News & Media

Minesto News Update 15 May 2020

May 15, 2020
Press releases
· Minesto features in CNBC report · Video: Presentation at Redeye Next Generation Renewables · Analyst: Three “sustainable growth favourites” · “Wales's 'Energy Island' perfectly placed to ride crest of the wave of marine renewables sector” · Study: Tidal energy can have significant...Read more »
Minesto features in CNBC report Minesto and its collaboration partner SEV feature in an article by CNBC, one of the world's largest business news networks, reporting on the Faroe Islands transition to 100 percent renewable energy by 2030, and the joint ambition to make tidal energy a significant... Read more »

Notice of the Annual General Meeting of Minesto AB

May 08, 2020
Press releases
Minesto AB has today published the Notice of the company's Annual General Meeting (AGM) 2020. The AGM will be held in Gothenburg on 9 June 2020 at 15:00 CEST...Read more »
The Notice was published in Swedish today and is available at Minesto’s website www.minesto.com/AGM . For information on the AGM in English, please contact ir@minesto.com . For additional information please contact Magnus Matsson Head of Communications & Investor Relations, Minesto AB ir@... Read more »

Strike price for Minesto’s TO3 warrants set

April 30, 2020
Press releases
The strike price for warrants TO3 in Minesto AB has been set to SEK 15.79 in accordance with the applicable terms and conditions. One (1) TO3 warrant entitles to subscribe for one (1) share in Minesto during the period up to and including 30 April 2021.Read more »
In accordance with the applicable terms and conditions, the strike price for warrants TO3 has been adjusted to the volume-weighted average price of Minesto’s share during the period 20 April 2020 until and including 30 April 2020 multiplied by 1.10. This means that the strike price for the TO3... Read more »

Study: Tidal energy can have significant importance to the Faroese grid

April 29, 2020
Picture of the Vestmannasund strait in the North West part of the Faroe Islands. Photo: Warren Cardwell
News
When commercialised, renewable energy from tidal streams will become a significant energy resource to balance other, unpredictable renewable energy sources. This is the preliminary result of studies made as a part of a PhD project on the energy balance and stability of the Faroese electrical system.Read more »
“So far the results indicate that tidal power may be of significant importance for the electrical system,” states PhD researcher Helma Maria Tróndheim in an article published in the Faroese electric utility company SEV’s recently released Annual Report . According to SEV, the electricity demand is... Read more »

Interim Management Statement 1 January–31 March 2020

April 23, 2020
Press releases
CEO Dr Martin Edlund: “Our current strong cash position allows us to focus on creating industrial value and promote the market uptake of our unique product. This fits well with the bigger picture and macro trends where we see and hear encouraging messages from EU leaders and politicians on the...Read more »
Significant events during the reporting period In February, Minesto signed a power purchase agree­ment (PPA) with the Faroese electric utility company SEV. The PPA comprises both the planned installations of two 100kW systems of Minesto’s subsea kite technology and an additional 2MW capacity... Read more »

Happy Easter

April 08, 2020
Happy Easter
News
It’s important that we all do our part, both to overcome the immediate challenges during this difficult time, and to build a sustainable future together. We wish you all a Happy Easter.Read more »

Minesto News Update 2 April 2020

April 02, 2020
News
· Minesto secures all permits for Faroe Islands’ installations · EU leaders back ‘green transition’ in Covid-19 recovery plan · Year-end Report and Annual Report 2019 · Video: CEO comments on the coronavirus situation and Minesto's ongoing project in the Faroe Islands · Virginia Crosbie MP: We...Read more »
Minesto secures all permits for Faroe Islands’ installations Minesto and its collaboration partner, the Faroese electric utility company SEV, has been granted all necessary permits and consents for the installation of two grid-connected tidal kite systems in Vestmannasund, Faroe Islands. Click here... Read more »

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