FAQ

Technology – How does it work?

Our lightweight and hydrodynamic Dragons ‘fly’ through dense water flows, significantly increasing the rate of energy generated. By adding this step of energy conversion, Minesto can cost-effectively produce electricity in areas where no other known technologies can operate. This greatly expands the global tidal and ocean currents’ extractable potential. 

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Electricity Production – How much electricity can a Dragon produce?

A utility scale dragon with a rated power of 1.2 MW (Dragon 12) is estimated to produce 3.5 GWh in annual yield.  

This can power approximately 200 villas* for one year.

*Calculated based on a large villa in the Nordic region with an energy consumption of 17 000 kWh/year.

3.5GWh annual production / 17,000 kWh annual consumption = 200 villas 

For average consumption data, please refer to country-specific sources such as Vattenfall. 

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Environmental Impact – What impact do your operations have on marine life?

As a technology developer of a new renewable, we continuously analyse and monitor environmental impact closely, from our first ocean testing in 2012, to today, and in the future.

Based on the broad range of studies and environmental research throughout the years, it is our belief that our kite technology operates in harmony with the marine life, with no observed negative impacts on the environment.

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Investment Opportunity – I am interested in investing, what should I do?

Great! The demand for renewable energy is increasing sharply and is expected to continue to do so as the world transitions to sustainable energy systems to combat global warming. Minesto offers power producers a unique and verified technology that enables the predictable production of green electricity from the ocean. Join us.

Minesto’s share is listed under the ticker symbol MINEST on Nasdaq First North Growth Market in Stockholm.

Dive deeper into Investment opportunities with Minesto. På Svenska. In English.
 

Interested in becoming a Project Investor? Get in touch to discuss our exciting opportunities – sales@minesto.com 

Project Opportunity – I have an interesting project opportunity, what should I do?

Minesto is open to new opportunities. Email us at sales@minesto.com and we will be in touch to discuss your project. 

Customer Opportunity – I am interested in adding predictable and affordable renewable electricity to my energy mix, what should I do?

That’s great!
Email us at sales@minesto.com and we will be in touch to discuss how we can support you to deliver reliable and affordable renewable electricity to your customers.