Optimal Energy Gets Flywheel Technology ContractNovember 28, 2001 by Jeff Shepard
Optimal Energy Systems Inc. (Torrance, CA) has been awarded a contract from Lockheed Martin Astronautics (Denver, CO) to provide flywheel technology for the second-generation reusable launch vehicle program. The total value of the contract is approximately $600,000.
A flywheel power module, to be developed under the contract, will provide electrical power peak reduction using the module's pulse-energy technology. The flywheel technology would produce electrical power for space vehicles at a lower weight with greater efficiency than battery systems.
"This Lockheed Martin multi-phase contract is in keeping with our overall business plan," said Dwight Swett, Optimal president. "Being selected to provide technology for this important national space program is very significant since it validates our leadership in this new technology."