US aerospace firm Lockheed Martin has launched a new business to combine its energy products and technologies into a single commercial line of business.
Known as Lockheed Martin Energy, its newly appointed vice president Frank Armijo said the company would focus on its business growth strategy, enhance collaboration and advance new technology.
The business offers lithium-ion and flow battery technology for turn-key energy storage systems (ESS) for commercial, industrial and utility applications.
It will also provide energy management systems and solutions to improve the transmission, distribution and use of power for utilities, commercial enterprises and government agencies.
Mike Friedman, communications manager at Lockeed Martin Energy, said the firm’s modular ESSs were designed for performance, reliability and low total cost of ownership.
The energy storage portfolio will include behind-the-meter and front-of-meter solutions, ranging from 125kW to multi-MW, for both medium (up to four hours) and long duration (beyond four hours).
Friedman told BBB: “We are uniquely positioned to offer energy storage solutions due to our key strengths in technology innovation and our world-class systems integration capability, leveraging decades of delivering mission-critical systems.
“Our medium duration modular (increments of 125kW) lithium-ion systems are optimally designed for low-total cost of ownership, ease of installation, and compact footprint.
“These systems can help commercial and industrial customers reduce their electric bills, help utilities defer costly transmission and distribution infrastructure upgrades, and enable the integration of behind-the-meter customer renewable electricity production.
“For longer duration applications required by growing intermittent wind and solar generation, our team has been hard at work for the past five years to develop long-duration, high energy, systems that are low cost, safe and reasonably compact.
“Flow batteries can achieve low-cost at long discharge time, if the chemistry is designed right. The key challenge has been making them cost effective, safe and compact.
“We are pioneering innovative long-duration flow battery systems. Our coordinated chemistry flow battery (CCFB), drives down costs and increases safety, performance and site-ability over traditional flow battery systems.”
Picture: Frank Armijo, the Vice President of Lockheed Martin’s energy business