Our business concept is to develop and sale technology for cost-efficient electricity production from tidal and ocean currents.
Minesto’s long-term ambition is to primarily be a product developer, selling power plants to site developers and energy companies as the core business model. However, as the tidal energy industry is at an early stage of development, the company has to adapt and evolve its positioning in the value chain as the industry matures.
Thus, to fully capitalise on the competencies and IP assets of the company, Minesto’s business model focuses on four main revenue streams:
• Sales of products
• Sales of spare parts
• Services in site (project) development
• Geographical licensing