News & Media

Minesto secures €2.5m European Commission funding for first customer project

June 10, 2019
Picture of the Vestmannasund strait in the North West part of the Faroe Islands. Photo: SEV
Press releases
Leading marine energy developer Minesto has been awarded a €2.5 million grant from the European Commission’s SME Instrument programme. The awarded funding will support the installation of Minesto’s technology in the Faroe Islands together with the utility company SEV.Read more »
“This is great news for Minesto and our joint project with the utility customer SEV”, said Dr Martin Edlund, CEO of Minesto. “The EU community once again show trust and commitment to our technology and commercialisation roadmap.” Minesto will receive a €2.5 million grant from EU’s SME Instrument... Read more »

Welsh Government awards €14.9 million of EU funding to leading marine energy developer Minesto

May 31, 2019
Press releases
The Welsh Government has announced their continued support to leading marine energy developer Minesto following the award of €14.9 million of EU funding for the next phase of Minesto’s tidal energy scheme in Wales.Read more »
Commenting on the funding decision, Minesto’s CEO Dr Martin Edlund said: “This is a key contribution to the commercialisation of our technology and a strong sign of commitment from the Welsh Government. We are pleased to see that we share an agenda to industrialise tidal energy in Wales, to enable... Read more »

Minesto News Update 28 May 2019

May 28, 2019
News
· Minesto progress DG100 project with subsystem orders · Tidal wave of MPs unite in support of UK marine power · Minesto partners with leading financial advisor to capitalise commercial rollout · Marketing Coordinator wanted to Gothenburg office · Minesto presentation and study visit at Blue Energy...Read more »
Minesto progress DG100 project with subsystem orders Minesto is making progress with the development and manufacturing of its first DG100 unit, which will be installed in the Faroe Islands within the scope of Minesto’s collaboration with Faroese utility company SEV. As reported earlier, Minesto has... Read more »

Minesto progress DG100 project with subsystem orders

May 28, 2019
Minesto's DG100 model
News
Minesto is making progress with the development and manufacturing of its first DG100 unit, which will be installed in the Faroe Islands within the scope of Minesto’s collaboration with Faroese utility company SEV . As reported earlier , Minesto has awarded a contract for design and development of... Read more »

Minesto partners with leading financial advisor Pareto to capitalise commercial rollout

May 20, 2019
News
Swedish marine energy developer Minesto has engaged with leading financial advisor Pareto Securities to intensify relationships with institutional investors. The purpose is to accelerate and capitalise the commercial rollout of Minesto’s first-of-its-kind renewable energy technology.Read more »
“We know that as the world moves to clean energy, investors are looking for new technologies and ventures in renewable energy generation. Building on the progress we have made over the last few years, we want to take advantage of that trend to accelerate and capitalise the commercialisation of our... Read more »

Tidal wave of MPs unite in support of UK marine power

May 13, 2019
The South Stack Lighthouse on Holy Island, North Wales, overlooking Minesto's Holyhead Deep site 6km off the coast. Photo: Warren Cardwell
News
91 Members of Parliament from all the main parties have signed a letter to the UK Energy Minister Claire Perry, urging her to put measures in place to ensure that the UK capitalises on its role as a world leader in wave and tidal power. The letter, written by the Conservative Member of Parliament... Read more »

Investor presentation at ProHearings Stockholm (in Swedish)

April 30, 2019
Presentations
Media
Minesto participated at the Swedish investor event ProHearings in Stockholm on 26 April. CEO Dr Martin Edlund presented Minesto at the event, and the presentation is available to watch in the video above.Read more »

Vacancies to strengthen the Holyhead team

April 09, 2019
News
Minesto seeks to strengthen the operational team based in Holyhead, Isle of Anglesey with several recruitments. The vacancies are Consents Manager Electrical Power Systems Engineer Project Manager Technician Read more about the different openings and how to apply here .Read more »

Minesto awards contract for DG100 foundation connection system

April 08, 2019
Illustration of Minesto's foundation connection system for the company's first DG100 model. Photo: Minesto
News
Minesto has completed the procurement of the foundation connection system for the DG100 model of the company’s subsea kite technology called Deep Green. A contract for design and development of the system has been awarded to Inyanga-Tech, with Quoceant as main sub-supplier. The foundation... Read more »

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