CenterCut: Ocean Power Technologies in Lockheed deal

Saturday, October 17, 2009

Ocean Power Technologies in Lockheed deal

By Richard L. Wottrich, Blog Editor

OceanPower has signed an engineering agreement with Lockheed Martin to produce its PowerBuoys in quantity on a utility scale.

OceanPower is developing power systems that use wave movement via offshore buoys to generate electricity. It will work with Lock heed to develop wave power systems on a utility scale. The project contemplates a 10MW power station covering 30 acres off the US west coast.

OceanPower has signed similar agreements with Idemitsu Kosan, the energy company; Mitsui Engineering and Shipbuilding; and Japan Wind Development.

OceanPower also has announced a $2.4m contract with the US Navy, which is developing systems powered by buoys in order to enhance the protection of US ports from terrorist attack.

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CenterCut - Alternative Energy & Sustainability

Centercut tracks the political implications of policy, tax subsidies, and direct grants on alternative energy and sustainability projects worldwide.

We review articles and scientific journals the world over to discern emerging and replacement technologies, political trends and the occational intellectual cul-de-sac.

In a world under severe stress all systems require new thinking. It is imperative that sustainability and alternative energy become mantras for creative destruction and cascading innovation. Small incremental advances will 'ripple' across our fragile orb in waves of change unimagined.

Blog Editor: Richard L. Wottrich

CenterCut = Center of Gravity

The greatest challenges in life are gifts that force us to search for a new center of gravity.

Einstein said, “The most beautiful thing we can experience is the mysterious. It is the source of all true art and science.” But the mysterious absent wisdom is noise, just as knowledge absent experience is irrelevance.

We are either a marvelous human race celebrating the ascendancy of humanity, science and technology, or we are the miscreants who have created a dysfunctional world under severe stress. Our blessing is that we still have a choice.

Richard L. Wottrich

Centercut Definitions

Alternative Energy - Energy Systems derived from sources that do not deplete irreplaceable natural resources or harm the environment.

Sustainability - The ability to maintain balance of a certain process or state in any system, especially related to the depletion of world energy and water resources at a rate that cannot be replaced.

Stakeholders - The end-users or clients, the people from whom requirements will be drawn, the people who will influence the design and, ultimately, the people who will reap the benefits of a completed project.