Siemens acquires majority stake in Marine Current Turbines Ltd.

February 17th, 2012 by Siemens AG

Siemens has acquired the majority stake in Marine Current Turbines Ltd., the UK company based in Bristol, which develops and builds tidal power systems. “We will continue to drive the commercialization of this promising technology which harvest energy from highly predictable tidal streams. Our target is to secure a leading position in this future business.” […]