The proposal to radically increase automobile electrification has its detractors, including those who point to pitfalls that could come to a world attempting to shift energy demands away from petrochemicals to electricity.
In among the effort to make yet dreamed-for scenarios feasible, researchers are working on sustainable energy technologies with one collaboration now taking place between Lockheed Martin and Ocean Powers Technologies (OPT) to develop the largest wave power generation project yet.
Located off the southern coast of Australia in Portland, Victoria, the PowerBuoy Technology that’s been tested by the U.S. Navy is expected to send 19 megawatts to shore via underwater cables.
The principle is simple in concept. PowerBuoys moored in relatively shallow waters utilize a piston that generates electricity as natural ocean currents rise and fall.
The project anticipates 45 PowerBuoys and five Undersea Substation Pods. The 19 megawatts is expected to power 10,000 average homes and the system is scalable to potentially generate 100 megawatts – enough for more than 50,000 homes.
Lockheed Martin will work with OPT to design and produce the PowerBuoys for this project, and will also supply some of the components, assist in marketing, and ultimately will manage the program.
Partial funding for the project will come from a AUD$66.5 million (US$67.6 million) grant awarded to OPT from Australia’s Department of Resources, Energy and Tourism.