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Minesto News Update 28 May 2019

News

28 maj 2019

· Minesto progress DG100 project with subsystem orders
· Tidal wave of MPs unite in support of UK marine power
· Minesto partners with leading financial advisor to capitalise commercial rollout
· Marketing Coordinator wanted to Gothenburg office
· Minesto presentation and study visit at Blue Energy seminar day
· “Exciting shares in a hot sector”
· “’Deep Green’: how a Swedish startup is making waves underwater”

Minesto partners with leading financial advisor Pareto to capitalise commercial rollout

Press releases

20 maj 2019

Swedish marine energy developer Minesto has engaged with leading financial advisor Pareto Securities to intensify relationships with institutional investors. The purpose is to accelerate and capitalise the commercial rollout of Minesto’s first-of-its-kind renewable energy technology.

Minesto News Update 28 February 2019

News

28 februari 2019

· EU invests over €10bn in innovative clean technologies
· Minesto links up with Antigua and Barbuda and United Nations Office for Project Services
· Minesto speakers at Marine Energy Wales’ 10th Annual Conference
· Minesto features in The Times ”Future of Energy” report
· Company presentation at Swedish capital market event

Minesto signs MoU with the Government of Antigua and Barbuda for Eastern Caribbean feasibility study

Press releases

26 februari 2019

Marine energy developer Minesto has signed a Memorandum of Understanding with the Government of Antigua and Barbuda. Through a feasibility study, facilitated by the United Nations Office for Project Services, the parties will explore the possibilities of supplying the Eastern Caribbean with renewable ocean energy by Minesto’s technology.

Minesto joins Sony and MIT at United Nations’ workshop on island nation challenges

News

19 februari 2019

Ocean energy solutions for off-grid environments was one of the topics discussed when Minesto, by invitation from The United Nations Office for Project Services (UNOPS) and the Government of Antigua and Barbuda, participated in a workshop held during a hackathon focusing on how to build sustainable and resilient infrastructure for island communities.

Minesto raises SEK 44.4 million from warrants program

Press releases

11 februari 2019

Marine energy developer Minesto has concluded its warrants program of series TO 2. In total, 98 percent of outstanding warrants were exercised, which means that Minesto will add approximately SEK 44.4 million in proceeds before issue costs to the commercialisation activities of the company’s unique subsea kite technology.

New innovation extends Minesto’s generic IP protection and further expands its market opportunities

Press releases

25 januari 2019

Marine energy developer Minesto has filed a patent application with the aim of further extending the generic patent protection of the unique Deep Green energy technology. The new technical innovation expands the addressable market opportunities and at the same time reduces operating costs.

Minesto’s main owners exercise all of their subscription warrants

Press releases

23 januari 2019

Minesto’s largest shareholders BGA Invest and Midroc New Technology has underlined their long-term commitment in Minesto by exercising all of their warrants held in Minesto AB. The subscription period for Minesto’s TO 2 warrants runs until 8thof February 2019.

Minesto enters formal planning phase with Welsh Government for second stage of public funding

Press releases

21 december 2018

Marine energy developer Minesto has taken the next step towards commercialisation of its subsea kite technology and the development of the marine energy sector in Wales. The company has entered the formal planning phase with Welsh Government for the second stage of public funding for Minesto’s tidal energy project in North Wales.

European investor InnoEnergy expands its involvement in Minesto with €1m investment

Press releases

10 december 2018

European powerhouse and investor in clean energy InnoEnergy expands its involvement in Swedish marine energy developer Minesto. InnoEnergy has awarded an additional €1 million to the commercialisation of Minesto’s unique marine energy technology, making Minesto InnoEnergy’s largest investment in ocean energy.

Minesto News Update 23 November 2018

News

23 november 2018

· Minesto joins Swedish multinational companies in Taiwan trade delegation
· EU Commissioner for Climate Action & Energy: Mobilising €1.2bn for ocean energy development
· Minesto enjoys Swedish and international media publicity
· Minesto signs agreement with electric utility SEV for Faroe Islands’ installations

Minesto signs agreement with electric utility SEV for Faroe Islands’ installations

Press releases

12 november 2018

Swedish marine energy developer Minesto has signed a collaboration agreement with the main power generator and distributor on the Faroe Islands, SEV, for two installations of Minesto’s DG100 model. The agreement also includes a power purchase agreement through which SEV commits to purchase the electricity generated by Minesto’s tidal energy converters.

Minesto completes offshore test programme of its EU-funded tidal energy project in Wales

Press releases

9 november 2018

Marine energy developer Minesto has completed the offshore commissioning and test programme of its EU-funded tidal energy project offshore Holyhead, North Wales, which aims to demonstrate the company’s first utility-scale system of its pioneering subsea kite technology.

Minesto News Update 5 November 2018

News

5 november 2018

· Finance Secretary sets out marine energy ambition for Wales at OEE2018
· Wanted: Engineers who want to join the climate change fight
· European Commission and Bill Gates’ Breakthrough Energy launch €100m clean energy investment fund
· Minesto features on national television news

Minesto generates electricity for the first time with commercial-scale unit

Press releases

9 oktober 2018

Marine energy developer Minesto has achieved initial electricity generation with its first commercial-scale marine energy kite during the commissioning program of the company’s ground-breaking low-flow tidal energy project in Wales.

