News

Minesto launches Dragon Class power plants for commercial scale-up

September 20, 2021
Press releases
Leading marine energy developer Minesto today introduces a new range of power plants – the Dragon Class – an upgraded design of the company’s Deep Green technology for predictable renewable electricity generation from tidal and ocean currents. Featuring increased performance and decreased...Read more »
“We are excited to announce this latest development of our unique technology. The Dragon Class evolves from the systems we have installed and operated in our Faroe Islands’ project. Its increased customer value is straight to the point – maximise yield and minimise costs. This is the backbone... Read more »

Minesto and electric utility SEV extend PPA and plan for scale-up in Vestmannasund

September 08, 2021
Press releases
Leading marine energy developer Minesto has signed a two-year extension of its Power Purchase Agreement (PPA) with the electric utility company SEV for Minesto’s tidal energy site in Vestmannasund, Faroe Islands. In addition, a site extension analysis concludes that the current 200 kW Vestmannasund...Read more »
“It is of great importance to Minesto that our collaboration with SEV is extended and expanded. We have a mutual commitment to a continuation of the ongoing operations in Vestmannasund and to bring tidal energy at grand scale to the Faroe Islands’ grid mix. This PPA extension is a strong signal of... Read more »

Minesto strengthens its commercial organisation with new Chief Marketing Officer

September 01, 2021
Minesto's CMO Elke Rosiers
Press releases
Minesto strengthens the company’s executive team as Elke Rosiers, with extensive experience from the energy industry and from turning new technology to business, has been appointed new Chief Marketing Officer. Through the recruitment Minesto strengthens its sales and marketing organisation to gear...Read more »
Elke Rosiers has extensive international experience and broad expertise in business and market development. Over the years she has worked with global players such as Siemens, Maersk, and Volvo as well as with growing technology-based companies. For the past six years Elke has successfully built up... Read more »

Minesto publishes Half-Year Report 2021

August 19, 2021
Press releases
CEO Dr Martin Edlund: “The solid financial position together with the technical and operational progress during the year has provided a powerful platform to deliver our existing projects, scale up the technology, expand industrial collaboration and establish new projects.”Read more »
Significant events April–June 2021 Minesto continued its operational activities at the company's production site in the Faroe Islands. During the spring, energy production from the DG100 marine power plant delivered grid-compliant electricity at new record levels. In April, Minesto announced that... Read more »

New record-level and third-party verification of electricity generation in Minesto's Faroe Islands tidal energy project

July 06, 2021
Press releases
Leading marine energy developer Minesto has reached further improved power production performance through upgrades and modifications of the company's DG100 marine power plant. Furthermore, key aspects of test operations and electricity production with the DG100 system have now been third-party...Read more »
Minesto recently resumed operations with its tidal kite system DG100 in the company's project in the Faroe Islands, which Minesto is carrying out together with the electric utility company SEV. Following this spring's success with electricity production in Vestmannasund, Minestos has upgraded the... Read more »

Presentation at Vator Securities Tech Days

June 10, 2021
Presentations
Media
On June 9, Minesto participated in Vator Securities' investor event Technologies of Tomorrow, where CEO Dr Martin Edlund presented the company, its unique marine energy technology and the ongoing work for commercialisation.Read more »

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