• Home
  • Ocean Energy
  • Our Technology
  • Products
    • Kite Systems
    • Site Development Services
    • Operations, Service and Maintenance
  • Projects
    • The Faroe Islands
    • Holyhead Deep
    • Taiwan
    • Strangford Lough
  • About us
    • History
    • Vision And Values
    • Business Model
    • Board Of Directors
    • Management
  • News
  • Career
  • Media Library
  • Contact
  • Investor Relations
    • Investera i Minesto
    • Nyheter
    • Finansiella Rapporter
    • Aktien
    • Bolagsstyrning
    • Företrädesemission 2023
  • Investor Relations
    • Rights Issue 2023
  • All
  • Financial reports
  • News
  • Press releases

Minesto raises SEK 161.6m through fully subscribed warrants program

Press releases

4 maj 2021

The warrants program TO3 in Minesto AB has been successfully completed. The program was fully subscribed, which means that Minesto adds SEK 161.6 million in proceeds before issue costs to secure the company’s commercial expansion. A total of 10,236,653 new shares in Minesto were subscribed for through the warrants program, corresponding to an exercise rate of 99.1 percent.

Notice to attend the Annual General Meeting of Minesto AB

Press releases

3 maj 2021

The shareholders of Minesto AB, org.nr 556719-4919 (”Minesto” or ”Company”), are hereby given notice to attend the Annual General Meeting to be held on Wednesday 2 June 2021.

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’s main owners and management exercise all their TO3 warrants

Press releases

16 april 2021

Minesto’s largest owners BGA Invest and Midroc New Technology have exercised all of their warrants of series TO3 in Minesto AB. Through this, Minesto will add approximately SEK 44.7 million in proceeds before issue costs, corresponding to approximately 27 percent of the total TO3 program. In addition, Minesto AB’s senior executives have also exercised all their TO3 warrants. The subscription period for TO3 runs until April 30, 2021– but please note that nominees may have an earlier deadline for exercising the warrants.

Minesto enhances and extends its IP protection with approved patent

Press releases

16 april 2021

Leading marine energy developer Minesto reinforces its already extensive patent portfolio covering the company’s unique ocean energy technology. Minesto has been granted a new patent by which the company extends the protection of its core technology.

Continued operational progress in the Faroe Islands

Press releases

13 april 2021

Leading marine energy developer Minesto continues to make operational progress in the company’s tidal energy project in the Faroe Islands. During electricity production runs over the last weeks Minesto’s DG100 power plant has delivered grid-compliant electricity at new record levels.

Minesto publishes the annual report for 2020

Press releases

25 mars 2021

Minesto’s annual report for the financial year 2020 is now available, in Swedish only, on the company’s website.

Minesto announces power production performance aligned with simulated predictions

Press releases

23 mars 2021

As part of the continued operations programme in its tidal energy project in the Faroe Islands, Minesto has made significant progress related to electricity generation to grid. The company’s DG100 power plant has reached peak power production performance above 110 kW with average power produced over a tidal cycle aligned with predictions in simulation runs.

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.”

Minesto and Schneider Electric join forces to commercialize marine energy

Press releases

12 mars 2021

Leading marine energy developer Minesto and Schneider Electric, the global leader in the digital transformation of energy management and automation, have entered a Memorandum of Understanding to work together to develop and build ocean energy farms based on Minesto’s Deep Green technology.

Minesto resumes operations in the Faroe Islands

Press releases

4 mars 2021

Leading marine energy developer Minesto continuous the operations programme with the DG100 tidal energy powerplant in Vestmannasund, Faroe Islands. This includes verification of electricity production together with the utility customer SEV and third-party certifier DNV. Personnel, hardware, and installation vessel have been mobilised and commissioning work is underway.

Minesto reaches historic milestone – delivers first tidal energy to the Faroese grid

Press releases

1 december 2020

As a part of the ongoing commissioning work of its DG100 tidal kite system Vestmannasund, Faroe Islands, leading marine energy developer Minesto has reached the milestone of delivering electricity to the Faroese grid facilitated by the Power Purchase Agreement with the utility company SEV.

Vestmannasund project update

Press releases

30 oktober 2020

Minesto is making progress at the company’s tidal energy site in Vestmannasund, Faroe Islands, in commissioning the DG100 kite system. To date Minesto has successfully verified the key kite system functions as well as conducted safe and efficient installation and recovery procedures.

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.”

Warrant program PO4 in Minesto AB completed

Press releases

22 september 2020

Senior executives in Minesto have subscribed for a total of 280,000 new shares in Minesto AB through the exercise of warrants of series PO4. As a result, all issued PO4 warrants in Minesto have been exercised and the company will add approximately SEK 7.4 million in proceeds through the warrant program.

