Not forex related, for now, just an item that might be of interst.
- Japanese engineering company IHI will conduct experiments on their turbine system to generate electricity from ocean currents.
- the first large-scale attempt to harness such ocean energy
IHI unveiled a 30-ton prototype
- will be capable of generating 100 kW of energy from rear propellers
- The test will take last for over a year
Japan is very dependent on imported fuel, so it will be interesting to see how this pans out. If it works, less yen to be spent on importing oil/gas and what have you.
