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Minesto takes steps towards world’s first ocean current electricity generation

Press releases

17 januari 2018

Swedish marine energy developer Minesto intensifies activities in Taiwan to establish the company’s unique Deep Green technology in the Asian market. Local staff have been recruited to a newly established subsidiary to run the development of a tidal stream site in Keelung together with the National Taiwan Ocean University. A natural next step is to deploy Deep Green in the Kuroshio current, which could see the world’s first electricity generated from ocean currents.

Minesto to enhance Deep Green product range and intensify market penetration activities

Press releases

15 januari 2018

Minesto intends to develop a smaller Deep Green device, DG100, which will provide the company with an additional commercial product to open new markets and business opportunities, including those in Asia. At the same time, Minesto intends to intensify and expand its activities for market penetration to establish the company’s unique Deep Green technology in more markets.

Minesto’s technology transforms ocean energy into one of the most cost-effective energy resources, new Cost of Energy analysis states

Press releases

12 oktober 2017

An updated Cost of Energy analysis of Minesto’s unique ocean energy technology shows substantial improvements compared to previous estimates.
“These new results convince me that our technology is transforming ocean energy into one of the most cost-effective energy resources”, said Dr Martin Edlund, CEO of Minesto.

Minesto strengthens its commercial position with management team appointments

Press releases

15 september 2017

Minesto has hired David Collier, with 30 years of experience in offshore energy, as new COO. At the same time, Bernt Erik Westre has been appointed as new CTO to replace leaving Heije Westberg.
“With these changes, we strengthen our commercial position and put a sharper focus on customer-driven product development in Minesto”, said Bengt Adolfsson, Chairman of Minesto.

Minesto awards new foundation supplier

Press releases

15 augusti 2017

Minesto has awarded Jones Bros Ruthin (Civil Engineering) Co Ltd the contract to construct the foundation for Minesto’s first commercial-scale tidal energy power plant. Due to the delivery time for the new foundation, the first installation in Holyhead Deep will be moved forward.
“We are well positioned to meet time frames and deliverables towards our public funding partners, to demonstrate the unique advantages of the Deep Green technology and develop this required source of renewable energy”, said Martin Edlund, CEO of Minesto.

Minesto to engage new supplier of GBS foundation

Press releases

4 juli 2017

Minesto has decided to engage a new supplier for the construction of a gravity-based structure (GBS) foundation for the company’s first Deep Green installation in Holyhead Deep, as a consequence of the discontinuation by current supplier Ocean Resource Ltd.
“We have taken immediate actions to ensure the continuation of the Holyhead Deep project”, says Martin Edlund, CEO of Minesto.

Minesto awarded consent for Holyhead Deep installation

Press releases

19 april 2017

Leading tidal energy developer Minesto has taken yet another important step towards commercialisation of its unique Deep Green technology in Welsh tidal streams, as the company has received marine license for a 0.5MW installation in Holyhead Deep. 

Minesto’s warrant program completed; raises SEK 75M

Press releases

6 mars 2017

Minesto’s warrant program TO1 is now completed with 91 percent of outstanding warrants being exercised. This means that Minesto will add approximately 75 SEK million in proceeds to the further development of the unique tidal energy technology Deep Green.

Minesto and Stena Line engage in joint project for build-up of the renewable energy sector in Wales

Press releases

24 februari 2017

Swedish-based companies Minesto and Stena Line engage in a joint project to invest in Wales’ transition to renewable energy. Stena Line will build an assembly hall in Holyhead, which Minesto will utilise in their upcoming rollout of the company’s unique technology to generate clean electricity from the ocean.

Minesto to expand the commercial roll-out of the Deep Green technology

Press releases

9 februari 2017

Leading marine energy developer Minesto has today announced that the company intends to expand the commercial roll-out of its Deep Green technology in Holyhead Deep, North Wales by taking steps to increase the planned installed capacity of its tidal energy array to 80 MW.
“This substantial scale-up of the Holyhead Deep project’s commercial strength makes it even more attractive to site investors and creates early opportunities for sales of Deep Green power plants”, says Dr Martin Edlund, CEO of Minesto. 