Minesto News Update 17 September 2018

News

17 september 2018

· EU ocean energy support discussed at Nordic tech event in Brussels
· DNV GL: Renewable energy investments to triple by 2050
· ”AWTEC 2018 highlights the importance of marine energy in Asia”
· Minesto features in Dagens Industri
· The naming of a world’s-first kite
· Minesto kite unveiling ceremony put focus on Wales’ marine energy potential

Minesto kite unveiling ceremony put focus on Wales’ marine energy potential

Press releases

30 augusti 2018

Key stakeholders and local suppliers are joining Minesto in Holyhead today for an unveiling ceremony of the company’s first marine energy kite at utility scale.

Minesto breaks new ground in the energy sector as it proves its subsea kite technology

Press releases

30 augusti 2018

Marine energy developer Minesto has verified the functionality of its unique Deep Green technology at utility scale, marking a significant milestone for the company and for the marine energy industry.

Minesto completes initial commissioning trials of its DG500 marine energy kite

Press releases

14 augusti 2018

Marine energy developer Minesto has completed the initial commissioning sea trials of its unique subsea kite technology called Deep Green off the coast of Holyhead, North West Wales. Through the initial trials, a range of functionalities such as the kite control system, launch and recovery systems, connections and communications have been tested and verified in various sea states.

Minesto initiates DG500 commissioning program

Press releases

2 juli 2018

Marine energy developer Minesto has initiated the commissioning program of its first tidal energy project in commercial scale in North West Wales, with initial sea trials of the company’s DG500 tidal energy converter taking place in Holyhead harbour and the Holyhead Deep site.

European Commission backs Minesto roadmap for commercial breakthrough

Press releases

21 juni 2018

Swedish marine energy developer Minesto has been selected by the European Commission for phase 1 of the Horizon 2020 SME Instrument programme. The awarded funding is dedicated to a customer-involved feasibility study with the purpose of facilitating commercialisation of Minesto’s unique Deep Green technology.

Minesto reinforces its project finance capability through new board members

Press releases

7 juni 2018

Javier Sanz, CTO Renewable Energies at InnoEnergy, a leading European investor in renewable energy and Jonas Millqvist, with extensive project finance experience from global wind developer Vestas are new board members in Minesto AB.

Minesto News Update 30 May 2018

News

30 maj 2018

· Minesto hosts Ministerial visit
· Second installation phase at Holyhead Deep completed
· Technical analysis of the Minesto share
· Company presentation at Aktiedagen Malmö
· Q1 Interim Management Statement published

Second installation phase at Holyhead Deep completed

Press releases

28 maj 2018

Marine energy developer Minesto has completed the second offshore installation phase of its DG500 project in Wales. Having installed the tether, micro grid system buoy and umbilical, all supporting components and systems needed to deliver the power produced by Minesto’s first system of the unique Deep Green technology in Utility Scale are now in place.

Minesto News Update 18 May 2018

News

18 maj 2018

· MGS buoy on the move
· Minesto pitches at reputable EU event  
· Meet Minesto at Swedish shareholder event next week

Minesto completes first Holyhead Deep installation phase

Press releases

9 maj 2018

Minesto has completed the first offshore installation phase of the project aimed at demonstrating Minesto’s marine energy technology Deep Green in utility scale. The gravity-based structure, including the bottom joint system that moors Minesto’s DG500 power plant to the foundation, has been installed at the seabed in the Holyhead Deep off North West Wales.

”The European Commission sees technologies such as Minesto’s as an essential component of the energy mix”

Press releases

13 april 2018

On Thursday, 500 leading politicians and business representatives gathered in Brussels to participate in the fourth edition of the EU Energy Summit. During the conference, strong support was expressed for the development of the European marine energy industry.

“The Swedish Energy Agency’s multimillion investment is fully in line with Minesto’s technology”

Press releases

9 april 2018

The Swedish Energy Agency has announced today that it allocates SEK 105 million to a continued investment in marine energy. The initiative will contribute to exports of Swedish expertise and products.

Minesto raises SEK 72.5m in Rights Issue

Press releases

21 februari 2018

The Rights Issue of units containing new shares and warrants in Minesto AB ended on the 16th of February. A total of 5,272,018 units were subscribed, corresponding to approximately SEK 59m, which means that approximately SEK 13.5m is allocated to guarantors of the Rights Issue. Through the Rights Issue, Minesto thus raises approximately SEK 72.5m before deduction of issue costs.

Minesto builds offshore operations IP to increase earnings potential

Press releases

15 februari 2018

Swedish marine energy developer Minesto takes steps to include concepts related to offshore operations in its already strong patent portfolio. The increased scope of intellectual property will enable Minesto to create licensing deals for installation, operations and maintenance of Deep Green systems, while also increasing the earnings potential for each sold device. 

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+44 1 407 762907


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