News & Media

Interim Management Statement 1 January–30 September 2021

October 21, 2021
Press releases
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...Read more »
Significant events July–September 2021 In July, Minesto announced that the company had achieved further improved power production performance through upgrades and modifications to the DG100 power plant. Furthermore, key aspects of test operations and electricity production with the DG100 system... Read more »

Pareto TV: Interview with CEO Martin Edlund (in Swedish)

October 20, 2021
Media
Minesto's CEO Dr Martin Edlund was interviewed by Pareto TV during the Pareto Securities' Renewable Energy & Cleantech Conference 2021.Read more »

Presentation at Pareto Securities’ Renewable Energy & Cleantech Conference

October 14, 2021
Presentations
Media
On 13 October 2021, Minesto participated at the annual Pareto Securities’ Renewable Energy & Cleantech Conference, where CEO Dr Martin Edlund presented the company and its activities for commercial scale-up.Read more »

Unlocking the predictable power of tidal currents in the Faroe Islands

October 13, 2021
News
Media
The COP26 summit is approaching and with it vital discussions regarding the global energy transition agenda. The world needs more clean energy generation that is predictable to complement wind and solar PV and to reduce the need for long-term storage. With energy from tidal and ocean currents in... Read more »

Minesto awarded funding by Swedish Energy Agency to facilitate commercial scale-up

September 24, 2021
Minesto closes in on Vestmannasund kite launch
Press releases
The Swedish Energy Agency has awarded Minesto a SEK 5.8 million grant to the ongoing commercialisation of Minesto’s ground-breaking Deep Green technology. The grant co-funds a project through which Minesto will develop and verify a next generation tether system to facilitate the commercial scale-up...Read more »
“We are very pleased that the Swedish Energy Agency continues and expands its support for Minesto. This investment contributes to strengthening the competitiveness of our product ”, said Dr Martin Edlund, CEO of Minesto. The tether system connects Minesto’s marine energy power plants with the... Read more »

Minesto launches Dragon Class power plants for commercial scale-up

September 20, 2021
Press releases
Leading marine energy developer Minesto today introduces a new range of power plants – the Dragon Class – an upgraded design of the company’s Deep Green technology for predictable renewable electricity generation from tidal and ocean currents. Featuring increased performance and decreased...Read more »
“We are excited to announce this latest development of our unique technology. The Dragon Class evolves from the systems we have installed and operated in our Faroe Islands’ project. Its increased customer value is straight to the point – maximise yield and minimise costs. This is the backbone... Read more »

Minesto and electric utility SEV extend PPA and plan for scale-up in Vestmannasund

September 08, 2021
Press releases
Leading marine energy developer Minesto has signed a two-year extension of its Power Purchase Agreement (PPA) with the electric utility company SEV for Minesto’s tidal energy site in Vestmannasund, Faroe Islands. In addition, a site extension analysis concludes that the current 200 kW Vestmannasund...Read more »
“It is of great importance to Minesto that our collaboration with SEV is extended and expanded. We have a mutual commitment to a continuation of the ongoing operations in Vestmannasund and to bring tidal energy at grand scale to the Faroe Islands’ grid mix. This PPA extension is a strong signal of... Read more »

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