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Navy Awards Lockheed Martin $8 Million Contract for OTEC

October 2, 2009
By Katie Packard

The U.S. Naval Facilities Engineering Command has awarded Lockheed Martin an $8.12 million contract to further develop Ocean Thermal Energy Conversion (OTEC) technology, which leverages the temperature difference between warmer water at the ocean's surface and colder water below to produce renewable and reliable power.