Mineral Accretion Technology

Consider the following statements with reference to the Mineral Accretion Technology:

  1. Mineral Accretion Technology is a coral reef restoration technology that utilizes low voltage electricity to improve the health and growth rates of corals and other marine organisms.
  2. As electricity flows to the metal structures placed underwater, minerals, much the same as those the corals use to create their skeletons, fall out of the water and accumulate onto the structure, thus giving the technology its name.

Which of the statements given above is/are correct?

Only 1
Both 1 and 2
Only 2
Neither 1 nor 2