Lockheed Enters Into $206M Wave Energy Development Deal; Tim Fuhr Comments
Lockheed Martin has entered into a $206 million partnership agreement with an Ocean Power Technologies subsidiary for a wave energy generation project off the coast of Australia, Reuters reported Tuesday. Andrea Shalal-Esa writes Lockheed and OPT unit Victorian Wave Partners intend for the venture to produce up to 62.5 megawatts of electricity using ocean waves. […] More