News & Media

October 16, 2019
Leading marine energy developer Minesto has received approval for an EU-funded project aiming at installing the company’s unique renewable energy technology at the grid-connected Paimpol-Bréhat test site in France, operated by the French electric utility company EDF with the support of the Brittany...Read more »
Minesto, as part of a wider EU-funded project called TIGER, will utilise a grant of approximately €2.4 million to manufacture, install and operate Minesto’s marine energy converter DG100 at a grid-connected site off Brittany operated by the electric utility company EDF. “The delivery of this... Read more »
September 20, 2019
The Board of Directors of Minesto AB has decided to offer 1,965,000 warrants to Minesto’s staff within the framework of the warrant plan PO5 approved in this year’s AGM. At the same time, Minesto’s financial advisor Pareto has facilitated the exercise of outgoing warrants of series PO3 by which a...Read more »
PO5 is the second of three future warrant plans approved in Minesto's Annual General Meeting in 2019. Minesto’s Board of Directors have decided to offer all staff a total of 1,965,000 PO5 warrants to continue to incentivise Minesto management and staff to build shareholder value in the company. A... Read more »
August 26, 2019
Minesto's senior executives in Sweden have acquired a total of 280,000 warrants within the framework of the employee stock option plan PO4 decided by the AGM. At the same time, a transfer of outgoing warrants of series PO3 has been carried out in a separate transaction between Minesto’s CEO...Read more »
PO4 is one of three employee stock option plans approved by Minesto's Annual General Meeting in 2019. Minesto's senior executives Martin Edlund (CEO), Fredrik Ahlström and Bernt Erik Westre have acquired 120,000, 80,000 and 80,000 warrants respectively (a total of 280,000) of series PO4 at a price... Read more »
August 15, 2019
Minesto's marine energy converter DG500 launched in Holyhead, before being towed to the Holyhead Deep site. Photo: Warren Cardwell
Leading marine energy developer Minesto has resumed testing of its commercial-scale DG500 kite system at the company’s Holyhead Deep site off North Wales.Read more »
“We are very pleased to be back in the water with the DG500 kite system, and we are looking forward to the continued testing operations. The team has made a great effort in upgrading the systems over winter and has executed the installation activities in an efficient and safe manner” , said Minesto... Read more »
June 24, 2019
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.Read more »
Martin Edlund 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. The FH Presentation Award is arranged by Financial Hearings,... Read more »
June 18, 2019
Swedish marine energy developer Minesto has received additional public support and funding for the development and commercialisation of its marine energy technology called Deep Green. The Swedish Energy Agency has awarded Minesto a SEK 12.5 million grant to the development of the company’s marine...Read more »
“Climate change and the transition to renewable energy is a global challenge in which Swedish technology like ours can play a significant role. It is therefore crucial that the Swedish innovation system is involved and supports the development of what could be a new Swedish export industry”, said... Read more »
June 10, 2019
Picture of the Vestmannasund strait in the North West part of the Faroe Islands. Photo: SEV
Leading marine energy developer Minesto has been awarded a €2.5 million grant from the European Commission’s SME Instrument programme. The awarded funding will support the installation of Minesto’s technology in the Faroe Islands together with the utility company SEV.Read more »
“This is great news for Minesto and our joint project with the utility customer SEV”, said Dr Martin Edlund, CEO of Minesto. “The EU community once again show trust and commitment to our technology and commercialisation roadmap.” Minesto will receive a €2.5 million grant from EU’s SME Instrument... Read more »
May 31, 2019
The Welsh Government has announced their continued support to leading marine energy developer Minesto following the award of €14.9 million of EU funding for the next phase of Minesto’s tidal energy scheme in Wales.Read more »
Commenting on the funding decision, Minesto’s CEO Dr Martin Edlund said: “This is a key contribution to the commercialisation of our technology and a strong sign of commitment from the Welsh Government. We are pleased to see that we share an agenda to industrialise tidal energy in Wales, to enable... Read more »
May 28, 2019
· Minesto progress DG100 project with subsystem orders · Tidal wave of MPs unite in support of UK marine power · Minesto partners with leading financial advisor to capitalise commercial rollout · Marketing Coordinator wanted to Gothenburg office · Minesto presentation and study visit at Blue Energy...Read more »
Minesto progress DG100 project with subsystem orders Minesto is making progress with the development and manufacturing of its first DG100 unit, which will be installed in the Faroe Islands within the scope of Minesto’s collaboration with Faroese utility company SEV. As reported earlier, Minesto has... Read more »
February 28, 2019
· EU invests over €10bn in innovative clean technologies · Minesto links up with Antigua and Barbuda and United Nations Office for Project Services · Minesto speakers at Marine Energy Wales’ 10th Annual Conference · Minesto features in The Times ”Future of Energy” report · Company presentation at...Read more »
EU invests over €10bn in innovative clean technologies The European Commission has announced an investment programme worth over €10 billion for low-carbon technologies in several sectors to boost their global competitiveness. “We will need deployment of clean innovative technologies on an... Read more »

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