Lockheed Martin to Build World’s Largest Wave Power Facility in Australia

By John Daly | Oil Price

The world’s largest defense contractor, U.S. Lockheed Martin Corp., better known for its military weaponry programs, is beginning to back renewable energy.On 11 February the Bethesda-based Lockheed Martin Corp. announced that it had signed a contract to develop a 62.5-megawatt peak power wave energy generation project off Victoria, Australia, calling it a "significant step toward making ocean energy commercially available. " The facility will be the world's largest wave energy project.

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