- March 1, 2016: Vol. 3, Number 3

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Kissing the Sky: Lockheed Martin signs its first major renewables deal

by David Labrador

Aerospace, defense and advanced technology company Lockheed Martin announced that it had concluded a deal to buy 30 megawatts of solar power from Duke Energy Renewables, a Business Renewables Center sponsor and part of Duke Energy.

The Lockheed Martin deal comes on the heels of January announcements from Salesforce and Steelcase that they were signing renewable energy agreements. Salesforce has signed a 12-year virtual power purchase agreement for 24 megawatts of wind power from a Texas wind farm, and Steelcase has agreed to a 25-megawatt wind power contract with Apex Clean Energy.

It is a promising start for 2016 after a record-setting 2015.

“Lockheed Martin is one of the first corporations to announce a major renewable energy deal in early 2016, but more importantly it joins a growing list of leading corporations signing these deals for the first time,” says Hervé Touati, a managing director at RMI and head of the Business Renewables Center (BRC).

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