Minesto News Update 17 September 2018

EU ocean energy support discussed at Nordic tech event in Brussels
DNV GL: Renewable energy investments to triple by 2050
”AWTEC 2018 highlights the importance of marine energy in Asia”
Minesto features in Dagens Industri
The naming of a world’s-first kite
Minesto kite unveiling ceremony put focus on Wales’ marine energy potential
EU ocean energy support discussed at Nordic tech event in Brussels

On Thursday, Minesto participated at an event arranged by Ocean Energy Sweden and Ocean Energy Europe in Brussels, where Nordic technology developers together with European Commission officials discussed opportunities and challenges as the ocean energy sector is moving towards commercialisation. Read more here.

DNV GL: Renewable energy investments to triple by 2050

DNV GL, the world’s largest consultancy to the renewable energy and oil & gas industry, has released its Energy Transition Outlook 2018, in which the company foresees the investments in renewable energy to triple by 2050 to reach $2.4 trillion.

The energy mix is rapidly decarbonizing, DNV CL says, but that “will not be fast enough to meet the sub-2 ⁰C climate goal. A strong combination of several measures is the only way for the world to meet the ambitions of the Paris Agreement.”

“We need to capitalize on the affordability of the energy transition and take extraordinary measures to create a sustainable future. We have a window of opportunity to increase energy efficiency, renewable energy and carbon capture and storage to meet the Paris Agreement but we must act now,” said Remi Eriksen, Group President and CEO of DNV GL.

Read more and download the report here.

”AWTEC 2018 highlights the importance of marine energy in Asia”

Last week, Minesto participated at the 4th Asian Wave and Tidal Energy Conference (AWTEC), the largest marine energy conference in Asia. CEO Dr Martin Edlund was one of two to give an Invited Speech and together with the local university, Minesto also hosted a technical tour that attracted almost 100 visitors. Read more and see pictures from AWTEC here.

Minesto features in Dagens Industri

Recently, Minesto featured on the first news spread of Swedish financial newspaper Dagens Industri, as the paper reviewed the Midroc Group’s listed Swedish portfolio companies. The article is available to read for subscribers via this link.

The naming of a world’s-first kite

Minesto’s first device at Utility Scale has been named at a ceremony in Wales. Read more here.

Minesto kite unveiling ceremony put focus on Wales’ marine energy potential

At the end of last month, Minesto was joined by key stakeholders and local suppliers in Wales for an unveiling ceremony of the company’s first marine energy converter at Utility Scale. Read more and see pictures from the event here.