News & Media

Minesto presents at ICOE 2021

April 28, 2021
News
Today starts the International Conference on Ocean Energy 2021 which is held 28–30 April in conjunction with the National Hydropower Association’s annual conference Waterpower Week. The conference, themed this year as Energizing a Powerful Blue Economy , aims to showcase the close partnership and... Read more »

Minesto's main owners and management exercise all their TO3 warrants

April 16, 2021
News
Minesto's largest owners BGA Invest and Midroc New Technology have exercised all of their warrants of series TO3 in Minesto AB. Through this, Minesto will add approximately SEK 44.7 million in proceeds before issue costs, corresponding to approximately 27 percent of the total TO3 program. In...Read more »
“We are very pleased and grateful that BGA Invest and Midroc New Technology once again show their confidence in Minesto and the commercial value of our technology and project portfolio. They have been the backbone of Minesto's ownership structure for many years, and with this additional capital the... Read more »

Minesto enhances and extends its IP protection with approved patent

April 16, 2021
News
Leading marine energy developer Minesto reinforces its already extensive patent portfolio covering the company’s unique ocean energy technology. Minesto has been granted a new patent by which the company extends the protection of its core technology.Read more »
The approved patent concerns a technical innovation that Minesto developed and has verified in its tidal energy project in the Faroe Islands. Among other things, the solution provides greater flexibility as to which sea depths Minesto's tidal kite systems can be installed at. “We continue to... Read more »

Minesto publishes the annual report for 2020

March 25, 2021
News
Minesto's annual report for the financial year 2020 is now available, in Swedish only, on the company's website.Read more »
To download the annual report, go to: www.minesto.com/investor/rapporter . The annual report is published only in Swedish. For additional information please contact Martin Edlund, CEO +46 31 29 00 60 press@minesto.com About Minesto Minesto is a leading marine energy technology company with the... Read more »

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 »

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 »

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