Lockheed is partnering with wave power company Ocean Power Technologies to develop a utility-scale project off the coast of California or Oregon. Lockheed will construct and run the project while Ocean Power will provide its Powerbuoy generators. OPT’s PowerBuoy system extracts the natural energy in ocean waves, and is based on the integration of patented technologies in hydrodynamics, electronics, energy conversion and computer control systems. The PowerBuoy is a sophisticated system capable of responding to differing wave conditions.The Lockheed-Ocean Power project would be the first commercial wave farm which generates reliable, clean, and environmentally-beneficial electricity in the U.S.

This is a big green step for Lockheed, and a real forward thinking investment in the company’s future. By getting into wave power, Lockheed is doing it’s best to solidify it’s place in the future’s more eco-friendly business world. Oceans are considered by scientists and engineers to be one of the most powerful sources of energy on earth and studies have shown that harnessing that energy could power the entire planet twice over.