News & Media

Season's Greetings from Minesto

December 21, 2018
News
From all of us at Minesto, we wish our owners, partners, suppliers, industry colleagues, other stakeholders and everybody engaged in forming a more sustainable future a Merry Christmas and a Happy New Year! Our offices are closed 22 December to 2 January. Stay safe and sustainable and enjoy the... Read more »

Video: DG500 – The Launch of a World’s First Subsea Kite

December 21, 2018
Media
As we look back on 2018, we see a year when the world really woke up to climate change and the fact that the time for talk is over and the time for action is now. Over the last year, we have seen an increasing understanding from key stakeholders and decision-makers that for a sustainable global... Read more »

Minesto enters formal planning phase with Welsh Government for second stage of public funding

December 21, 2018
Minesto's marine energy converter DG500 during its commissioning program in the Holyhead Deep, Wales
Press releases
Marine energy developer Minesto has taken the next step towards commercialisation of its subsea kite technology and the development of the marine energy sector in Wales. The company has entered the formal planning phase with Welsh Government for the second stage of public funding for Minesto’s...Read more »
The Welsh Government has confirmed that it will engage with Minesto in advanced business planning for the second stage of public funding for Minesto’s tidal energy project in Holyhead Deep off Anglesey, North Wales. “This decision is a strong sign of comfort from the Welsh Government and by such, a... Read more »

Open morning at Minesto UK's visitor centre 18 December

December 18, 2018
The front facade of Minesto's visitor centre at the offices in Holyhead, Wales.
News
On Tuesday 18th of December we will host an open morning at our Minesto UK visitor centre in Holyhead. We welcome all to an update on our activities in Wales and our project at Holyhead Deep – the first low-flow tidal energy project in the world. Full-scale and model-scale prototypes of Minestoäs... Read more »

European investor InnoEnergy expands its involvement in Minesto with €1m investment

December 10, 2018
Press releases
European powerhouse and investor in clean energy InnoEnergy expands its involvement in Swedish marine energy developer Minesto. InnoEnergy has awarded an additional €1 million to the commercialisation of Minesto’s unique marine energy technology, making Minesto InnoEnergy’s largest investment in...Read more »
“This investment underlines the role of ocean energy by Minesto’s technology in the global transition to a renewable energy system. It’s a clear sign of confidence from InnoEnergy in the capabilities of our organisation and in the potential our disruptive clean energy technology. As a major... Read more »

Minesto News Update 23 November 2018

November 23, 2018
Participants at the Taiwan-Sweden Joint Business Council Meeting 2018 in Taipei. Photo: Business Sweden
News
· Minesto joins Swedish multinational companies in Taiwan trade delegation · EU Commissioner for Climate Action & Energy: Mobilising €1.2bn for ocean energy development · Minesto enjoys Swedish and international media publicity · Minesto signs agreement with electric utility SEV for Faroe...Read more »
Minesto joins Swedish multinational companies in Taiwan trade delegation This week, Minesto participated in a Swedish trade delegation led by Stina Billinger, State Secretary at the Ministry of Enterprise and Innovation, visiting Taiwan. Minesto took part in high-level conversations relating to... Read more »

Minesto signs agreement with electric utility SEV for Faroe Islands’ installations

November 12, 2018
Picture of the Vestmannasund strait in the North West part of the Faroe Islands. Photo: SEV
Press releases
Swedish marine energy developer Minesto has signed a collaboration agreement with the main power generator and distributor on the Faroe Islands, SEV, for two installations of Minesto’s DG100 model. The agreement also includes a power purchase agreement through which SEV commits to purchase the...Read more »
“ We are delighted to have signed this agreement with SEV, an advanced customer with a pioneering energy transition agenda and a world-class tidal energy resource. With Minesto’s technology, they can add a predictable and affordable source of clean energy with the potential to play a significant... Read more »

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