December 03, 2020
Minesto participated in Västra Hamnen Corporate Finance's Investor Day on 2 December, where CEO Dr Martin Edlund presented the company and the recent achievements in Minesto's project in the Faroe Islands.Read more »
News & Media
December 02, 2020
As a part of the ongoing commissioning work of its DG100 tidal kite system in Vestmannasund, Faroe Islands, leading marine energy developer Minesto has reached the milestone of delivering electricity to the Faroese grid facilitated by the Power Purchase Agreement with the utility company SEV.Read more »
December 01, 2020
As a part of the ongoing commissioning work of its DG100 tidal kite system Vestmannasund, Faroe Islands, leading marine energy developer Minesto has reached the milestone of delivering electricity to the Faroese grid facilitated by the Power Purchase Agreement with the utility company SEV.Read more »
“This is a historic moment and a massive step forward for Minesto and the development of our unique product. We are particularly satisfied with the production performance level of the system”, said Dr Martin Edlund, CEO of Minesto. “We are now looking forward to our continued operations in... Read more »
November 18, 2020
Earlier this year in June, Minesto announced that the company has been shortlisted as a finalist for the renowned E-Prize awards. Arranged by electric utility company E.On for the twelfth consecutive year, E-Prize recognises the best creative energy solutions in Sweden in the categories of... Read more »
November 09, 2020
Minesto has been featured in Dutch Marine Energy Centre's (DMEC) video for promoting marine energy to policymakers, investors, market players and general public. You will learn about marine energy's role in energy transition, marine energy 'markets' and more in this educational video.Read more »
October 30, 2020
Minesto is making progress at the company’s tidal energy site in Vestmannasund, Faroe Islands, in commissioning the DG100 kite system. To date Minesto has successfully verified the key kite system functions as well as conducted safe and efficient installation and recovery procedures.Read more »
“We are currently stepping through our commissioning plan which concludes with continuous power production to the Faroese grid. So far, we have verified the main functions of the DG100 system: kite launch and recovery procedures, kite flight control, start and stop commands, slack water turns, and... Read more »
October 22, 2020
Minesto’s CEO Dr Martin Edlund: “The installation activities during the summer showed good progress towards the realisation of cost-effective procedures for the installation and maintenance of Minesto's power plants. We are now looking forward to demonstrate the commercial viability of our...Read more »
Significant events July–September 2020 In early July, Minesto announced that the installation of the subsea cable in the Vestmannasund project in the Faroe Islands, which connects Minesto's power plant to the electricity grid, had not been completed as planned due to a technical issue that occurred... Read more »
October 01, 2020
Minesto’s Assembly Hall located in Holyhead, Wales is now fully operational, serving as the hub of Minesto’s engineering and operational activities. The construction of the Assembly Hall was managed by Stena Line and the building was handed over to Minesto in spring, equipped with a loadout quay... Read more »
September 22, 2020
Senior executives in Minesto have subscribed for a total of 280,000 new shares in Minesto AB through the exercise of warrants of series PO4. As a result, all issued PO4 warrants in Minesto have been exercised and the company will add approximately SEK 7.4 million in proceeds through the warrant...Read more »
PO4 is one of three warrant programs aimed at Minesto employees that were approved at the company's Annual General Meeting in 2019. A total of 280,000 warrants of series PO4 have been issued, all of which were acquired by senior executives in Minesto in August 2019. One (1) warrant of series PO4... Read more »
September 03, 2020
Minesto has today announced that the company plans to continue commissioning activities in its tidal energy project in Vestmannasund, Faroe Islands in mid-October. Minesto has also verified the area for the first proposed array installation of its tidal kite technology in the Faroe Islands.Read more »
Dr Martin Edlund, CEO of Minesto said that there has been important progress and results from the installation and commission activities that have been conducted so far in Vestmannasund. “We have generated valuable flight data and control system data, and we have verified the chain of electricity... Read more »
