News & Media

Seasons Greetings & Happy Holidays!

December 18, 2020
Minesto Christmas 2020
News
Media
From all of us at Minesto, we wish our owners, partners, suppliers, industry colleagues, and everyone working towards a better world a Merry Christmas & Happy New Year! Take care and continue staying safe this festive season.Read more »

Presentation at Västra Hamnen's Investor Day

December 03, 2020
Presentations
Media
Minesto participated in Västra Hamnen Corporate Finance's Investor Day on 2 December, where CEO Dr Martin Edlund presented the company and the recent achievements in Minesto's project in the Faroe Islands.Read more »

VIDEO - Minesto delivers first tidal energy to the Faroese grid

December 02, 2020
Media
As a part of the ongoing commissioning work of its DG100 tidal kite system in Vestmannasund, Faroe Islands, leading marine energy developer Minesto has reached the milestone of delivering electricity to the Faroese grid facilitated by the Power Purchase Agreement with the utility company SEV.Read more »

Minesto reaches historic milestone – delivers first tidal energy to the Faroese grid

December 01, 2020
Press releases
As a part of the ongoing commissioning work of its DG100 tidal kite system Vestmannasund, Faroe Islands, leading marine energy developer Minesto has reached the milestone of delivering electricity to the Faroese grid facilitated by the Power Purchase Agreement with the utility company SEV.Read more »
“This is a historic moment and a massive step forward for Minesto and the development of our unique product. We are particularly satisfied with the production performance level of the system”, said Dr Martin Edlund, CEO of Minesto. “We are now looking forward to our continued operations in... Read more »

Minesto featured in DMEC's video on marine energy

November 09, 2020
Media
Minesto has been featured in Dutch Marine Energy Centre's (DMEC) video for promoting marine energy to policymakers, investors, market players and general public. You will learn about marine energy's role in energy transition, marine energy 'markets' and more in this educational video.Read more »

Vestmannasund project update

October 30, 2020
News
Minesto is making progress at the company’s tidal energy site in Vestmannasund, Faroe Islands, in commissioning the DG100 kite system. To date Minesto has successfully verified the key kite system functions as well as conducted safe and efficient installation and recovery procedures.Read more »
“We are currently stepping through our commissioning plan which concludes with continuous power production to the Faroese grid. So far, we have verified the main functions of the DG100 system: kite launch and recovery procedures, kite flight control, start and stop commands, slack water turns, and... Read more »

Interim Management Statement 1 January–30 September 2020

October 22, 2020
Press releases
Minesto’s CEO Dr Martin Edlund: “The installation activities during the summer showed good progress towards the realisation of cost-effective procedures for the installation and maintenance of Minesto's power plants. We are now looking forward to demonstrate the commercial viability of our...Read more »
Significant events July–September 2020 In early July, Minesto announced that the installation of the subsea cable in the Vestmannasund project in the Faroe Islands, which connects Minesto's power plant to the electricity grid, had not been completed as planned due to a technical issue that occurred... Read more »

Minesto’s Holyhead Assembly Hall is now fully operational

October 01, 2020
Minesto’s Holyhead Assembly Hall is now fully operational
News
Media
Minesto’s Assembly Hall located in Holyhead, Wales is now fully operational, serving as the hub of Minesto’s engineering and operational activities. The construction of the Assembly Hall was managed by Stena Line and the building was handed over to Minesto in spring, equipped with a loadout quay... Read more »

Warrant program PO4 in Minesto AB completed

September 22, 2020
Press releases
Senior executives in Minesto have subscribed for a total of 280,000 new shares in Minesto AB through the exercise of warrants of series PO4. As a result, all issued PO4 warrants in Minesto have been exercised and the company will add approximately SEK 7.4 million in proceeds through the warrant...Read more »
PO4 is one of three warrant programs aimed at Minesto employees that were approved at the company's Annual General Meeting in 2019. A total of 280,000 warrants of series PO4 have been issued, all of which were acquired by senior executives in Minesto in August 2019. One (1) warrant of series PO4... Read more »

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