News & Media

The Swedish Energy Agency grants funds to projects focusing on Minesto’s technology

July 07, 2016
Press releases
Leading Swedish tidal energy developer Minesto, together with industry and academia partners, have been granted research funds totalling SEK 5.7 million by the Swedish Energy Agency. “The decision is a clear sign of confidence from the Swedish Energy Agency in Minesto’s ability to realise the Deep...Read more »
Minesto’s patented technology Deep Green is the only proven marine power plant that can extract energy from low-velocity tidal and ocean currents in a cost-effective way. The concept has been developed over nearly a decade and for the last three years quarter scale ocean testing is ongoing outside... Read more »

Minesto’s CEO on Brexit: ”The referendum results will not affect Minesto’s EU project in Wales."

June 27, 2016
Press releases
"The financial support is secured and tidal energy is now more important than ever for the region”Read more »
Following the outcome of the EU referendum last Thursday, where the majority of the British people voted for an exit from the European Union, Minesto have today published the following comment. In May 2015, Minesto secured an offer of a €13m grant from the European Regional Development Fund through... Read more »

KIC InnoEnergy invests an additional EUR 1 million in Minesto

June 15, 2016
Press releases
KIC InnoEnergy, the European company for innovation, business creation and education in the field of sustainable energy, is expanding its involvement in Minesto, a leading developer of renewable energy from slow ocean and tidal currents. KIC InnoEnergy has awarded an additional EUR 1 million in the...Read more »
KIC InnoEnergy promotes entrepreneurship, innovation and education in sustainable energy. Minesto and KIC InnoEnergy entered into a collaboration in 2014. In September 2015, KIC InnoEnergy made their largest investment in marine energy of EUR 3.5 million to support the development of Minesto’s... Read more »

Martin Edlund continues as CEO of Minesto

May 20, 2016
Press releases
The Board of Minesto AB has today appointed Dr Martin Edlund, since February acting CEO, as CEO of Minesto. “Martin holds an ideal combination of technical expertise, industry knowledge and experience in business development”, said Bengt Adolfsson, chairman of Minesto.Read more »
Dr Martin Edlund took over as acting CEO of Minesto in February this year, when Anders Jansson chose to leave his position. Over the past six years, Dr Edlund has served as Chairman of the Board with an operational role in the company, focusing on business development and partnerships. A... Read more »

Minesto orders bottom joint system for Deep Green

May 04, 2016
Press releases
Minesto has entered into a supplier agreement with Subsea Riser Products (SRP), within which Minesto has ordered a modified version of SRP’s product Rocksteady for Minesto’s tidal energy power plant Deep Green. Delivery is scheduled for the first quarter of 2017.Read more »
SRP is an established player in the offshore industry with long experience of producing high-strength products for use in harsh environments. Minesto has now entered into a supplier agreement with SRP. Within the agreement Minesto has ordered a version of SRPs product Rocksteady, a bottom joint... Read more »

Minesto orders turbine prototype from Schottel Hydro

April 12, 2016
Press releases
Minesto has together with German tidal turbine manufacturer Schottel Hydro completed the turbine design of Minesto’s tidal power plant Deep Green. The Swedish marine energy company has now placed an order for a prototype of the turbine, with delivery in early 2017.Read more »
The order of the so-called Power Take Off system is the first result of the strategic technology partnership between Minesto and Schottel Hydro, which began in December 2015. During 2016 and 2017, Schottel Hydro will deliver a customised turbine solution which will optimally fit the requirements of... Read more »

Minesto enhances resources in business development

April 07, 2016
Press releases
Last autumn Minesto appointed Stefan Karlsson, who has extensive experience in business development in renewable energy, as new member of the company’s Board of Directors. Minesto and Stefan Karlsson has now agreed that Mr. Karlsson will enter an expanded, operational role, in which he will work...Read more »
Stefan Karlsson has been working with renewable energy since 2002. For more than a decade he had the global responsibility for the business development of Swedish SKF’s division for renewable energy. SKF is is a leading bearing and seals manufacturing company with more than 48,000 employees... Read more »

Minesto’s CEO: “The prospects for success have never been better”

March 14, 2016
Press releases
In late February the global International Conference on Ocean Energy 2016 was held in Edinburgh. Martin Edlund, CEO of Swedish marine energy technology leader Minesto, was invited to share the successful story on how the company managed to fund the development of Deep Green. ”We are in a very...Read more »
International Conference on Ocean Energy (ICOE) is held every second year and focuses on the industrial development of renewable marine energy. The theme of this year’s conference was “From Concept to Commercialisation”. Minesto’s CEO Martin Edlund took part in a panel discussion labelled ”Hunting... Read more »

New CEO at Minesto

February 03, 2016
Press releases
The Board of Minesto AB has appointed current Chairman of the Board, Martin Edlund, as acting CEO of Minesto AB. Today Martin Edlund is leading the work of the Board and has a long experience of the company. The appointment took place after Minestos current CEO, Anders Jansson decided to leave his... Read more »

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