News & Media

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 »

Marine energy leader Minesto attracts another multi million euro investment

September 25, 2015
Press releases
Marine energy company Minesto ( http://minesto.com/ ), recently given a €13M investment from the European Regional Development Fund through the Welsh Government ( http://gov.wales/funding/eu-funds/?lang=en ), today announced that they have received an additional €3.5M from KIC InnoEnergy ( http://...Read more »
Minesto receives a €3.5M capital injection from KIC InnoEnergy , a European company promoting innovation, entrepreneurship and education in the sustainable energy field. The funding is part of the overall development of the company. KIC IE invests in game changers with a different mindset, and... Read more »

Marine energy company Minesto strengthens management – appoints new CFO and new COO

September 04, 2015
Press releases
Nordic marine energy technology leader Minesto ( http://www.minesto.com/ ), developer of the Deep Green ( http://www.minesto.com/deepgreentechnology/index.html ) marine energy power plant, announced today that ( https://www.linkedin.com/in/fredrik-ahlstr%C3%B6m-422256103/en )Fredrik Ahlström (...Read more »
Mr Ahlström joins Minesto as new CFO from Sibelco Nordic, a leading provider of industrial minerals, where he acted as CFO and was leading the financial operations of an international group encompassing mining quarries, production, logistics and global sales of industrial minerals. Mr Ahlström also... Read more »

Welsh Government invests 13 million euros of EU funds in marine energy leader Minesto to start the commercial roll out of marine power plants in Wales

May 20, 2015
Press releases
UK and Wales strengthen position as global leaders in marine renewable energy: Marine energy company Minesto ( http://minesto.com/ ) has been awarded a 13 million Euros investment from the European Regional Development Fund through the Welsh Government ( http://gov.wales/funding/eu-funds/?lang=en...Read more »
The EU funds will support a marine energy project in Holyhead Wales aiming to support an expansion of marine energy in Wales and UK. The Welsh Government manages the delivery of the EU Structural Funds programmes in Wales. Minesto will install the first commercial scale 0.5MW power plant in... Read more »

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