News & Media

Minesto completes initial commissioning trials of its DG500 marine energy kite

August 14, 2018
News
Marine energy developer Minesto has completed the initial commissioning sea trials of its unique subsea kite technology called Deep Green off the coast of Holyhead, North West Wales. Through the initial trials, a range of functionalities such as the kite control system, launch and recovery systems...Read more »
The results of the initial commissioning tests have been analysed and the main conclusion is that Minesto’s DG500 marine energy kite, which produces renewable energy from tidal streams and ocean currents, is ready to commence “flying” full subsea trajectories. Commenting on the progress, Minesto’s... Read more »

"The EU funding has been essential to get us to where we need to be""

August 06, 2018
Media
Our Welsh colleagues Louise and Osian presents Minesto’s technology, our operations in Wales and the importance of the support from our public funding partner Welsh European Funding Office in this video, produced by the European Commission office in the UK. In May 2015, Minesto secured a €13m... Read more »

Minesto features in the Guardian marine energy report

July 04, 2018
Media
Minesto features in an article published in the Guardian today about marine energy technologies and the role of tidal stream energy and other blue energy in the global energy mix. In the report, which profoundly examines the difference between different technologies and marine energy sources, our... Read more »

Minesto initiates DG500 commissioning program

July 02, 2018
Minesto's marine energy converter DG500 undergoes sea trails in Holyhead Harbour, Nort West Wales. Photo: Minesto
News
Marine energy developer Minesto has initiated the commissioning program of its first tidal energy project in commercial scale in North West Wales, with initial sea trials of the company’s DG500 tidal energy converter taking place in Holyhead harbour and the Holyhead Deep site.Read more »
“The activities in Holyhead are progressing well and we are pleased to have moved on to the commissioning phase of the DG500 project”, said Minesto’s Chief Operating Officer David Collier. “The commissioning vessels are chartered, and the kite is in the water. We are now performing some initial... Read more »

European Commission backs Minesto roadmap for commercial breakthrough

June 21, 2018
Press releases
Swedish marine energy developer Minesto has been selected by the European Commission for phase 1 of the Horizon 2020 SME Instrument programme. The awarded funding is dedicated to a customer-involved feasibility study with the purpose of facilitating commercialisation of Minesto’s unique Deep Green...Read more »
“This grant underscores Minesto’s ability and industry-leading track record in obtaining public funding support from the EU”, said Dr Martin Edlund, CEO of Minesto. “More importantly, it also shows that the European Commission acknowledges and supports our market entry approach based on initial... Read more »

Presentation at AGM 2018 (in Swedish)

June 08, 2018
Presentations
Media
On Tuesday, Minesto AB held its Annual General Meeting in Gothenburg, Sweden. Minesto's CEO Dr Martin Edlund made a presentation to the participant the meeting, available to watch in the video above.Read more »

Minesto reinforces its project finance capability through new board members

June 07, 2018
News
Javier Sanz, CTO Renewable Energies at InnoEnergy, a leading European investor in renewable energy and Jonas Millqvist, with extensive project finance experience from global wind developer Vestas are new board members in Minesto AB.Read more »
“We are delighted to welcome Javier and Jonas to the Board of Directors”, said Bengt Adolfsson, Chairman and main owner of Minesto. “Minesto faces an exciting time in the development and commercial rollout of its unique Deep Green technology. With the newly elected board members we add to the board... Read more »

Minesto News Update 30 May 2018

May 30, 2018
Minesto's CEO Dr Martin Edlund COO David Collier guide Ken Skates AM during the Cabinet Secretary's visit to Holyhead, Wales. Photo: Minesto
News
· Minesto hosts Ministerial visit · Second installation phase at Holyhead Deep completed · Technical analysis of the Minesto share · Company presentation at Aktiedagen Malmö · Q1 Interim Management Statement publishedRead more »
Minesto hosts Ministerial visit On Thursday, Minesto had the honour of being visited by Ken Skates AM, Cabinet Secretary for Economy and Transport in Wales, at the company’s UK head offices in Holyhead. The Cabinet Secretary was given an update of Minesto’s operations in Wales as well as a tour to... Read more »

Minesto welcomes Minister to Holyhead

May 30, 2018
Ken Skates AM together with Minesto's CEO Dr Martin Edlund and COO David Collier. Photo: Minesto
News
On Thursday, Minesto had the honour of being visited by Ken Skates AM, Cabinet Secretary for Economy and Transport in Wales, at our UK head offices in Holyhead. The Cabinet Secretary was given a tour around Minesto’s offices with an update on Minesto’s operations in Wales and the company’s DG500... Read more »

Technical analysis of the Minesto share (in Swedish)

May 29, 2018
Media
In the Friday edition of Swedish finance web TV show Trading Direkt, a technical analysis of the Minesto share is presented. See the analysis at approx. 21:30 mins in the video above.Read more »

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