Lockheed Martin and Reignwood Group to Develop Ocean Thermal Energy Conversion Power Plant

Lockheed Martin Reignwood Group MOUToday, Lockheed Martin has announced that it is working with Reignwood Group to develop an Ocean Thermal Energy Conversion (OTEC) pilot power plant off the coast of southern China. A memorandum of agreement between the two companies was signed in Beijing on Saturday. Following the ceremony, both companies met with United States Secretary of State John Kerry during his first official state visit to the People’s Republic of China.

The 10-megawatt offshore plant, to be… Continue reading

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