Minesto’s main owners exercise warrants; investing an additional 34 SEK million in the company

Press releases

1 februari 2017

Minesto’s largest owners BGA Invest and Midroc New Technology have announced that they will invest an additional 34 SEK million in the company by exercising all of their warrants held in Minesto AB. This announcement was communicated by the two main shareholders as the subscription period of the warrants begins.

Minesto launches new web site

Press releases

31 januari 2017

Minestos newly revamped website is now live. With new design and functionality, it forms the foundation of the company’s communications with its various stakeholders. Check it out at www.minesto.com!

Tidal energy in focus as Minesto joins Swedish trade mission to South America

Press releases

24 november 2016

Leading tidal energy technology developer Minesto continues to strengthens its market relations in South America. The company has joined a Swedish Green Tech trade mission which today starts a two-day visit to Argentina. This follows a week of individual meetings with key stakeholders in Chile.
“We have all prerequisites to play a major role in the transition to renewable energy in both Chile and Argentina”, says Dr Martin Edlund, CEO of Minesto.

Minesto’s tidal energy technology awarded as most promising in the industry

Press releases

23 november 2016

On Tuesday evening, in a global competition of the most prominent players in the industry, leading tidal energy developer Minesto won the award for the Most Promising Turbine Concept at the International Tidal Energy Summit in London. 

Minesto and National Taiwan Ocean University signs collaboration agreement

Press releases

10 november 2016

Leading ocean energy developer Minesto has today signed a collaboration agreement together with the Research Center for Ocean Energy and Strategies at National Taiwan Ocean University. The collaboration
will include installation and ocean testing of a scale model and research on Minesto’s unique technology Deep Green.
“This is a breakthrough on a market with substantial potential to Minesto”, says Dr Martin Edlund, CEO of Minesto.

Technical progress for Minesto

Press releases

2 november 2016

In October, Minesto’s quarter-scale sea trials of the Deep Green technology have reached new highs of electricity generation. The results correspond to full power production for a full-scale power plant.

Minesto strengthens the patent portfolio

Press releases

21 oktober 2016

The European Patent Office has granted leading tidal energy developer Minesto a European patent for the primary patent family covering the company’s core technology.
“This strengthens the IP position for our already well-protected Deep Green concept”, says Dr Martin Edlund, CEO of Minesto.

Minesto to attend Taiwan-Sweden Joint Business Council Meeting

Press releases

5 september 2016

Dr Martin Edlund, CEO of leading tidal energy developer Minesto, has joined the Swedish Business Delegation that will attend the 32nd Taiwan-Sweden Joint Business Council Meeting in Taipei on 26 September 2016. The delegation will be led by the State Secretary to the Swedish Minister for EU Affairs and Trade.

The Swedish Energy Agency grants funds to projects focusing on Minesto’s technology

Press releases

7 juli 2016

Leading Swedish tidal energy developer Minesto, together with industry and academia partners, have been granted research funds totalling SEK 5.7 million by the Swedish Energy Agency.
“The decision is a clear sign of confidence from the Swedish Energy Agency in Minesto’s ability to realise the Deep Green technology”, said Dr Heije Westberg, CTO of Minesto.

Minesto’s CEO on Brexit: ”The referendum results will not affect Minesto’s EU project in Wales.”

Press releases

27 juni 2016

”The financial support is secured and tidal energy is now more important than ever for the region”

KIC InnoEnergy invests an additional EUR 1 million in Minesto

Press releases

15 juni 2016

KIC InnoEnergy, the European company for innovation, business creation and education in the field of sustainable energy, is expanding its involvement in Minesto, a leading developer of renewable energy from slow ocean and tidal currents. KIC InnoEnergy has awarded an additional EUR 1 million in the development of Minesto’s unique Deep Green technology.

