OK-SAFE, Inc. Blog

July 1, 2009

Lockheed Martin invests in Solar Power?

Filed under: Education — Tags: , , , , , — oksafeinc @ 7:04 pm

This one is interesting.

As I read this article about how predicted solar flares in 2012 could potentially disrupt the electric grid, and thus all our lives, I noticed the Lockheed Martin reference.

Coincidentally, or not, Lockheed is investing in solar power.

1) Tech Article:

Excerpt: “Namely, a decade of major solar storms forecasted to peak in late 2012, which more and more non-kooky scientists—including NASA, NOAA and The National Academies of Science (part of the U.S. Congress)—say could wipe out the world’s electrical grids as well as all satellite, Internet, network and wireless communications for years.”
“Is Anyone Not Wearing a Tin Foil Hat Worried?
What makes this matter now worthy of your time is this: Many of the newly concerned are not wearing crystals, feathers, patchouli or tin foil hats, but government ID badges, military uniforms, lab coats and suits. Dawning attention to the economic and political effects of solar storms comes from, among others, NASA, the U.S. Department of Defense, National Academy of Sciences, National Academy of Engineering and National Research Council (NRC). Also involved: major utilities and aerospace firms such as Lockheed Martin.”

You have to ignore the snarky attitude about information only being ‘legitimate’ if it comes from the government or someone with credentials. The author encourages the reader to study the National Research Center report for supporting information.

2) Lockheed Martin article on investing in solar power:
An Unexpected Player in the Solar Market
By Jennifer Schonberger
June 29, 2009

“If you were looking for a reason to invest in Lockheed Martin (NYSE: LMT), here’s an unconventional one: solar power.

That’s right: The global security company has entered the solar power space — and it has big plans.

A widening market
As the government ramps up incentives and funding for solar power and other renewable energy sources, solar has shown the potential to be the next “megatrend.”

This year, the federal government will dedicate $170 million to solar power projects alone. Congress has renewed the solar power investment tax credit for eight years. Most importantly, the need to build solar-powered utilities comes as states have enacted aggressive renewable portfolio standards that require utilities in those states to progressively generate a certain percentage of power through renewable means.
Lockheed is prepared to take a bite out of this space.”

3) Given the scope of the massive energy bill (H.R. 2454) working its’ way through Congress right now (passed the House 219-212 6/26/09), and the mandates therein for alternative energy sources, electric vehicle infrastructure, etc., I smell a rat.

I have no idea if something is actually going to ‘happen’ in 2012 – that’s up to God. The scheming down here though, is strictly man-inspired – greed.

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