Lockheed Martin [LMT] has signed a contract with Victorian Wave Partners Ltd. for the world’s largest wave energy project off the coast of Australia, the company said Tuesday. “This is a significant step toward making ocean energy commercially available,” a statement said. Once completed, the project will peak at 62.5 megawatts, enough to power roughly 10,000 homes. The project will harvest energy generated by the surface motion of ocean waves, which are more predictable than other renewable energy sources such…
