A Swedish start-up company called Minestro is developing a system for harvesting energy from ocean currents. "Deep Green" consists of kites and turbines anchored to the ocean floor:
When operational, the turbine is expected to generate 500 kilowatts of power.
One of the big advantages of their technology, Minesto executives say, is its small size -- 12 meters for the wingspan and one meter for the turbine -- relative to other tidal-energy designs. [...]
The company hope to begin trials of a scale model in 2011 at Strangford Lough, in County Down, Northern Ireland -- which is already home to a commercial tidal power device operated by UK renewable energy company, SeaGen.
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The originators have not been given credit and the description of the technology has been taken in part from the trademark of UEK - Underwater Electric Kite. They are intellectually dishonest.
For instance, some argue that we (the USA) should use windmills to lower our dependency on foreign oil. However, the rare-earth elements used in windmills are almost all in China (source: http://www.washingtonpost.com/wp-dyn/content/article/2010/04/23/AR2010042302220.html )