Lockheed Martin Purchasing Power from New Duke Solar Facility

 Lockheed Martin Purchasing Power from New Duke Solar Facility

Global security and aerospace company Lockheed Martin has entered a 17-year power purchase agreement (PPA) with Duke Energy Renewables (NYSE: DUK).

Per the PPA, Lockheed Martin will purchase 30 MW of electricity generated by Duke’s new 80-MW solar facility in Conetoe, North Carolina.  The solar energy will power Lockheed Martin’s domestic business segments.

Lockheed Martin already uses about 260,000 MWh of clean energy a year, including renewable energy credits, to meet about 16 percent of the company's electricity needs.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...