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Lockheed Martin Working To Convert Ocean Thermal Energy Into Power

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By Eric Lindeman Supported by two $1 million grants from the Departments of Energy, Lockheed Martin [LMT] is pursuing development and pilot demonstration of technologies to convert the ocean's thermal energy into electricity. The two grants, which Lookheed Martin received earlier this month, will be used to advance commercialization of Ocean Thermal Energy Conversion (OTEC) technologies--using the temperature difference between warm surface water and colder deeper water to power a turbine generator that produces electricity. In an OTEC generating plant,…

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