September 21 (SeeNews) - US security and aerospace company Lockheed Martin (NYSE:LMT) on Tuesday cut the ribbon on a waste-to-energy plant at its facility in Owego, New York.
The system uses technology of waste management company Concord Blue which turns waste into electricity through a process called advanced gasification.
Lockheed Martin and Concord Blue have signed an agreement to jointly develop waste conversion systems and the 250-kW plant at Owego is the first demonstration of the technology, says Lockheed Martin's website. The firms are currently building a bioenergy plant in Herten, Germany with a capacity of 5 MW.
"At our bioenergy facility in Owego, we're able to reduce our own energy costs while also demonstrating the groundbreaking capability of our technology to potential users," Frank Armijo, vice president of Lockheed Martin Energy, said in a statement on Tuesday.
The system will provide power for Lockheed Martin's Owego operations, where it designs and builds space-flight hardware, military helicopters and fixed-wing aircraft.