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Stock impact report

A space program that never leaves Earth [Yahoo! Finance]

SKF AB S/ADR (SKFRY) 
NASDAQ:AMEX Investor Relations: skf.com/group/investors/investor-relations
Company Research Source: Yahoo! Finance
One of the largest bearing manufacturers SKF , and ocean energy developer Minesto are launching a space program to harness the Moon's energy by leveraging the power of the tides. This space program aims to utilize the resources we already have right here on Earth. "Imagine a future powered by the tides of the Moon. This unique project dares to dream big and is exploring the potential of renewable tidal energy. At SKF we are proud to be a part of this down-to-earth project that aligns with our values and our ambition to create a more sustainable world," says Annika Ölme, CTO & SVP, Technology Development, SKF. Over the past year, SKF and Minesto have been pioneering tidal energy using tidal kites in the Atlantic Sea outside the Faroe Islands . The mission is to harness the Moon's power for predictable and renewable energy. After its successful launch into the ocean, the tidal kite called LUNA is flying underwater, invisibly and silently harvesting energy from the Moon – no matter t Show less Read more
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