Ocean Thermal Energy Corp. engages in the building, owning, and operation of renewable energy systems. The company is headquartered in Philadelphia, Pennsylvania and currently employs 2 full-time employees. The company went IPO on 2006-10-27. Its geographical markets are tropical and subtropical regions of the world for OTEC, SWAC, and LSC, and worldwide markets for SWAC and LSC. The company intends to develop projects for renewable power generation, desalinated water production, and air conditioning using its proprietary technologies designed to extract energy from the temperature differences between warm surface water and cold deep water. Its projects provide ancillary products such as potable/bottled water and aquaculture, mariculture, and agriculture opportunities. The company is developing a project in the South Pacific under a contract with the United States Department of Defense. Its project pipeline includes commercial engagements in the Caribbean and Southeast Asia, including India and Indonesia.
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FAQ's for Ocean Thermal Energy Corp (CPWR)
As of August 2026, Ocean Thermal Energy Corp CPWR is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Ocean Thermal Energy Corp using these criteria to determine its compliance status.
Muslim investors may consider investing in Ocean Thermal Energy Corp if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Ocean Thermal Energy Corp by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Ocean Thermal Energy Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Ocean Thermal Energy Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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