US Navy signs $8 million OTEC deal with Lockheed Martin

Slightly old news is that Lockheed Martin has penned a deal with the US Navy in September 2009 to “develop critical OTEC system components and further mature its design for an OTEC pilot plant, an incremental step in developing large-scale utility plants. A key part of maturing the plant design includes developing an interface between the system’s cold water pipe and the platform“. The deal is worth just over US$8 million.