Minesto’s goal is to be a world-leading equipment supplier in the field of marine energy. The company’s core business is the development and sale of power plants to project developers, energy companies and independent power producers.
Minesto’s special expertise is in the development of systems for converting marine energy as well as associated areas for business development. These areas of special expertise are complemented by a supplier chain of established manufacturing and installation companies, as well as project developers.
The marine energy sector is in the build-up phase, and Minesto’s strategy is to keep pace with the development of the value chain as the sector grows. Minesto’s core business in the long-term is the development, production and sale of power plants and systems for installation, operation and maintenance. Since the technology needs to be established in the market, the Company is also making initial project investments in the development of offshore production sites.
In order to utilise to the full the company’s special expertise and intangible assets, Minesto's business model focuses on four income streams:
- Product sales
- Operation, service and maintenance
- Site assets
- Geographical licensing