Lockheed Martin Inks Agreement with Waste-of-Energy Firm

- by Eric Rein­hardt, Octo­ber 13, 2014, Busi­ness Jour­nal News Network

OWEGO, N.Y. — Lock­heed Mar­tin Corp. (NYSE: LMT) has signed a man­u­fac­tur­ing agree­ment with Con­cord Blue Ener­gy, Inc. to pro­vide all man­u­fac­tur­ing sup­port for the firm’s reformertechnology.

That tech­nol­o­gy con­verts waste to ener­gy using advanced con­ver­sion technology.

Lock­heed Mar­tin is now the “exclu­sive man­u­fac­tur­ing provider” of the Con­cord Blue reformer, Lock­heed said in a news release dis­trib­uted on Friday.

Con­cord Blue spe­cial­izes in trans­form­ing near­ly any form of waste into a vari­ety of clean, renew­able fuels and energy.

Con­cord Blue USA, Inc. is head­quar­tered in Los Ange­les. The firm also oper­ates inter­na­tion­al offices in India, Ger­many, and Dubai.

Lock­heed Mar­tin and Con­cord Blue Ener­gy, Inc. in 2013 reached an agree­ment to offer an advanced waste-con­ver­sion sys­tem to address waste dis­pos­al, ener­gy secu­ri­ty, and cli­mate-con­trol issues.

Advanced waste con­ver­sion is an “emerg­ing” tech­nol­o­gy that uses gasi­fi­ca­tion process­es to con­vert waste prod­ucts to elec­tric­i­ty, heat, and syn­thet­ic fuels, accord­ing to the Lock­heed news release.

It address­es the cur­rent bur­den on land­fills, con­ven­tion­al incin­er­a­tion, and fos­sil fuels, along with the desire for green-base­load ener­gy, Lock­heed said.

Con­cord Blue’s waste-to-ener­gy process employs a patent­ed tech­nol­o­gy called steam ther­mol­y­sis to con­vert waste mate­r­i­al using heat trans­fer instead of incin­er­a­tion, “effi­cient­ly” pro­duc­ing syn­gas with­out combustion.

Head­quar­tered in Bethes­da, Md., Lock­heed Mar­tin Corp. is a secu­ri­ty and aero­space com­pa­ny that employs about 113,000 peo­ple glob­al­ly. The firm focus­es on the research, design, devel­op­ment, man­u­fac­ture, inte­gra­tion, and sus­tain­ment of advanced tech­nol­o­gy sys­tems, prod­ucts, and services.

The cor­po­ra­tion gen­er­at­ed net sales of $45.4 bil­lion in 2013.