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Interim Management Statement 1 January – 31 March 2025

Financial Reports

30 april 2025

CEO Dr Martin Edlund: ”Record public exposure and solid progress”

Minesto publishes the Annual Report for 2024

Financial Reports

25 april 2025

Minesto’s Annual Report in Swedish for the financial year 2024 is now available on the company’s website.

Minesto publishes Year-End Report 2024

Financial Reports

27 februari 2025

CEO Dr Martin Edlund: “Minesto has now demonstrated competitive renewable energy production from an untapped natural resource based on a truly novel and proprietary innovation.”

Minesto publishes Interim Management Statement 1 January-30 September 2024

Financial Reports

24 oktober 2024

CEO Dr Martin Edlund: “During third quarter we have completed the business case for project investment in Hestfjord Phase 1 (Faroe Islands) based on Dragon 12 test results. We have also hosted numerous visits from both local and international partners at our facility in Vestmanna.”.

Minesto publishes Half-Year Report 2024

Financial Reports

22 augusti 2024

CEO Dr Martin Edlund: “Minesto’s second quarter has been characterised by business development driven by the success of Dragon 12” and “We have an ambitious autumn and winter ahead of us”.

Interim management statement 1 January – 31 March 2024

Financial Reports

25 april 2024

CEO Dr Martin Edlund:” Minesto’s first quarter has been significant and lays the foundation for the company’s path towards buildout of commercial arrays. We now have full focus on business development to secure commercial rollout”.

Minesto publishes Year-End Report 2023

Financial Reports

26 februari 2024

CEO Dr Martin Edlund: ”Historic milestone reached – Dragon 12 energy production to the grid paves the way for buildout of commercial arrays”.

Interim Management Statement 1 January-30 September 2023

Financial Reports

19 oktober 2023

CEO Dr Martin Edlund:” Minesto has a unique competitiveness in the global energy transition”

Minesto publishes Half-Year Report 2023

Financial Reports

17 augusti 2023

CEO Dr Martin Edlund:” With the second quarter, we further accelerate our focus on driving large-scale, project-based sales of tidal energy arrays, where reference installations of our smaller power plant Dragon 4 are the key to long term business.”

Interim Management Statement 1 January-31 March 2023

Financial Reports

20 april 2023

CEO Dr. Martin Edlund: “The need for our tidal energy technology in the global energy transition has never been more clear and accurate than now”

Minesto publishes the Annual Report for 2022

Financial Reports

24 februari 2023

Minesto’s Annual Report in Swedish for the financial year 2022 is now available on the company’s website.

Minesto publishes Year-End Report 2022

Financial Reports

24 februari 2023

CEO Dr Martin Edlund: Minesto’s ocean energy technology is now part of the planning and evaluation in the renewable energy transition across the world. 

Interim Management Statement 1 January-30 September 2022

Financial Reports

20 oktober 2022

CEO Dr. Martin Edlund: “Significant potential for green electricity through tides and ocean currents is found in Southeast Asia. At the time of publication of this text, I am on an extensive meeting tour in Japan, Taiwan, Indonesia, and the Philippines; with the aim of accelerating the establishment in one of our most important future markets.”

Minesto publishes Half-Year Report 2022

Financial Reports

18 augusti 2022

CEO Dr Martin Edlund: “There are immediate opportunities where our small scale systems and competitive LCOE profile make a difference”.

Interim Management Statement 1 January-31 March 2022

Financial Reports

21 april 2022

CEO Dr. Martin Edlund: “With a strong confidence from our financial partners, we continue our dedicated work to demonstrate tidal energy as a commercially viable energy source.”

Minesto publishes the Annual Report for 2021

Financial Reports

24 mars 2022

Minesto’s Annual Report in Swedish for the financial year 2021 is now available on the company’s website.

Minesto publishes Year-End Report 2021

Financial Reports

17 mars 2022

CEO Dr Martin Edlund: “Minesto’s next generation marine power plants are commercially ready to demonstrate the viability of marine energy as indispensable baseload power in a fully renewable energy system. We are, to say the least, excited to demonstrate the commercial potential of the dragons during the year.”

Interim Management Statement 1 January–30 September 2021

Financial Reports

21 oktober 2021

CEO Dr Martin Edlund: “The development of Dragon Class demonstrates both the technology’s inherent competitiveness and our employees’ ability to efficiently refine the product with customer value in focus. There are further technical advances to be made in the future, but we are confident that the performance, robustness, and functionality of the Dragon Class sets the right platform for commercial scale-up.”

Minesto publishes Half-Year Report 2021

Financial Reports

19 augusti 2021

CEO Dr Martin Edlund: “The solid financial position together with the technical and operational progress during the year has provided a powerful platform to deliver our existing projects, scale up the technology, expand industrial collaboration and establish new projects.”

Interim Management Statement 1 January–31 March 2021

Financial Reports

22 april 2021

CEO Dr Martin Edlund: “The satisfactory results from operations in the Faroe Islands, both in terms of electricity production and the DG100 system’s performance in automatic mode, provides the right conditions and significant risk reduction to drive the development of larger power plants and the first commercial farms.”

Minesto publishes Year-End Report 2020

Financial Reports

18 mars 2021

CEO Dr Martin Edlund: “Despite the coronavirus pandemic, during 2020 Minesto has advanced its positions both in technology through delivery to the electricity grid, and on the market side by establishing partnerships with key players in the energy industry.”

Interim Management Statement 1 January–30 September 2020

Financial Reports

22 oktober 2020

Minesto’s CEO Dr Martin Edlund: “The installation activities during the summer showed good progress towards the realisation of cost-effective procedures for the installation and maintenance of Minesto’s power plants. We are now looking forward to demonstrate the commercial viability of our technology and the customer values that this product creates.”


Minesto AB
J A Wettergrens gata 14
421 30 Västra Frölunda
Sweden
+46 (0) 31-29 00 60


Minesto UK Ltd
Assembly Hall
Turkey Shore Road
Holyhead LL65 2DE
United Kingdom
+44 1 407 762907


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