Martin Edlund continues as CEO of Minesto

Press releases

20 maj 2016

The Board of Minesto AB has today appointed Dr Martin Edlund, since February acting CEO, as CEO of Minesto.
“Martin holds an ideal combination of technical expertise, industry knowledge and experience in business development”, said Bengt Adolfsson, chairman of Minesto.

Minesto orders bottom joint system for Deep Green

Press releases

4 maj 2016

Minesto has entered into a supplier agreement with Subsea Riser Products (SRP), within which Minesto has ordered a modified version of SRP’s product Rocksteady for Minesto’s tidal energy power plant Deep Green. Delivery is scheduled for the first quarter of 2017.

Minesto orders turbine prototype from Schottel Hydro

Press releases

12 april 2016

Minesto has together with German tidal turbine manufacturer Schottel Hydro completed the turbine design of Minesto’s tidal power plant Deep Green. The Swedish marine energy company has now placed an order for a prototype of the turbine, with delivery in early 2017.

Minesto enhances resources in business development

Press releases

7 april 2016

Last autumn Minesto appointed Stefan Karlsson, who has extensive experience in business development in renewable energy, as new member of the company’s Board of Directors. Minesto and Stefan Karlsson has now agreed that Mr. Karlsson will enter an expanded, operational role, in which he will work with international business development for the company ahead of the commercialisation of Deep Green.

Minesto’s CEO: “The prospects for success have never been better”

Press releases

14 mars 2016

In late February the global International Conference on Ocean Energy 2016 was held in Edinburgh. Martin Edlund, CEO of Swedish marine energy technology leader Minesto, was invited to share the successful story on how the company managed to fund the development of Deep Green. ”We are in a very promising position in terms of opportunities to industrialise projects in our niche”, he said.

New CEO at Minesto

Press releases

3 februari 2016

The Board of Minesto AB has appointed current Chairman of the Board, Martin Edlund, as acting CEO of Minesto AB. Today Martin Edlund is leading the work of the Board and has a long experience of the company.The appointment took place after Minestos current CEO, Anders Jansson decided to leave his position. Anders Jansson will […]

Minesto enters technology partnership with Schottel Hydro

Press releases

7 december 2015

Nordic marine energy leader Minesto (https://minesto.com/) has entered into a technology partnership with German tidal turbine manufacturer Schottel Hydro (http://www.schottel.de/schottel-hydro/). The objective is to supply Minesto with hydrokinetic turbine components in 2016 and 2017. ”This is a strategic technology partnership with one of the world leaders in underwater technology, ensuring the quality and performance of our marine power plant, Deep Green (https://minesto.com/deep-green/)”, said Minesto’s CEO, Anders Jansson.

Another EUR 5.1 million to Minesto’s Deep Green technology

Press releases

7 december 2015

Leading marine renewable energy company Minesto, has together with eight partners received EUR 5.1 million, to develop the Deep Green technology within a project named PowerKite. The project will be financed through EU Horizon 2020.EU has a strong ambition to develop the field of marine energy and has quadrupled its budget over the next four years. To utilize the oceans is something that also has been prioritized at the climate meeting in Paris, COP21 (http://www.cop21.gouv.fr/), in programs such as (http://www.cop21.gouv.fr/wp-content/uploads/2015/11/progEGC-EN-version-26.11.2015.pdf) ”Energy and water: a nexus for development and adaptation to climate change” and ”Ocean solutions for our climate: mitigation through marine innovation”.

Minesto applies for listing on Nasdaq First North Stockholm

Press releases

29 september 2015

The Board of Swedish marine energy company Minesto has decided to apply for listing of the companys shares on First North at NASDAQ Stockholm and conduct a new issue of units directed to the public in Sweden of appoximatley EUR 10 million.

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