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Ocean Power Technologies And LockMart Developing Utility-Scale Wave Power System
Pennington NJ (SPX) Oct 14, 2009 Lockheed Martin and Ocean Power Technologies have signed a commercial engineering services agreement to develop OPT's wave energy systems for use in future utility-scale power generation projects. Under the agreement, Lockheed Martin will provide its expertise in systems integration, lean manufacturing, and test and optimization analysis to enhance OPT's innovative PowerBuoy wave power generation technology to utility-scale. This critical step will allow the two companies to pursue future utility-scale power generation projects in North America. The companies agreed to collaborate on such projects in a letter of intent signed in January 2009. "The breadth of Lockheed Martin's expertise, innovation and execution skills will add significant value to OPT's overall delivery capability and assist in pursuing utility-scale wave energy projects," said Mark R. Draper, OPT's chief executive officer. "Their know-how will enhance key aspects of our current product offering, and aid the successful roll-out of our core PowerBuoy technology on the west coast of the U.S." OPT's proven PowerBuoy technology uses "smart" buoys, based on integrated patented hydrodynamics, electronics, energy conversion and computer control systems, to capture and convert energy from the natural rising and falling of waves into low-cost, clean electricity. The generated power is transferred ashore via an underwater power transmission cable. A future 10-Megawatt utility power station comprised of floating PowerBuoy systems would occupy approximately 30 acres (0.125 square kilometers) of ocean space. Such a plant would generate electricity for approximately 4,000 homes. "Our work with OPT is another way in which Lockheed Martin is applying its expertise to help the nation achieve energy independence with alternative, renewable resources," said Rich Lockwood, vice president of Lockheed Martin's New Ventures business. "Lockheed Martin's experience, combined with OPT's impressive PowerBuoy technology, advances the efficient and cost-effective production of utility-scale wave power generation systems." In addition to its collaboration with OPT, Lockheed Martin is addressing the nation's energy and climate challenges with work in areas including next-generation alternative energy, energy efficiency, energy storage and climate monitoring. Share This Article With Planet Earth
Related Links Ocean Power Technologies Powering The World in the 21st Century at Energy-Daily.com
Pilot Project Captures 90 Percent Of CO2Pleasant Prairie WI (SPX) Oct 13, 2009 We Energies, Alstom and The Electric Power Research Institute (EPRI) jhas announced that a pilot project testing an advanced chilled ammonia process has demonstrated more than 90 percent capture of carbon dioxide (CO2) from the flue stream of at a coal-fueled power plant in Wisconsin. At a press conference at We Energies' Pleasant Prairie Power Plant, which hosted the project, We Energies ... read more |
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