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.
- Top 3 Reasons to Calculate Your Environmental Footprint
- Six Essential Steps to Drive Effective Energy Management
- Essential Guide to Lighting Retrofits and Upgrades
- Integrating sustainability into your ERM framework
- The Business Case for Corporate Sustainability Tools
- Alarms Management: The Future is Now
- Guide to Energy, Carbon and Environmental Software
- BuildingIQ Security
- The Guru’s Guide: Implementing Environmental ERP Systems
- Integrated Building Optimization
- 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
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement