News & Media

April 21, 2022
CEO Dr. Martin Edlund: “With a strong confidence from our financial partners, we continue our dedicated work to demonstrate tidal energy as a commercially viable energy source.”Read more »
Significant events January-March 2022 In March, Minesto announced that the company has decided to concentrate its operational activities this year on the new, upgraded Dragon Class power plants in Vestmannasund, Faroe Islands. Within the framework of the existing electricity purchase agreement with... Read more »
April 13, 2022
Leading marine energy developer Minesto has launched a detailed plan for large-scale build-out of tidal energy arrays in the Faroe Islands. The plan includes four new verified sites that would supply 40% of the nation’s growing electricity consumption, enabling the Faroe Islands to reach its policy...Read more »
The large-scale build-out plan sets out a stepwise installation of tidal kite arrays, each with 20-40 MW installed capacity, at four verified locations. In addition to Minesto’s existing grid-connected site in Vestmannasund, the company points out Hestfjord, Leirviksfjord, Skopunarfjord and... Read more »
April 05, 2022
Minesto shares first glimpse of the first Dragon 4 unit. The Dragon Class line is designed for increased performance, reduced costs, and scalable for commercial installations. It is the new range of power plants of Minesto’s Deep Green marine energy technology, having developed from the grid-... Read more »
March 24, 2022
Minesto's Annual Report in Swedish for the financial year 2021 is now available on the company's website.Read more »
To download the Annual Report, go to: www.minesto.com/investor/rapporter . The Annual Report is published only in Swedish. For investor information in English, including Minesto’s Interim Reports, go to: www.minesto.com/investors .Read more »
March 17, 2022
CEO Dr Martin Edlund: “Minesto's next generation marine power plants are commercially ready to demonstrate the viability of marine energy as indispensable baseload power in a fully renewable energy system. We are, to say the least, excited to demonstrate the commercial potential of the dragons...Read more »
Significant events October–December 2021 Minesto continued to strengthen the company's market organisation ahead of the commercial scale up with Cecilia Sernhage as new Communication Manager. In December, Minesto announced that the company's utility-scale Dragon Class power plants, based on... Read more »
March 15, 2022
Work is well underway at Minesto to produce the wings for the world’s first commercial ocean energy kites. The D4 (100kW) wing measures 4.9 metres wide and just got a fresh coat of paint at the workshop. The wing for our utility-scale D12 (1.2MW) is next in line and the 12m laminating tool is... Read more »
March 14, 2022
Minesto has decided to concentrate this year’s operations with its Dragon Class marine energy converters at the established and grid-connected site in Vestmannasund, Faroe Islands. This plan will mitigate supply chain delays and at the same time allow Minesto to take advantage of significant...Read more »
Minesto’s first D4 unit will go straight into continuous grid-connected operation in Vestmannasund, Faroe Islands during the first half of 2022 as originally intended. To optimise the timeline, Minesto has decided to install also the second D4 (100 kW) and the larger D12 (1.2 MW) units in... Read more »
February 11, 2022
This video shows a scale model of Minesto's next generation ocean energy power plants – Dragon Class – flying from the surface node during offshore testing at Minesto's site in Strangford Lough, Northern Ireland.Read more »

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