Lockheed Martin Corp and China’s Reignwood Group will build a plant to generate electricity from differences in ocean temperatures, using technology the US defense company previously worked on in the 1970s.
The 10-megawatt facility powered by ocean thermal energy conversion, or OTEC, may spur use of a technology that has the potential for billions of dollars of projects, Bethesda, Maryland-based Lockheed said on its website. The plant will produce power for a Chinese resort being built by Reignwood.
“Benefits to generating power with OTEC are immense,” Dan Heller, vice president of new ventures for Lockheed Martin mission systems and training, said in yesterday’s statement. “Constructing a sea-based, multimegawatt pilot OTEC power plant for Reignwood is the final step in making it an economic option to meet growing needs for clean, reliable energy.”
While OTEC systems are able to produce round-the-clock power, clean drinking water and hydrogen for use in electric vehicles, there are no commercial-scale plants in operation.
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