News &amp; Media

Onshore and offshore installation work has been conducted throughout the week in Minesto’s tidal energy project in Vestmannasund, Faroe Islands, involving Minesto, SEV and supplier personnel. The subsea cable installation that connects to the electric grid was not completed as planned due to a...Read more »

The technical issue with the subsea cable is not related to Minesto’s DG100 tidal kite powerplant as such but will add to the installation time plan going forward. Minesto aims to complete the infrastructure installation during upcoming periods of favourable tidal conditions. “No matter how eager... Read more »

CEO speech to Minesto's Annual General Meeting 2020 (in Swedish)

June 29, 2020

Presentations

CEO Dr Martin Edlund's speech to the Annual General Meeting of Minesto AB on June 29, 2020 in Gothenburg. Against the background of the spread of the coronavirus, Minesto took precautionary measures before the AGM 2020 with the aim of holding a short and effective meeting. CEO Dr Martin Edlund... Read more »

Minesto closes in on Vestmannasund kite launch

June 29, 2020

Minesto and its partner, electric utility SEV, are progressing their joint tidal energy demonstration project in Vestmannasund, Faroe Islands. With Minesto staff and hardware at the site, the installation work is at full speed to connect Minesto’s DG100 kite system to the Faroe Islands electricity... Read more »

Minesto News Update 12 June 2020

June 12, 2020

· Minesto invited as speaker at EU Sustainable Energy Week · Pareto Securities initiates coverage on Minesto · Photos: Minesto’s first offshore installation phase of the Vestmannasund project · Minesto shortlisted as finalist in the renowned E-Prize awardsRead more »

Minesto invited as speaker at EU Sustainable Energy Week Minesto’s CEO Dr Martin Edlund has been invited as speaker during the EU Sustainable Energy Week, a month-long series of activities arranged by the European Commission with the purpose to build a secure energy future for Europe. This year’s... Read more »

Photos from Minesto's first offshore installation phase of the Vestmannasund project

June 11, 2020

Minesto completes first offshore installation phase of the Vestmannasund project

Minesto has completed the first offshore installation phase of the project, as the gravity-based foundation for the powerplant has been installed at the site in Vestmannasund. The foundation will provide the connection point for Minesto’s DG100 tidal kite system. Read more here .Read more »

Minesto completes first installation phase of the Vestmannasund project

June 08, 2020

Minesto progresses its tidal energy project in the Faroe Islands. The leading marine energy developer has completed the first offshore installation phase of the project, as the gravity-based foundation for the powerplant has been installed at the site in Vestmannasund.Read more »

“We are very pleased to have the first sub-sea hardware in place. The operations team has managed to safely progress the offshore installation campaign, adapting the plan to overcome both unfavourable weather conditions and logistical challenges related to the ongoing pandemic”, said David Collier... Read more »

Minesto's CEO subscribes for shares through P0 warrants

June 05, 2020

Minesto's CEO Dr Martin Edlund has subscribed for 140,000 shares in Minesto AB through the exercise of allotted warrants of series P0.Read more »

At the same time, Martin Edlund has sold approximately 88,000 shares, among other things to finance the exercise of the P0 warrants. In total, Martin Edlund's holding in Minesto AB increases by approximately 52,000 shares after the transactions. In May 2013, the Board of Directors of Minesto... Read more »

Minesto launches new 3D animation video

June 04, 2020

A balanced renewable energy mix is crucial in advancing the global transition towards a sustainable future energy system. Tidal streams and ocean currents are reliable and inexhaustible, and available all over the globe. To exploit this immense resource, we developed our Deep Green technology... Read more »

New date for the Annual General Meeting of Minesto AB

May 28, 2020