Utilities have been joining forces with ocean energy technology companies.rnVoith Hydro and RWE Innogy have announced the formation of a joint venture to accelerate the development, manufacture and marketing of ocean current generation technologies.rnUnder the terms of the alliance, 20% of the new company - Voith Hydro Ocean Current Technologies - will be held by RWE Innogy, which will make a 'significant capital investment.' Voith Hydro will hold the remaining equity, with the total investment guaranteed by both partners over the next few years, totalling more than €30 million.rnBy the end of this year, Voith says, the first of its 110 kW prototype subsea gearless turbine generators are due to be deployed and tested off the South Korean coast.
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