News & Media

Minesto and Schneider Electric promote joint renewable baseload offer at Enlit Europe

December 01, 2021

Leading marine energy developer Minesto and Schneider Electric, the global leader in the digital transformation of energy management and automation, join forces at Enlit Europe to advance their strategic partnership and promote their joint offer to the energy industry. Enlite Europe, formerly... Read more »

Minesto features in BBC News article on Faroe Islands’ climate initiatives

November 29, 2021

Media

The BBC News today report on Minesto’s activities to realise the Faroe Islands’ extensive tidal energy potential and support the island nation’s transition towards 100 % renewable electricity production. The article also highlights salmon farming company Hiddenfjord and its commitment to cease air... Read more »

UK Government announces ringfenced revenue support for tidal stream energy

November 25, 2021

The South Stack Lighthouse on Holy Island, North Wales, overlooking Minesto's Holyhead Deep site 6km off the coast. Photo: Warren Cardwell

News

The UK Government has announced that it will invest £20 million per year in revenue support for tidal stream electricity production as part of its Contracts for Difference (CfD) renewable energy auction scheme. As part of the fourth allocation round of the CfD scheme, the UK government will... Read more »

Minesto presents at BlueTech Week

November 19, 2021

Presentations

Media

Minesto was invited to BlueTech Week 2021, arranged by TMA BlueTech and held virtually this year on 15-19 November. CEO Dr Martin Edlund participated in a panel on Energy Innovation, presenting Minesto’s technology and engaging in discussions regarding driving the blue economy forward. The Energy... Read more »

Comment on reported PDMR transaction by BGA Invest

November 11, 2021

Press releases

Minesto's largest owner, BGA Invest AB, has today reported a sale of shares in Minesto AB to the Swedish financial supervisory authority’s PDMR* transactions register. BGA Invest remains the largest owner, and an active and long-term owner, in Minesto.Read more »

BGA Invest AB has reported that the company has sold 1,500,000 shares, corresponding to approximately 4.8 percent of BGA Invest's holding in Minesto. The buyer of the shares is a European financial fund. After the transaction, BGA Invest remains the largest owner in Minesto with a holding of 29,800... Read more »

Presentation at Stora Aktiedagen (in Swedish)

November 09, 2021

Presentations

Media

On 9 November, Minesto participated at the Swedish investor event Stora Aktiedagen in Gothenburg, where CEO Dr Martin Edlund presented Minesto and the company's technology, project and focus going forward.Read more »

Minesto is part of Sweden’s COP26 virtual exhibition booth

November 01, 2021

News

Media

As COP26 now is underway in Glasgow, we are proud to be part of Sweden’s exhibition booth in the COP26 Virtual Ocean Pavilion. During the summit, the Virtual Ocean Pavilion features an event programme with keynotes, panel debates, interviews, and exhibition booths. Sweden’s Ministry for Foreign... Read more »

Swedish TV4 News reports on Minesto

October 28, 2021

Media

Swedish TV4 News today airs a report from the Faroe Islands on Minesto and the company's activities together with the electric utility company SEV to enable green and predictable electricity production from tidal streams as a significant energy source supporting the Faroe Islands' transition to 100... Read more »

Minesto recruits Communications Manager to further strengthen its marketing organisation

October 22, 2021

News

Minesto has appointed Cecilia Sernhage as Communications Manager and thus continues to strengthen the company's market organisation ahead of the commercial scale-up of Minesto's unique marine energy technology. Cecilia Sernhage has extensive experience in B2B communication with customers...Read more »

“We are very pleased to strengthen our commercial resources with Cecilia. Having worked for a long time with customer-focused B2B communication in a global industrial company, she brings valuable skills and experience ", said Dr Martin Edlund, CEO of Minesto. In a short time, Minesto has... Read more »

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 »

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