The partnership agreement covers a worldwide systems integration alliance, as well as design and engineering services, to support the development and delivery of the Atlantis system.
In addition, the companies have entered into a contract for the turbine design and engineering services. The agreement will provide an opportunity for Lockheed Martin to invest in tidal energy technology and joint projects through design, component development and systems integration services.
Under the agreement, the companies will develop and demonstrate the first Atlantis 1.5MW AR1500 turbine nacelle being installed at its Fundy Ocean Research Centre for Energy (FORCE) berth. In 2011, the companies partnered on the project with Lockheed Martin providing EPC services for the turbine.
Backed by a $5m grant from the Sustainable Development Technologies Canada fund in February 2013, Atlantis expects to deploy the FORCE project in 2015.
Atlantis CEO Tim Cornelius said that having gained experience from the development and testing of its previous turbine systems over the past five years, Lockheed Martin will now work to complete the detailed design of our AR1500 system being deployed at the FORCE facility in early 2015.
