News

Minesto publishes the Annual Report for 2021

March 24, 2022
Press releases
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 »

Minesto publishes Year-End Report 2021

March 17, 2022
Press releases
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 »

Wings in the making

March 15, 2022
News
Media
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 »

Minesto to concentrate Dragon Class operations in the Faroe Islands in 2022

March 14, 2022
Press releases
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 »

Minesto's Dragon Class ocean energy kite in action

February 11, 2022
Media
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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