Japan to develop tidal energy project Japan's New Energy and Industrial Technology Development Organization (NEDO) has selected IHI Corp. and Toshiba Corp. to develop an underwater floating-type ocean current tidal energy turbine system as part of a US$501 million effort. The specific location for the system, which includes two counter-rotating turbines, and its generating capacity are not immediately known. Each unit is to be anchored to the sea floor and floats like a kite, according to Toshiba. IHI will manufacture the turbine and floating body while Toshiba will supply electrical systems such as the generator. An exact completion date has not been announced, but the project is expected to continue until 2017.
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