News & Media

Vestmannasund project update

October 30, 2020
News
Minesto is making progress at the company’s tidal energy site in Vestmannasund, Faroe Islands, in commissioning the DG100 kite system. To date Minesto has successfully verified the key kite system functions as well as conducted safe and efficient installation and recovery procedures.Read more »
“We are currently stepping through our commissioning plan which concludes with continuous power production to the Faroese grid. So far, we have verified the main functions of the DG100 system: kite launch and recovery procedures, kite flight control, start and stop commands, slack water turns, and... Read more »

Minesto’s Holyhead Assembly Hall is now fully operational

October 01, 2020
Minesto’s Holyhead Assembly Hall is now fully operational
News
Media
Minesto’s Assembly Hall located in Holyhead, Wales is now fully operational, serving as the hub of Minesto’s engineering and operational activities. The construction of the Assembly Hall was managed by Stena Line and the building was handed over to Minesto in spring, equipped with a loadout quay... Read more »

Video: Faroe Islands project update

September 03, 2020
News
Media
CEO Dr Martin Edlund gives an update on Minesto's tidal energy project in Vestmannasund as well as other ongoing activities in the Faroe Islands.Read more »

Minesto's CEO subscribes for shares through PO4 warrants

July 10, 2020
News
Minesto's CEO Dr Martin Edlund has subscribed for 120,000 shares in Minesto AB through the exercise of warrants of series PO4. Minesto will thus receive just over SEK 3 million in proceeds.Read more »
At the same time, Martin Edlund has sold 119,000 shares, among other things to finance the exercise of the PO4 warrants. After the transactions, Martin Edlund's shareholding in Minesto AB amounts to a total of 141,000 shares. PO4 is one of three warrant programs aimed at Minesto employees that were... Read more »

Minesto News Update 10 July 2020

July 10, 2020
News
· Minesto presents at the EU Sustainable Energy Week · Jonas Millqvist elected new chairman of Minesto · Pictures and video from the Vestmannasund installation activities · Minesto’s first DG100 kite system named “Havfrúgvin”Read more »
Minesto presents at the EU Sustainable Energy Week Minesto’s CEO Dr Martin Edlund presented at the EU Sustainable Energy Week at a webinar hosted by the International Renewable Energy Agency and Ocean Energy Europe on 19 June. The webinar, titled “New horizons: Europe driving ocean energy... Read more »

CEO speech to Minesto's Annual General Meeting 2020 (in Swedish)

June 29, 2020
News
Presentations
Media
CEO Dr Martin Edlund's speech to the Annual General Meeting of Minesto AB on June 29, 2020 in Gothenburg. Against the background of the spread of the coronavirus, Minesto took precautionary measures before the AGM 2020 with the aim of holding a short and effective meeting. CEO Dr Martin Edlund... Read more »

Minesto closes in on Vestmannasund kite launch

June 29, 2020
News
Media
Minesto and its partner, electric utility SEV, are progressing their joint tidal energy demonstration project in Vestmannasund, Faroe Islands. With Minesto staff and hardware at the site, the installation work is at full speed to connect Minesto’s DG100 kite system to the Faroe Islands electricity... Read more »

Minesto completes first installation phase of the Vestmannasund project

June 08, 2020
News
Minesto progresses its tidal energy project in the Faroe Islands. The leading marine energy developer has completed the first offshore installation phase of the project, as the gravity-based foundation for the powerplant has been installed at the site in Vestmannasund.Read more »
“We are very pleased to have the first sub-sea hardware in place. The operations team has managed to safely progress the offshore installation campaign, adapting the plan to overcome both unfavourable weather conditions and logistical challenges related to the ongoing pandemic”, said David Collier... Read more »

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