Tremendous potential exists for clean energy in waves and tides. Lockheed Martin is leveraging its experience and expertise with maritime systems to design and develop wave and tidal power systems. Lockheed Martin’s strength is combining technology, systems, services and industry teams to create original solutions. To make this vision a reality, we are pursuing strategic relationships with technology leaders.
Wave power generates electricity using special buoys that use the rising and falling of ocean waves to generate electricity. Lockheed Martin has partnered with Ocean Power Technologies, Inc. (OPT), a leader in wave energy development, to design and produce OPT’s PowerBuoy® technology. Lockheed Martin recently signed a contract with Victorian Wave Partners Ltd. – an Australian special purpose company owned by Ocean Power Technologies Australasia Pty Ltd. – to develop a 62.5-megawatt peak power wave energy generation project – the world’s largest announced to date – in Victoria for the Australian government.
Tidal power generates electricity using underwater turbines designed to capture the kinetic motion of ebbing and surging ocean tides. Lockheed Martin has entered into a global partnership with Singapore-based Atlantis Resources Limited, a leading turbine supplier and project developer in the tidal power industry, to design and provide engineering services for Atlantis’ turbine systems. Lockheed Martin recently signed a contract with Atlantis to provide engineering services for detailed design and design integration relating to the yaw and pitching system of Atlantis’ next generation turbine – the AR1500. The AR1500 is expected to be deployed in Pentland Firth for the MeyGen project – the world’s largest tidal stream project under development.