Time-varying rates is an effective way to satisfy customer demands.
But guiding their companies in times of change is a challenging task.
Lockheed Martin signed a contract with Victorian Wave Partners Ltd. to begin developing the world's largest wave energy project announced to date. The 62.5-MW peak power wave energy generation project will be built off the coast of Victoria, Australia, using the PowerBuoy wave energy converter technology of Ocean Power Technologies (OPT). The project is scheduled to be built up in three stages, with the first stage producing approximately 2.5-MW peak power.
Utility transformation guided by improved customer insight.
GE was awarded a contract with its consortium partner, Downer EDI Limited to supply, build and maintain 67 turbines at the $350 million Boco Rock wind farm in New South Wales, Australia. In addition to supplying and commissioning the wind turbine generators, GE will also provide $50 million worth of maintenance services over 10 years. The wind farm will be located outside of Nimmitabel, in the New South Wales Snowy Mountains region, and is permitted for potential future expansion to 121 turbines.