News & Media

May 28, 2019
· 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 »
February 28, 2019
· EU invests over €10bn in innovative clean technologies · Minesto links up with Antigua and Barbuda and United Nations Office for Project Services · Minesto speakers at Marine Energy Wales’ 10th Annual Conference · Minesto features in The Times ”Future of Energy” report · Company presentation at...Read more »
EU invests over €10bn in innovative clean technologies The European Commission has announced an investment programme worth over €10 billion for low-carbon technologies in several sectors to boost their global competitiveness. “We will need deployment of clean innovative technologies on an... Read more »
February 26, 2019
Marine energy developer Minesto has signed a Memorandum of Understanding with the Government of Antigua and Barbuda. Through a feasibility study, facilitated by the United Nations Office for Project Services, the parties will explore the possibilities of supplying the Eastern Caribbean with...Read more »
Minesto and the Government of Antigua and Barbuda have agreed to conduct a joint ocean resource feasibility study of the potential deployment of Minesto’s marine energy technology Deep Green around Antigua and the wider Eastern Caribbean region. The collaboration will be facilitated by the United... Read more »
February 11, 2019
Marine energy developer Minesto has concluded its warrants program of series TO 2. In total, 98 percent of outstanding warrants were exercised, which means that Minesto will add approximately SEK 44.4 million in proceeds before issue costs to the commercialisation activities of the company’s unique...Read more »
Commenting on the outcome of the warrants program Minesto’s CEO Dr Martin Edlund said: “We are pleased that so many have chosen to exercise their warrants and subscribe for new shares in Minesto. We will use this capital injection together with our other sources of funding to continue the... Read more »
January 23, 2019
Minesto's largest shareholders BGA Invest and Midroc New Technology has underlined their long-term commitment in Minesto by exercising all of their warrants held in Minesto AB. The subscription period for Minesto's TO 2 warrants runs until 8thof February 2019...Read more »
Minesto's two main owners BGA Invest and Midroc New Technology have made further investments in Minesto by having exercised all of their “MINEST TO 2” warrants held in Minesto AB. “As long-term and active owners in Minesto, BGA Invest and Midroc New Technology have been crucial to take the company... Read more »
December 21, 2018
Minesto's marine energy converter DG500 during its commissioning program in the Holyhead Deep, Wales
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 »
December 10, 2018
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 »
November 12, 2018
Picture of the Vestmannasund strait in the North West part of the Faroe Islands. Photo: SEV
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 »
November 09, 2018
Minesto's marine energy converter DG500 during its commissioning program in the Holyhead Deep, Wales
Marine energy developer Minesto has completed the offshore commissioning and test programme of its EU-funded tidal energy project offshore Holyhead, North Wales, which aims to demonstrate the company’s first utility-scale system of its pioneering subsea kite technology.Read more »
“ We are proud of what we have achieved in Wales this year, the team has reached all its testing milestones in a safe and professional manner. Through the project installation, commissioning and operation activities of our DG500 device, we are pleased to successfully have verified the control... Read more »
October 09, 2018
Minesto's marine energy converter DG500 during its commissioning program in the Holyhead Deep, Wales
Marine energy developer Minesto has achieved initial electricity generation with its first commercial-scale marine energy kite during the commissioning program of the company’s ground-breaking low-flow tidal energy project in Wales.Read more »
“We are entering a new era of renewable energy generation and Minesto is at the forefront”, said Minesto’s CEO Dr Martin Edlund. “The achievements in Wales over the last few months makes us confident that our unique technology can operate in low-flow tidal streams and ocean currents, offering... Read more »

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