A letter of intent to buy tidal energy turbine developer SeaTech Energy, was been signed by FutureWorld Energy yesterday (13th May). Commenting on the move, Sam Talari, acting CEO of FutureWorld said; "Upon successful due diligence of technologies that could change the face of renewable energy around world, we have come to the conclusion that no other renewable energy will be more consistent than power of world's oceans. Marine energy has some distinct advantages over its chief rival, wind power. Water is 850 times denser than air, allowing tidal turbines to produce about 40 times more power than windmills. Though tidal, wave and wind strengths all fluctuate; marine energy is far more predictable than wind. Tidal flows can be forecast years in advance."  

Talari concluded; "SeaTech's team has proven immense core competency in acquisition and development of the best technology to harness the ocean energy. Although there are only few major competitors and the technology is at its infancy, we believe that our participation within this industry will guarantee our leadership position, our vision of the future world energy and profitable investment on behalf of our investors."