Minesto News Update 24 June 2019

June 24, 2019

· Minesto’s CEO Martin Edlund named Presenter of the Year
· Minesto added to the Nasdaq First North 25 Index
· Media publicity after funding announcements
· New €100 million clean energy fund established

Minesto’s CEO Martin Edlund named Presenter of the Year

Minesto’s CEO Dr Martin Edlund has been awarded the FH Presentation Award 2018 in the category Micro Cap Presenter of the Year for consistently and skilfully presenting the Minesto business and investment case to capital market stakeholders. He was presented the award alongside other winners and well-known names in Swedish business such as Martin Lundstedt, Volvo Group, Johan Forssell, Investor and Ulf Petersson, journalist at financial newspaper Dagens Industri.

Read more here.

Minesto added to the Nasdaq First North 25 Index

Nasdaq has announced that Minesto will be added to the Nasdaq First North 25 Index (Nasdaq Stockholm: FN25), effective with the market open on 1 July 2019.

The FN25 index consists of the 25 largest and most traded shares listed on Nasdaq First North.

Read more here.

Media publicity after funding announcements

The several announcements of key funding awards in the last weeks has rendered media coverage for Minesto. Following the announcement of a further 14.9 million of EU funding for the next phase of Minesto’s tidal energy scheme in Wales, media outlets such as the BBC Wales and Swedish tech-business news media Breakit reported on Minesto’s activities in Anglesey.

After announcing that Minesto had secured a €2.5 million grant from the European Commission’s SME Instrument programme for the company’s first customer project in the Faroe Islands, Dagens Industri, the largest financial news media in the Nordics reported on the news. In the Faroe Islands, both Faroese and English-language news media published articles describing Minesto’s collaboration with the utility company SEV. The news also made the national radio news.

The European Commission, European Investment Bank and Breakthrough Energy Ventures establish a new €100 million fund to support clean energy investments

A new €100 million investment fund called Breakthrough Energy Ventures Europe (BEV-E) has been established by the European Commission, the European Investment Bank and Bill Gates-led Breakthrough Energy Ventures.

The fund will help develop innovative European companies and bring radically new clean energy technologies to the market. It will invest in five major energy-related sectors where efforts are essential in fighting climate change, of which electricity is one.

Bill Gates, Chairman of Breakthrough Energy Ventures, said: “Breakthrough Energy Ventures-Europe is a great example of driving innovative ways for the private and public sectors to collaborate, deploy capital, and build companies. We have the resources to make a meaningful difference, and the flexibility to move quickly. That's a rare and powerful combination.”

Read more here.