Intranet Catprocess
  1. The news
  2. The energy
  3. Technologies
  4. The actors
  5. Personalities
  6. Contacts
  1. 2014.03.04 Lockheed had struck a deal with Ocean Power Technologies

    Investors were excited this Tuesday by the announcement that Lockheed Martin had struck a deal to work with Ocean Power Technologies on a planned wave energy project in Victoria, Australia.

    It makes some sense when you think about it: Lockheed Martin is a giant, established company, so its involvement in the Victoria project could be seen as a sign that the project is moving forward and that OPT’s business in the fledgling wave industry can grow. Then again, we’ve kind of been here before.

    An OPT wave energy converter (image via Lockheed Martin)

    And if that doesn’t have you spiraling into déjà vu, check out the quotes from Lockheed execs with each announcement.

    2012: “Lockheed Martin is applying its expertise to commercialize promising, emerging alternative energy technologies,” said Dan Heller, vice president of new ventures for Lockheed Martin’s Mission Systems & Sensors business. “We see great potential in harnessing the vast power of the ocean. By working with OPT and Australian industry on this project, we will advance wave energy in Australia and globally.”

    2014: ”We are applying our design and system integration expertise to commercialize promising, emerging alternative energy technologies, including ocean power,” said Tim Fuhr, director of ocean energy for Lockheed Martin’s Mission Systems and Training business. “This project extends our established relationship with OPT and Australian industry and enables us to demonstrate a clean, efficient energy source for Australia and the world.”

    Read the full article published by Earthtechling