Lockheed Martin Rides Energy Innovation Wave

Amid further moves into clean energy, Lockheed Martin recently purchased Sun Catalytix for its patents and new business plan to produce affordable “flow batteries” made from low-cost and abundant materials for grid-scale and commercial-scale storage. Sun Catalytix previously aimed to develop an artificial form of photosynthesis called “artificial leaf” to harvest hydrogen from solar energy, but it proved too costly.

Although Lockheed has long been active in clean energy (keep reading for our analysis) its v.p. of new ventures recently stated that the company is giving significant attention to the energy market now.

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