Lockheed Martin has developed and sold energy technology for years but never made a concentrated push into that market, until now.

The defense giant announced the other day the consolidation of its various energy businesses into a new entity called Lockheed Martin Energy, one that aims to take advantage of sweeping changes in energy, particularly in electric power.

“For decades, we have been investing in smart, natural and safe energy technologies,” Frank Armijo, the newly appointed vice president of Lockheed Martin Energy, said in a statement from the Bethesda, Md.-based corporation. (Read more)