Lockheed Martin Buys Energy Storage Firm
Lockheed Martin has completed the acquisition of substantially all of the assets of Sun Catalytix of Cambridge, Mass. Lockheed Martin says the purchase complements its existing capabilities in the area of energy management and efficiency. The purchase includes certain intellectual property, contracts, facilities and the transfer of the company’s approximately 25 employees to Lockheed Martin. The terms of the agreement were not disclosed.
Going forward, the operation will be known as Lockheed Martin Advanced Energy Storage and will be a wholly-owned subsidiary of Lockheed Martin.
Sun Catalytix has been developing a scalable energy storage technology. Current efforts focus on the design, synthesis and electrochemical testing of an energy storage chemistry derived from low cost, earth-abundant materials.
Why bring buildings online? What information can operations teams glean from real-time data that they can’t just get from the monthly data provided by utility companies? Click to learn more.
- Existing Building Technologies Combine for Increased Savings
- The Future of Operational Risk Management: The Oil & Gas and Chemicals Approach
- 2014 Environmental Leader Product and Project Awards
- 2013-2014 Winter Polar Vortex
- Improve Your Company's Environment and Energy Performance
- Energy Financing Report
- Unlocking the Value of Energy & Operational Data
- Let's Do The Math for DR
- Smart Companies Utilize Integrated Energy Solutions
- Best Practices in Electricity Procurement
- Cut Costs and Improve Facility Operations with Energy Data
- Energy Procurement Strategies for Winter 2014 and 2015
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management