About Global OTEC
Global OTEC is an Energy & Utilities company based in London (United Kingdom) founded in 2017 by Dan Grech. It operates as an ocean thermal energy conversion solutions are provided globally. Global OTEC has raised $318.8 thousand across 3 funding rounds from investors including Climate VC, Unruly Capital and Climate Capital. Its chief executive is Dan Grech. Global OTEC offers products and services including OTEC Power Module. Its focus areas include Energy Tech, Renewable Energy Tech, Marine Energy and Ocean Thermal. Its legal entity is GLOBAL OTEC RESOURCES LTD. Its competitors include Seatrec, Ocean Grazer, Makai Ocean Engineering, Ocean Thermal Energy Corporation and Bluerise and 4 more; 1 of its 9 listed competitors has raised funding.
Company details
Global OTEC was founded in 2017 in London, United Kingdom, with Dan Grech serving as founder and CEO. The company operates within the renewable energy sector, focusing on ocean thermal energy conversion technologies. Solutions are developed to exploit temperature differences between ocean surface and deep waters for electricity generation. Operations are based in the UK, supporting sustainable energy projects in coastal and island regions.
- Total Equity Funding$318.8K (USD)
in 3 rounds
- Latest Funding Round$318.8K (USD), Seed
Feb 2024
- InvestorsClimate VC
& 2 more
Products & Services of Global OTEC
Global OTEC offers a comprehensive portfolio of products and services, including OTEC Power Module.
Generates baseload electricity using ocean temperature differences.
Apps and channels of Global OTEC
its YouTube channel Global OTEC has 2.42K subscribers and 30 videos.
Videos from Global OTEC
The most watched videos on Global OTEC's YouTube channel, Global OTEC (2.42K subscribers). Click a video to play it here.
More on Global OTEC.
Funding Insights of Global OTEC
Global OTEC has successfully raised a total of $318.8K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $318.8 thousand completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $318,800
- Total Rounds 3
- Last Round Seed — $318,800
- Investors Count 3
All 3 funding rounds of Global OTEC with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $318,800 | Seed | – | Unruly Capital | |
| Jan 2022 | – | Seed | – | Climate VC | |
| Jun 2018 | – | Grant | – | – | – |
3 investors in total: 3 institutional.
Investors in Global OTEC
Global OTEC has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Climate VC, Unruly Capital and Climate Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Climate VC is focused on investing in climate startups. | – | climate.vc | Lightwater, United Kingdom | |
Venture capital investments are managed by Unruly Capital. | – | unrulycap.com | - | |
Early stage climate-focused venture capital investments are provided. | – | climatecap.co | - |
Investor details for Global OTEC
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People of Global OTEC
1 people are tracked at Global OTEC (1 in leadership).
| Name | Role | Group |
|---|---|---|
Dan Grech | Founder & CEO | Leadership |
Complete people profiles for Global OTEC
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Timeline of Global OTEC
3 dated milestones of Global OTEC across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Global OTEC is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $319K.
Competitors of Global OTEC
Global OTEC has 9 listed competitors in our database, 1 of them funded. They include Seatrec, Ocean Grazer, Makai Ocean Engineering, Ocean Thermal Energy Corporation and Bluerise, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| seatrec.com | 2012 | Monrovia, United States | $3.32M | – | Energy is harvested from ocean temperature gradients using phase-change materials. | |
| oceangrazer.com | 2012 | Groningen, Netherlands | – | – | Inshore platform with multi-pump and piston, power takes to generate energy | |
| makai.com | 1973 | Waimanalo, United States | – | – | Ocean engineering services for renewables and submarine infrastructure are provided. | |
| otecorporation.com | 1988 | Lancaster, United States | – | 2 | Marine technologies using OTEC and SWAC for energy are developed. | |
| bluerise.nl | 2009 | Delft, Netherlands | – | – | Ocean thermal energy is harnessed for clean power generation. | |
| seapotential.com | 2009 | Magherafelt, United Kingdom | – | – | Wave energy is captured via multi-mode point absorber converter. | |
| deprofundis.com | 2005 | Saint Denis, France | – | – | Specializes in ocean thermal energy conversion for sustainable power solutions. | |
| arteqpower.com | 2015 | Diepenveen, Netherlands | – | – | Provides solutions for converting small temperature differences into clean renewable energy via OTEC and geothermal tech. | |
| renewabledevices.com | 2002 | Edinburgh, United Kingdom | – | – | Delivers comprehensive solutions for small-scale wind and tidal turbines. |
Detailed competitors of Global OTEC
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Web traffic of Global OTEC
The website of Global OTEC (globalotec.co) receives about 5.9K visits a month.
- Monthly visits5.9K
▲ 37.3% vs previous month
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Related news about Global Otec
Complete news archive for Global OTEC
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Frequently Asked Questions about Global OTEC
Global OTEC was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Global OTEC is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Dan Grech is the current CEO of Global OTEC. They have also founded this company.
Global OTEC is a funded company, having raised a total of $318.8K across 3 funding rounds to date.
Global OTEC was founded in 2017 in London, United Kingdom, with Dan Grech serving as founder and CEO. The company operates within the renewable energy sector, focusing on ocean thermal energy conversion technologies. Solutions are developed to exploit temperature differences between ocean surface and deep waters for electricity generation. Operations are based in the UK, supporting sustainable energy projects in coastal and island regions.
Global OTEC's top competitors include Seatrec, Makai Ocean Engineering and Ocean Thermal Energy Corporation.
Global OTEC offers OTEC Power Module.
Global OTEC has 3 investors. Key investors include Climate VC, Unruly Capital, and Climate Capital.
Global OTEC operates through Global Otec Resources Ltd.