Victoria

Action by Choice

Time-varying rates is an effective way to satisfy customer demands.

In the 21st century economy pivoted on customer choice, opt-in is the path to tread in the provision of time varying rates to electricity customers.

Lockheed Martin and Victorian Wave Partners Sign Contract to Start Development of World’s Largest Wave Energy Project

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.