's mission is to deliver reliable and affordable power to tropical and subtropical regions, particularly Small Island Developing States (SIDS) that are heavily reliant on imported fossil fuels. Global OTEC has designed a proprietary, modular 'OTEC Power Module®' and is developing its first commercial-scale projects, including an EU-funded initiative and a planned deployment in São Tomé and Príncipe. The technology harnesses the natural temperature difference between warm surface water and cold deep ocean water to drive a cycle that generates continuous power, 24/7, with applications for islands, offshore operations, data centers, and green fuel production.
Sector
Energy & Sustainability
Verticals
Renewable Energy, Energy Management, Maritime & Shipping
Business Model
B2G
Customer Profile
Government Contracts, Hardware Sales, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Global OTEC Comps
Public and private peers based on sector, stage, and business model.
Global OTEC Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Accelerator | Jan 30, 2025 | ||||
| Grant | Dec 1, 2022 | ||||
| Seed | Nov 15, 2022 | ||||
| Pre Seed | Mar 31, 2022 | ||||
| Grant | May 1, 2019 | ||||
Grant | Sep 26, 2018 |
Key People
Founding team and executive leadership
Global OTEC Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| WavEC Offshore Renewables | Grant |
| Unruly Capital | Seed |
| European Commission (Horizon Europe) | Grant |
| Net Zero Technology Centre | Accelerator |
| Quality Culture | Grant |
| Climate Capital | Pre Seed |
| Marine-i | Grant |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 1, 2025
MOU signed with Makai Ocean Engineering for heat exchanger technology integration.
- Dec 1, 2024
Presented Power Module(R) at geothermal energy workshop hosted by Petrobras.
Global OTEC Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Global OTEC's valuation, stock price, and market status.