Faroe Islands project update

Press releases

3 september 2020

Minesto has today announced that the company plans to continue commissioning activities in its tidal energy project in Vestmannasund, Faroe Islands in mid-October. Minesto has also verified the area for the first proposed array installation of its tidal kite technology in the Faroe Islands.

Minesto publishes Half-Year Report 2020

Press releases

20 augusti 2020

CEO Dr Martin Edlund: “The signals from the public sector remain positive in terms of financial support to accelerate the upscaling of renewable energy supply and to build the global economic recovery from a sustainable base.”

EIT InnoEnergy warrant program completed

Press releases

17 augusti 2020

The previously issued warrant program in Minesto AB aimed at the European investor EIT InnoEnergy has been completed. A total of 8,513,595 shares were subscribed for in Minesto through the warrant program.

Vestmannasund project update

Press releases

30 juli 2020

Minesto has completed the installation of subsea and onshore infrastructure in the company’s tidal energy project in Vestmannasund, Faroe Islands. Minesto also successfully installed the first DG100 tidal energy converter, but during the initial commissioning phase a mechanical failure occurred in the powerplant’s mooring interface and denied further operations.

Minesto’s CEO subscribes for shares through PO4 warrants

Press releases

10 juli 2020

Minesto’s CEO Dr Martin Edlund has subscribed for 120,000 shares in Minesto AB through the exercise of warrants of series PO4. Minesto will thus receive just over SEK 3 million in proceeds.

Minesto News Update 10 July 2020

News

10 juli 2020

· Minesto presents at the EU Sustainable Energy Week
· Jonas Millqvist elected new chairman of Minesto
· Pictures and video from the Vestmannasund installation activities
· Minesto’s first DG100 kite system named “Havfrúgvin”

Minesto to complete Vestmannasund installation during upcoming tidal windows

Press releases

3 juli 2020

Onshore and offshore installation work has been conducted throughout the week in Minesto’s tidal energy project in Vestmannasund, Faroe Islands, involving Minesto, SEV and supplier personnel. The subsea cable installation that connects to the electric grid was not completed as planned due to a technical issue occurring during cable laying.

Minesto News Update 12 June 2020

News

12 juni 2020

· Minesto invited as speaker at EU Sustainable Energy Week
· Pareto Securities initiates coverage on Minesto
· Photos: Minesto’s first offshore installation phase of the Vestmannasund project
· Minesto shortlisted as finalist in the renowned E-Prize awards

Minesto completes first installation phase of the Vestmannasund project

Press releases

8 juni 2020

Minesto progresses its tidal energy project in the Faroe Islands. The leading marine energy developer has completed the first offshore installation phase of the project, as the gravity-based foundation for the powerplant has been installed at the site in Vestmannasund.

Minesto’s CEO subscribes for shares through P0 warrants

Press releases

5 juni 2020

Minesto’s CEO Dr Martin Edlund has subscribed for 140,000 shares in Minesto AB through the exercise of allotted warrants of series P0.

Minesto News Update 15 May 2020

News

15 maj 2020

· Minesto features in CNBC report
· Video: Presentation at Redeye Next Generation Renewables
· Analyst: Three “sustainable growth favourites”
· “Wales’s ’Energy Island’ perfectly placed to ride crest of the wave of marine renewables sector”
· Study: Tidal energy can have significant importance to the Faroese grid

Notice of the Annual General Meeting of Minesto AB

Press releases

8 maj 2020

Minesto AB has today published the Notice of the company’s Annual General Meeting (AGM) 2020. The AGM will be held in Gothenburg on 9 June 2020 at 15:00 CEST.

Strike price for Minesto’s TO3 warrants set

Press releases

30 april 2020

The strike price for warrants TO3 in Minesto AB has been set to SEK 15.79 in accordance with the applicable terms and conditions. One (1) TO3 warrant entitles to subscribe for one (1) share in Minesto during the period up to and including 30 April 2021.

Study: Tidal energy can have significant importance to the Faroese grid

News

29 april 2020

When commercialised, renewable energy from tidal streams will become a significant energy resource to balance other, unpredictable renewable energy sources. This is the preliminary result of studies made as a part of a PhD project on the energy balance and stability of the Faroese electrical system.

Interim Management Statement 1 January–31 March 2020

Press releases

23 april 2020

CEO Dr Martin Edlund: “Our current strong cash position allows us to focus on creating industrial value and promote the market uptake of our unique product. This fits well with the bigger picture and macro trends where we see and hear encouraging messages from EU leaders and politicians on the support for the renewable agenda.”

← Föregående 1 2 3 4 5 … 7 Nästa →

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


Minesto UK
41-43 Market Street
Holyhead, Anglesey
LL65 1UN
United Kingdom
+44 1407 762907


Products

Our Technology

Ocean Energy

Projects

News

Contact


About us

Investor Relations

Newsletter Subscription

Privacy Policy


  • © 2023 Minesto AB (publ). All rights reserved