Minesto News Update 15 May 2020

May 15, 2020

· Minesto features in CNBC report
· Video: Presentation at Redeye Next Generation Renewables
· Analyst: Three “sustainable growth favourites”
· “Wales's 'Energy Island' perfectly placed to ride crest of the wave of marine renewables sector”
· Study: Tidal energy can have significant importance to the Faroese grid

Minesto features in CNBC report

Minesto and its collaboration partner SEV feature in an article by CNBC, one of the world's largest business news networks, reporting on the Faroe Islands transition to 100 percent renewable energy by 2030, and the joint ambition to make tidal energy a significant part of the Faroese electricity mix.

Read the full article here.

Video: Presentation at Redeye Next Generation Renewables (in Swedish)

On 12 May Minesto participated in an investor event focusing on new green energy technologies, “Next Generation Renewables”, arranged by Redeye. With respect for the situation with the coronavirus, CEO Dr Martin Edlund participated via video link to present the company's operations and projects.

See the presentation here.

Analyst: Three “sustainable growth favourites”

In an article in Swedish business media outlet Dagens Industri international finance analyst Angelica Lips da Cruz lists Minesto as one of her favourite companies from a sustainable growth perspective.

Read the article here.

“Wales's 'Energy Island' perfectly placed to ride crest of the wave of marine renewables sector”

Minesto and “energy island” Anglesey in North Wales feature in a report on the development of marine energy in Wales.

Read the article here.

Study: Tidal energy can have significant importance to the Faroese grid

Preliminary results of studies made as a part of a PhD project on the energy balance and stability of the Faroese electrical system show that tidal stream has the potential to become a significant energy resource to balance other, unpredictable renewable energy sources.

Read more here.