Lockheed Martin has signed a contract with China-based Reignwood Group to jointly build a 10-megawatt ocean thermal energy conversion facility.
The companies intend for the plant to derive power from differences in sea temperature, Lockheed said Wednesday.
Lockheed intends for the project to pave the way for commercialization of its OTEC technology.
“Capturing this energy through a system like OTEC means we have the opportunity to produce reliable and sustainable power, supporting global security, a strong economic future and climate protection for future generations,” said Dan Heller, vice president of new ventures for Lockheed’s mission systems and training business.
The company attended a ribbon-cutting ceremony for a new innovation center at Reignwood’s headquarters in Beijing.
Reignwood’stechnology hub is designed to emulate a Lockheed center in Arlington, Va., that presents energy infrastructure and alternative power generation concepts.