News & Media

July 08, 2022
d4
Leading marine energy developer Minesto has according to plan successfully commissioned the first unit of tidal power plant “Dragon 4” in grid-connected operation in Vestmannasund, Faroe Islands. The company announces today that the commissioning results verify commercial performance and are fully...Read more »
The first tidal power plant from Minesto's product line Dragon Class, Dragon 4 (100 kW), has been commissioned in Vestmannasund, Faroe Islands, in early summer. The first phase of electricity generation shows that predicted performance is achieved in line with Minesto's previous forecasts and... Read more »
July 06, 2022
Minesto CEO Dr Martin Edlund was invited as a keynote speaker at "Offshore Strategy Day - actioning the ocean energy ambitions", held 23rd of June in Brussels and initiated by Ocean Energy Europe.Read more »
A recording of the speech is now available on our youtube channel and our website: Keynote speech by CEO Martin Edlund at "Offshore Strategy Day" - YouTube Minesto as keynote speaker at Offshore Strategy Day | Minesto The full report from Ocean Energy Europe, with a photo of Dragon 4 on the cover,... Read more »
July 06, 2022
"EU’s offshore strategy implementation must move up a gear to meet ocean energy targets" - this is the message from Ocean Energy Europe in a new report, where Minesto is featured. "Time is running out for the EU to meet its 100 MW ocean energy deployment target by 2025 – but it isn’t too late, says... Read more »
June 21, 2022
Control room photo
The commissioning program of the first Dragon 4 unit launched in Vestmannasund, Faroe Islands in May, is progressing according to plan and the flight configurations are being finetuned sequentially to optimise the power output. The kite, recently named “Íðunn”, is operating autonomously 40 m below...Read more »
“We’re now commissioning the kite in Vestmannasund fully remotely from our headquarter in Sweden. The team is screening a vast volume of data every day to support configuration for optimized power production,” said Bernt Erik Westre, Chief Technology Officer of Minesto. The submerged nature of the... Read more »
June 08, 2022
The Annual General Meeting of Minesto AB was held today, 8 June 2022, at Dockyard Hotel at Skeppet Ärans Väg 23 in Gothenburg. Chairman of the Annual General Meeting (“AGM”) was Eric Ehrencrona from MAQS Advokatbyrå.Read more »
The following main resolutions were resolved upon at the AGM. Adoption of income statement and balance sheet as well as group income statement and group balance sheet The AGM resolved to adopt the presented income statement and balance sheet as well as the group income statement and group balance... Read more »
May 25, 2022
Minesto, leading marine energy developer, has now successfully completed the first week of commissioning including satisfactory electricity production and verification of all core functionality with the new Dragon 4 tidal power plant in Vestmanna, Faroe Islands. The kite has generated first...Read more »
“We are very pleased to announce that the first week of commissioning of Dragon 4 has been successfully completed. Every aspect of the project has been fulfilled according to plan and electricity has been successfully generated,” said Martin Edlund, CEO of Minesto. “We started electricity... Read more »
May 18, 2022
Minister of State for Business, Energy and Clean Growth, Greg Hands, visited marine energy company Minesto last week where he was introduced to the technology and toured the assembly hall facility in Holyhead, North Wales. Referring to the British Energy Security Strategy, Minister Hands was eager...Read more »
Initiated by local MP Virginia Crosbie, the visit was part of a tour aiming to showcase the energy potential of Anglesey and puts the island in centre of governmental policymaking. Tidal energy was highlighted as a vital contributor to the net-zero energy system in U.K. and globally. Both Minister... Read more »
May 09, 2022
The shareholders of Minesto AB, reg. no. 556719-4914 (“Minesto” or the ”Company”), are hereby given notice to attend the Annual General Meeting to be held on Wednesday, 8 June 2022 3:00 p.m. at Dockyard Hotel at the address Skeppet Ärans Väg 23 in Göteborg. The entrance opens and the registration...Read more »
Please note: This press release is a translation of the press release in Swedish that was published on 9 May 2022. In the event of any inconsistency between the English and the Swedish versions, the latter shall prevail. The board of directors has decided, pursuant to Chapter 7, Section 4 a of the... Read more »

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