News & Media

Minesto resumes operations in the Faroe Islands

March 04, 2021
News
Leading marine energy developer Minesto continuous the operations programme with the DG100 tidal energy powerplant in Vestmannasund, Faroe Islands. This includes verification of electricity production together with the utility customer SEV and third-party certifier DNV. Personnel, hardware, and...Read more »
“We are pleased to be back in action in the Faroes and look forward to push forward providing tidal energy to the Faroese electric grid from the site in Vestmannasund”, said Dr Martin Edlund, CEO of Minesto. “Scaling up and commercialising the technology is the obvious business focus for Minesto... Read more »

Presentation at Aktiespararna renewable energy investor event (in Swedish)

February 09, 2021
News
Presentations
Media
On February 9, Minesto participated in Aktiespararna's investor event with the theme of renewable energy, where CEO Martin Edlund presented Minesto and the company's technology, projects and focus going forward.Read more »

Seasons Greetings & Happy Holidays!

December 18, 2020
Minesto Christmas 2020
News
Media
From all of us at Minesto, we wish our owners, partners, suppliers, industry colleagues, and everyone working towards a better world a Merry Christmas & Happy New Year! Take care and continue staying safe this festive season.Read more »

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 »

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