Investment bank Morgan Stanley (NYSE: MS) increased its stake in tidal power company Atlantis Resources Corporation, which is working to develop turbine arrays to harness the power of ocean currents, according to a Reuters artilcle.
Morgan Stanley is now the largest shareholder in the Singapore-based company.
Atlantis is planning to test one- and two-megawatts turbines next year, and hopes to begin installing commercial scale turbine arrays in 2012.
Read the full story.
Website: http://www.morganstanley.com
(Visited 2,984 times, 9 visits today)
Loading...