News & Media

KIC InnoEnergy invests an additional EUR 1 million in Minesto

June 15, 2016
Press releases
KIC InnoEnergy, the European company for innovation, business creation and education in the field of sustainable energy, is expanding its involvement in Minesto, a leading developer of renewable energy from slow ocean and tidal currents. KIC InnoEnergy has awarded an additional EUR 1 million in the...Read more »
KIC InnoEnergy promotes entrepreneurship, innovation and education in sustainable energy. Minesto and KIC InnoEnergy entered into a collaboration in 2014. In September 2015, KIC InnoEnergy made their largest investment in marine energy of EUR 3.5 million to support the development of Minesto’s... Read more »

Martin Edlund continues as CEO of Minesto

May 20, 2016
Press releases
The Board of Minesto AB has today appointed Dr Martin Edlund, since February acting CEO, as CEO of Minesto. “Martin holds an ideal combination of technical expertise, industry knowledge and experience in business development”, said Bengt Adolfsson, chairman of Minesto.Read more »
Dr Martin Edlund took over as acting CEO of Minesto in February this year, when Anders Jansson chose to leave his position. Over the past six years, Dr Edlund has served as Chairman of the Board with an operational role in the company, focusing on business development and partnerships. A... Read more »

Minesto orders bottom joint system for Deep Green

May 04, 2016
Press releases
Minesto has entered into a supplier agreement with Subsea Riser Products (SRP), within which Minesto has ordered a modified version of SRP’s product Rocksteady for Minesto’s tidal energy power plant Deep Green. Delivery is scheduled for the first quarter of 2017.Read more »
SRP is an established player in the offshore industry with long experience of producing high-strength products for use in harsh environments. Minesto has now entered into a supplier agreement with SRP. Within the agreement Minesto has ordered a version of SRPs product Rocksteady, a bottom joint... Read more »

Minesto orders turbine prototype from Schottel Hydro

April 12, 2016
Press releases
Minesto has together with German tidal turbine manufacturer Schottel Hydro completed the turbine design of Minesto’s tidal power plant Deep Green. The Swedish marine energy company has now placed an order for a prototype of the turbine, with delivery in early 2017.Read more »
The order of the so-called Power Take Off system is the first result of the strategic technology partnership between Minesto and Schottel Hydro, which began in December 2015. During 2016 and 2017, Schottel Hydro will deliver a customised turbine solution which will optimally fit the requirements of... Read more »

Minesto enhances resources in business development

April 07, 2016
Press releases
Last autumn Minesto appointed Stefan Karlsson, who has extensive experience in business development in renewable energy, as new member of the company’s Board of Directors. Minesto and Stefan Karlsson has now agreed that Mr. Karlsson will enter an expanded, operational role, in which he will work...Read more »
Stefan Karlsson has been working with renewable energy since 2002. For more than a decade he had the global responsibility for the business development of Swedish SKF’s division for renewable energy. SKF is is a leading bearing and seals manufacturing company with more than 48,000 employees... Read more »

Minesto’s CEO: “The prospects for success have never been better”

March 14, 2016
Press releases
In late February the global International Conference on Ocean Energy 2016 was held in Edinburgh. Martin Edlund, CEO of Swedish marine energy technology leader Minesto, was invited to share the successful story on how the company managed to fund the development of Deep Green. ”We are in a very...Read more »
International Conference on Ocean Energy (ICOE) is held every second year and focuses on the industrial development of renewable marine energy. The theme of this year’s conference was “From Concept to Commercialisation”. Minesto’s CEO Martin Edlund took part in a panel discussion labelled ”Hunting... Read more »

New CEO at Minesto

February 03, 2016
Press releases
The Board of Minesto AB has appointed current Chairman of the Board, Martin Edlund, as acting CEO of Minesto AB. Today Martin Edlund is leading the work of the Board and has a long experience of the company. The appointment took place after Minestos current CEO, Anders Jansson decided to leave his... Read more »

Another EUR 5.1 million to Minesto’s Deep Green technology

December 07, 2015
Press releases
Leading marine renewable energy company Minesto, has together with eight partners received EUR 5.1 million, to develop the Deep Green technology within a project named PowerKite. The project will be financed through EU Horizon 2020.EU has a strong ambition to develop the field of marine energy and...Read more »
Together with eight partners Minesto now have now secured EUR 5.1 million to improve the Deep Green technology’s robustness and performance. The aim is to develop the next generation of the Deep Green power plant; to give it a better performance, a longer life expectancy and improved reliability,... Read more »

Minesto enters technology partnership with Schottel Hydro

December 07, 2015
Press releases
Nordic marine energy leader Minesto ( http://minesto.com/ ) has entered into a technology partnership with German tidal turbine manufacturer Schottel Hydro ( http://www.schottel.de/schottel-hydro/ ). The objective is to supply Minesto with hydrokinetic turbine components in 2016 and 2017. ”This is...Read more »
According to the newly signed agreement. Schottel Hydro will deliver a customized turbine solution which will optimally fit the requirements of Deep Green, Minesto’s underwater kite construction that is expected to be deployed in 2017 at the Holyhead Deep site off the coast of Anglesey, Wales. The... Read more »

Minesto applies for listing on Nasdaq First North Stockholm

September 29, 2015
Press releases
The Board of Swedish marine energy company Minesto has decided to apply for listing of the companys shares on First North at NASDAQ Stockholm and conduct a new issue of units directed to the public in Sweden of appoximatley EUR 10 million.Read more »
Minesto’s tidal power plant, Deep Green , generates electricity from tidal and ocean currents. Since 2006 the company has invested more than EUR 20 million in the development of the unique and patented technology. Deep Green has been producing electricity off the coast of Northern Ireland for more... Read more »

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