News & Media

May 25, 2021
Minesto has been named one of the Nordic’s top 50 Sustainability Game Changers in a report on sustainable innovations by Megadeals Advisory and We Don’t Have Time . The purpose of the report is to “recognize companies that not only have a great innovation or solution that has a significant impact... Read more »
May 24, 2021
The number of shares and share capital in Minesto AB has increased as a result of the exercise of warrants of series TO3.Read more »
A total of 10,236,653 new shares were subscribed for in Minesto AB through the exercise of the TO3 warrants. Subscription has taken place in instalments during the subscription period, which ran from January 2020 to 30 April 2021. After the shares subscribed for in connection with the end of the... Read more »
May 24, 2021
On 20 May 2021, Minesto was invited to the Danske Bank Clean Tech Event, where CEO Dr Martin Edlund presented the company to institutional investors.Read more »
May 04, 2021
The warrants program TO3 in Minesto AB has been successfully completed. The program was fully subscribed, which means that Minesto adds SEK 161.6 million in proceeds before issue costs to secure the company’s commercial expansion. A total of 10,236,653 new shares in Minesto were subscribed for...Read more »
“It is very satisfying that the TO3 program was fully subscribed. This contributes to a strong financial position and creates the right conditions for converting Minesto's world-leading competitive advantages in marine energy into industrial value. We are now focusing on large-scale commercial... Read more »
May 03, 2021
The shareholders of Minesto AB, org.nr 556719-4919 (”Minesto” or ”Company”), are hereby given notice to attend the Annual General Meeting to be held on Wednesday 2 June 2021.Read more »
This press release is a translation of the press release in Swedish that was published on 3 May 2021. In the event of any inconsistency between the English and the Swedish versions, the latter shall prevail. Postal voting replaces tangible Annual General Meeting due to the Covid-19 Pandemic Due to... Read more »
April 28, 2021
Today starts the International Conference on Ocean Energy 2021 which is held 28–30 April in conjunction with the National Hydropower Association’s annual conference Waterpower Week. The conference, themed this year as Energizing a Powerful Blue Economy , aims to showcase the close partnership and... Read more »
April 22, 2021
CEO Dr Martin Edlund: “The satisfactory results from operations in the Faroe Islands, both in terms of electricity production and the DG100 system's performance in automatic mode, provides the right conditions and significant risk reduction to drive the development of larger power plants and...Read more »
Significant events January–March 2021 At the beginning of March, Minesto resumed operations with the DG100 power plant in the Faroe Islands. The focus has been on optimising electricity production to grid together with the customer, electricity utility company SEV, and to provide production and... Read more »
April 16, 2021
Minesto's largest owners BGA Invest and Midroc New Technology have exercised all of their warrants of series TO3 in Minesto AB. Through this, Minesto will add approximately SEK 44.7 million in proceeds before issue costs, corresponding to approximately 27 percent of the total TO3 program. In...Read more »
“We are very pleased and grateful that BGA Invest and Midroc New Technology once again show their confidence in Minesto and the commercial value of our technology and project portfolio. They have been the backbone of Minesto's ownership structure for many years, and with this additional capital the... Read more »
April 16, 2021
Leading marine energy developer Minesto reinforces its already extensive patent portfolio covering the company’s unique ocean energy technology. Minesto has been granted a new patent by which the company extends the protection of its core technology.Read more »
The approved patent concerns a technical innovation that Minesto developed and has verified in its tidal energy project in the Faroe Islands. Among other things, the solution provides greater flexibility as to which sea depths Minesto's tidal kite systems can be installed at. “We continue to... Read more »

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