TOKYO--(BUSINESS WIRE)--IHI Corporation (TOKYO:7013)(“IHI”) and Toshiba Corporation (TOKYO:6502)(“Toshiba”) have been selected by Japan’s New Energy and Industrial Technology Development Organization (“NEDO”) as co-researchers in the “Research and Development (“R&D”) of Ocean Energy Technology - Demonstration Research of Ocean Energy Power Generation”. After concluding the formal contract with NEDO, we will conduct demonstration research of a turbine system driven by the ocean current. IHI
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