News & Media

August 30, 2018
Marine energy developer Minesto has verified the functionality of its unique Deep Green technology at utility scale, marking a significant milestone for the company and for the marine energy industry.Read more »
Following a thorough commissioning program of the company’s first device of the Deep Green technology at utility scale, which generates clean electricity from tidal streams and ocean currents, developer Minesto has successfully "flown" its marine energy kite in full subsea trajectories at the... Read more »
June 21, 2018
Swedish marine energy developer Minesto has been selected by the European Commission for phase 1 of the Horizon 2020 SME Instrument programme. The awarded funding is dedicated to a customer-involved feasibility study with the purpose of facilitating commercialisation of Minesto’s unique Deep Green...Read more »
“This grant underscores Minesto’s ability and industry-leading track record in obtaining public funding support from the EU”, said Dr Martin Edlund, CEO of Minesto. “More importantly, it also shows that the European Commission acknowledges and supports our market entry approach based on initial... Read more »
February 21, 2018
The Rights Issue of units containing new shares and warrants in Minesto AB ended on the 16th of February. A total of 5,272,018 units were subscribed, corresponding to approximately SEK 59m, which means that approximately SEK 13.5m is allocated to guarantors of the Rights Issue. Through the Rights...Read more »
“We have now secured funds to carry out crucial value-creating activities in the coming year, including demonstration of our unique Deep Green technology in Utility Scale in Wales. The strategy of product range enhancements together with site and market development in the EU and Taiwan is firm and... Read more »
February 14, 2018
Senior executives in Minesto acquire 640,000 warrants under the employee stock option plan PO3. With a subscription price of SEK 7.14 and subscription period during the third quarter of 2019, the terms are in line with the warrants TO2 that will be issued in Minesto's ongoing rights issue with...Read more »
In addition to senior executives, key personnel and other staff in Minesto acquire a total of 1,173,928 warrants under the employee stock option plan PO3. The plan comprises a total of 1,813,928 warrants, which at full subscription amount to SEK 12,951,445.92. The warrants in PO3 entitle the holder... Read more »
February 09, 2018
Swedish marine energy developer Minesto has a product with key technological advantages in an area that is the next frontier for the energy market. These are some of the reasons why European investor InnoEnergy has invested €4.5m in Minesto, InnoEnergy’s Javier Sanz said at a renewable energy...Read more »
Javier Sanz, CTO Renewable Energies at InnoEnergy was the keynote speaker at the event held in Stockholm. Javier presented InnoEnergy's role in the global energy transition and how they work to support European innovative companies with the potential to become global leaders. Having invested more... Read more »
February 06, 2018
InnoEnergy logotype. Credit: InnoEnergy
The European investor InnoEnergy and Minesto attends a renewable energy capital markets day held in Stockholm tomorrow 7thof February. Keynote speaker of the event is Javier Sans, CTO Renewable Energies at InnoEnergy.Read more »
Having invested more than €170m in innovation projects in the energy sector, InnoEnergy is a European powerhouse in supporting and bringing new ideas and products to the market, with the end goal to achieve a sustainable energy future for Europe and the world. InnoEnergy has 26 shareholders... Read more »
February 01, 2018
The gravity base structure foundation for Minesto’s first commercial-scale installation of its Deep Green technology has been delivered. The structure was floated on the River Mersey on Wednesday to mark a milestone for Minesto’s operations in Wales and the upcoming offshore installation in...Read more »
“With the delivery of the gravity base structure, we are making significant progress towards the first installation in Holyhead Deep”, says David Collier, COO of Minesto. “Preparations for offshore testing is in it final stages and we are relishing the prospect of soon being operative in the tidal... Read more »
January 17, 2018
Swedish marine energy developer Minesto intensifies activities in Taiwan to establish the company's unique Deep Green technology in the Asian market. Local staff have been recruited to a newly established subsidiary to run the development of a tidal stream site in Keelung together with the...Read more »
Minesto has recruited a Taiwanese site developer as project manager to the newly established subsidiary Minesto Taiwan Ltd. The local presence allows Minesto to pursue activities within the Asian market with higher intensity than before, says Dr Martin Edlund, CEO of Minesto: “We strengthen the... Read more »
January 15, 2018
Minesto intends to develop a smaller Deep Green device, DG100, which will provide the company with an additional commercial product to open new markets and business opportunities, including those in Asia. At the same time, Minesto intends to intensify and expand its activities for market...Read more »
The preparations in Wales for offshore testing of Minesto's first commercial-scale Deep Green device is now in its final phase. Installation is due to commence in April 2018, with the ambition to generate electricity during the third quarter 2018. This is a key milestone in the overall development... Read more »
October 12, 2017
Illustration of Minesto's ocean energy device Deep Green and its subparts
An updated Cost of Energy analysis of Minesto’s unique ocean energy technology shows substantial improvements compared to previous estimates. “These new results convince me that our technology is transforming ocean energy into one of the most cost-effective energy resources”, said Dr Martin Edlund...Read more »
As part of its first commercial-scale project, Minesto together with ITPEnergised has completed an updated Levelized Cost of Energy (LCOE) analysis of Minesto’s marine energy converter based on new knowledge of the system, its potential and its costs. Projections now show that Minesto’s LCOE will... Read more »

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