It is the first agreement between the two companies for a large-scale renewable energy project, but they have worked together previously on systems for US homeland security and maritime surveillance. Ocean Power will provide project and site development expertise, power take-off and control systems, and its PowerBuoy wave-generation technology. Lockheed Martin will be responsible for construction, systems integration and deployment of the plant, as well as operations and maintenance services.
Lockheed and Ocean Power to join forces for coastal project
Lockheed Martin and Ocean Power Technologies will collaborate in developing a utility-scale wave power-generation project.
29 January 2009 23:00 GMT
Updated
25 November 2012 9:13 GMT
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