June 09, 2022
Recording of the speech, in Swedish, by CEO Martin Edlund to the Annual General Meeting of Minesto AB on 8 June 2022.Read more »
Please find the video hereRead more »
News
June 08, 2022
The Annual General Meeting of Minesto AB was held today, 8 June 2022, at Dockyard Hotel at Skeppet Ärans Väg 23 in Gothenburg. Chairman of the Annual General Meeting (“AGM”) was Eric Ehrencrona from MAQS Advokatbyrå.Read more »
The following main resolutions were resolved upon at the AGM. Adoption of income statement and balance sheet as well as group income statement and group balance sheet The AGM resolved to adopt the presented income statement and balance sheet as well as the group income statement and group balance... Read more »
May 25, 2022
Minesto, leading marine energy developer, has now successfully completed the first week of commissioning including satisfactory electricity production and verification of all core functionality with the new Dragon 4 tidal power plant in Vestmanna, Faroe Islands. The kite has generated first...Read more »
“We are very pleased to announce that the first week of commissioning of Dragon 4 has been successfully completed. Every aspect of the project has been fulfilled according to plan and electricity has been successfully generated,” said Martin Edlund, CEO of Minesto. “We started electricity... Read more »
May 18, 2022
Minister of State for Business, Energy and Clean Growth, Greg Hands, visited marine energy company Minesto last week where he was introduced to the technology and toured the assembly hall facility in Holyhead, North Wales. Referring to the British Energy Security Strategy, Minister Hands was eager...Read more »
Initiated by local MP Virginia Crosbie, the visit was part of a tour aiming to showcase the energy potential of Anglesey and puts the island in centre of governmental policymaking. Tidal energy was highlighted as a vital contributor to the net-zero energy system in U.K. and globally. Both Minister... Read more »
May 16, 2022
Minesto shares how the Dragon 4 fits into a 20 ft container. Designed with the ease of packing and transportation in mind, this microgrid model is ocean energy made compact.Read more »
May 09, 2022
The shareholders of Minesto AB, reg. no. 556719-4914 (“Minesto” or the ”Company”), are hereby given notice to attend the Annual General Meeting to be held on Wednesday, 8 June 2022 3:00 p.m. at Dockyard Hotel at the address Skeppet Ärans Väg 23 in Göteborg. The entrance opens and the registration...Read more »
Please note: This press release is a translation of the press release in Swedish that was published on 9 May 2022. In the event of any inconsistency between the English and the Swedish versions, the latter shall prevail. The board of directors has decided, pursuant to Chapter 7, Section 4 a of the... Read more »
May 05, 2022
Minesto had the honour of being a part of the 6th International Hybrid Power Systems Workshop held in Madeira, Portugal last week. Bringing together industry and academia, the forum is an opportunity to share international project experiences on a high technical level. The focus of the workshop has... Read more »
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 »
