News & Media

Minesto highlighted in the House of Commons

March 15, 2018
Albert Owen MP in the House of Commons. Photo: Parliamentlive.tv
News
Media
On Tuesday, parliamentary questions were put to the Secretary of State for Business, Energy and Industrial Strategy Greg Clark in the House of Commons. Albert Owen, Member of Parliament for Ynys Môn (Anglesey) asked the Secretary of State on the place of marine energy in the UK’s industrial... Read more »

Minesto raises SEK 72.5m in Rights Issue

February 21, 2018
Press releases
The Rights Issue of units containing new shares and warrants in Minesto AB ended on the 16th of February. A total of 5,272,018 units were subscribed, corresponding to approximately SEK 59m, which means that approximately SEK 13.5m is allocated to guarantors of the Rights Issue. Through the Rights...Read more »
“We have now secured funds to carry out crucial value-creating activities in the coming year, including demonstration of our unique Deep Green technology in Utility Scale in Wales. The strategy of product range enhancements together with site and market development in the EU and Taiwan is firm and... Read more »

Micro grid system buoy completed

February 21, 2018
The micro grid system buoy for Minesto's first Deep Green tidal energy installation in Wales.
News
The Malin Group have completed the fabrication of the buoy which will provide a critical support function to the operation of the first commercial-scale 0.5 MW Deep Green tidal current generator device located offshore at the Holyhead Deep, Wales. The buoy will be transported by road this week to... Read more »

Minesto builds offshore operations IP to increase earnings potential

February 15, 2018
News
Swedish marine energy developer Minesto takes steps to include concepts related to offshore operations in its already strong patent portfolio. The increased scope of intellectual property will enable Minesto to create licensing deals for installation, operations and maintenance of Deep Green...Read more »
“The uniqueness of our technology makes it possible for us to build intellectual property and protect concepts related to installation and operations and maintenance (O&M)”, says Martin Edlund, CEO of Minesto. Minesto’s existing patent portfolio consists of ten patent families that protect both... Read more »

Minesto's management acquires 640,000 warrants

February 14, 2018
Press releases
Senior executives in Minesto acquire 640,000 warrants under the employee stock option plan PO3. With a subscription price of SEK 7.14 and subscription period during the third quarter of 2019, the terms are in line with the warrants TO2 that will be issued in Minesto's ongoing rights issue with...Read more »
In addition to senior executives, key personnel and other staff in Minesto acquire a total of 1,173,928 warrants under the employee stock option plan PO3. The plan comprises a total of 1,813,928 warrants, which at full subscription amount to SEK 12,951,445.92. The warrants in PO3 entitle the holder... Read more »

Video: floatation of the DG500 gravity base structure

February 13, 2018
Media
Check out this time lapse video of the floatation of the gravity base structure foundation for our first Deep Green installation in Holyhead Deep, Wales, shot at a dry dock by the River Mersey a couple of weeks ago.Read more »

InnoEnergy: Why we have invested €4.5m in Minesto

February 09, 2018
News
Swedish marine energy developer Minesto has a product with key technological advantages in an area that is the next frontier for the energy market. These are some of the reasons why European investor InnoEnergy has invested €4.5m in Minesto, InnoEnergy’s Javier Sanz said at a renewable energy...Read more »
Javier Sanz, CTO Renewable Energies at InnoEnergy was the keynote speaker at the event held in Stockholm. Javier presented InnoEnergy's role in the global energy transition and how they work to support European innovative companies with the potential to become global leaders. Having invested more... Read more »

Pages