Tuesday, January 27, 2009

Lockheed Martin with Wave Energy

EEStor partner Lockheed Martin announced it would work with Ocean Power Technologies on a project to generate energy from wave power. Here's an associated press article on the subject. No word on where or how that energy will be stored. But you might start to ask yourself an interesting question, "If a company such as Lockheed were convinced that EEStor's technology will work, how might it behave to make the most of the opportunity? Where would it invest and why?"

If you recall, a recent employee newsletter quoted Missiles and Fire Control program manager Mike Wilhelm as saying that “Power and energy has been identified at the corporate level as a key strategic thread, and we saw power management as a way to leverage existing expertise to develop new products in a new market space."

Accordingly, it's interesting to take a look at some of the recent alternative energy announcements Lockheed has been a part of in the past couple years. In no particular order, here's a list of what I found:

1) In Oct 2008, Lockeed announced a US Department of Energy award to demonstrate an Ocean Thermal energy conversion system.

2) A year ago, the EPA gave Lockheed an award for embracing green power policies.

3) In Nov, 2007 Lockheed announced a teaming agreement with Starwood Energy Group to pursue "utility scale solar generation projects in North America."

4) Lockheed has a sophisticated Wind Speed Sensor called WindTracer. And others studying it.

Here's another environmental overview of Lockheed's intentions with regard to the environment and green power.

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