When was Global OTEC founded?

Global OTEC was founded in 2017 and raised its 1st funding round 1 year after it was founded.

Where is Global OTEC located?

Global OTEC is headquartered in London, United Kingdom.

Who is the current CEO of Global OTEC?

Dan Grech of Global OTEC. They have also founded 1 company.

Which legal entities is Global OTEC associated with?

Global OTEC is associated with GLOBAL OTEC RESOURCES LTD.

How many employees does Global OTEC have?

As of Sep 30, 2026, the latest employee count at Global OTEC is 11.

Is Global OTEC a funded company?

Global OTEC is a funded company, having raised a total of $319K across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on 2018.

When was the latest funding round of Global OTEC?

Global OTEC's latest funding was a $***** Seed round on Feb 02, 2024, with participation from 2 investors. Its primary sector is Renewable Energy Tech. In United Kingdom, the Renewable Energy Tech sector has seen $140M in funding in 2026 to date.

Where does Global OTEC rank among its competitors?

Global OTEC ranks 2nd amongst 9 active competitors, of which 3 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Ocean Thermal Energy Corporation, which secured $20K in Jul, 2026.

Who are the top competitors of Global OTEC?

Global OTEC's top competitors include Wartsila, Seatrec and Makai Ocean Engineering. Among them, Ocean Thermal Energy Corporation secured the most recent funding round in July, 2026.

Global OTEC - 2026 Company Profile, Team, Funding, Competitors & Financials

Global OTEC is a seed company based in London (United Kingdom), founded in 2017 by Dan Grech. It operates as a Developer of ocean thermal energy conversion technology for clean power. Global OTEC has raised $319K in funding from Climate VC and Unruly Capital. The company has 9 active competitors, including 3 funded and 2 that have exited. Its top competitors include companies like Wartsila, Seatrec and Makai Ocean Engineering.

Company Details

Developer of ocean thermal energy conversion technology for clean power. The company’s technology produces clean baseload electricity by harnessing temperature differences in seawater. It offers power modules with safety and control systems for local and remote operations. The technology can be combined to increase power output, providing a scalable renewable energy source.

Website: globalotec.co
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Email ID: *****@globalotec.co

Key Metrics

Founded Year

2017

Location

London, United Kingdom

Stage

Seed

Total Funding

$319K in 3 rounds

Latest Funding Round

Seed, Feb 02, 2024, $*****

Investors

Climate VC & 9 more

Ranked

2^nd among 9 active competitors

Employee Count

11 as on Sep 30, 2026

Similar Companies

Wartsila & 11 more

View Global OTEC's full profile

Global OTEC is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
GLOBAL OTEC RESOURCES LTD CIN: 9778525 , United Kingdom, Active	Sep 14, 2015	-	4 (As on Sep 30, 2024)

Global OTEC has raised a total funding of $319K over 3 rounds. Its first funding round was on 2018. Its latest funding round was a Seed round on Feb 02, 2024 for $*****. 2 investors participated in its latest round. Global OTEC has 7 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Global OTEC:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 02, 2024	6876413	Seed	2885896	9831359	8321675	1353865
Jan 2022	3376504	Seed	3294436	4528097	6454118	Climate Capital
2018	6943	Grant (prize money)	1772	6900	2749	7429

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View details of Global OTEC's funding rounds and investors

The founders of Global OTEC is Dan Grech. Dan Grech is the CEO of Global OTEC.

Here are the details of Global OTEC's key team members:

Dan Grech: Founder & CEO of Global OTEC and founder of 1 other company.
Contact Info: 1 email address

View details of Global OTEC's Founder profiles and Board Members

Global OTEC's employee count trend

Global OTEC has 11 employees as of Sep 26. Here is Global OTEC's employee count trend over the years:

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Top competitors of Global OTEC include Wartsila, Seatrec and Makai Ocean Engineering. Here is the list of Top 10 competitors of Global OTEC, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wartsila 1834, Vaasa (Finland), Acquired	Provider of technologies and lifecycle solutions for the marine and energy markets	-	BlackRock, Investor & 2 others	74/100
2nd	Global OTEC 2017, London (United Kingdom), Seed	Developer of ocean thermal energy conversion technology for clean power	$319K	UBS, Venrock & 8 others	54/100
3rd	Seatrec 2012, Monrovia (United States), Seed	Energy harvesting from temperature differences in oceans	$3.32M	Pasadena Angels, Breakout Labs & 10 others	53/100
4th	Makai Ocean Engineering 1973, Waimanalo (United States), Funding Raised	Ocean engineering company	-	DOE, OSTI	36/100
5th	Ocean Thermal Energy Corporation 1988, Lancaster (United States), Public	Developer of marine technologies based on OTEC and SWAC	-	United States Department of Agriculture	36/100
6th	SeaPotential 2009, Magherafelt (United Kingdom), Seed	Multi-mode power capture point absorber WEC	-	OSTI, Wave Energy Prize	29/100
7th	Ocean Grazer 2012, Groningen (Netherlands), Funding Raised	Inshore platform with multi-pump and piston, power takes to generate energy	-	EIC Fund, Plug and Play Tech Center & 1 others	26/100
8th	Arteq Power 2015, Diepenveen (Netherlands), Unfunded	Engine that uses temperature difference to generate energy	-	-	24/100
9th	DeProfundis 2005, Saint Denis (France), Unfunded	Ocean thermal energy conversion	-	-	24/100
10th	Bluerise 2009, Delft (Netherlands), Acqui-Hired	Ocean thermal energy management	-	YES!Delft, Climate KIC & 2 others	21/100