Minesto's tidal power plant Dragon 12 in operation reaching key production performance milestone
GOTHENBURG, Sweden, June 12, 2025 /PRNewswire/ -- Minesto, leading ocean energy developer, today announces that its Dragon 12 tidal energy system (Luna), installed in Vestmannasund, Faroe Islands, has met a major production performance milestone: the longer tether enables a 25% increase of power ...
Project Update Vestmanna: Commercial Scale Powerplant: Dragon 12 grid connected, producing electricity
GOTHENBURG, Sweden, May 20, 2025 /PRNewswire/ -- Minesto, leading ocean energy developer, continues operation and testing activities in Vestmanna, Faroe Islands. The Dragon 12-megawatt tidal kite 'Luna' is in electricity production, following an upgrade period most prominently including a longer ...
Minesto joins World Expo 2025 in Osaka, Japan as part of the Swedish official delegation
GOTHENBURG, Sweden, May 14, 2025 /PRNewswire/ -- Minesto, leading technology developer in ocean energy, joins the World Expo 2025 in Osaka, Japan, as part of the Swedish official delegation and partner to the Nordic Pavilion. Today 14 May, Sweden celebrated its national day at World Expo, the del...
Minesto features in internationally broadcast documentary, 'Engineering Tomorrow'
GOTHENBURG, Sweden, April 30, 2025 /PRNewswire/ -- Leading ocean energy developer, Minesto, features in a new internationally broadcast documentary series `Engineering Tomorrow'. Minesto's pioneering underwater kite technology is showcased in the `Ocean Power' episode, selected as one of a few ti...
Invitation to Minesto's Webinar: Interim Management Statement Q1 2025
GOTHENBURG, Sweden, April 28, 2025 /PRNewswire/ -- On April 30, Minesto, leading ocean energy developer, will publish their Interim Management Statement 1 January - 31 March 2025. Dr Martin Edlund, CEO, and Gustav Kvibling, CFO, will present details of the report in a webinar and share key update...
Minesto's unique ocean energy technology at the centre of global branding campaign together with SKF
GOTHENBURG, Sweden, March 27, 2025 /PRNewswire/ -- Minesto, leading developer of ocean energy is selected by renowned bearing manufacturer SKF to be part of a large-scale international marketing brand campaign. The campaign "The Faroe Islands Space Program - a space program that never leaves eart...
Minesto selected to participate in GIA (Global Innovation Accelerator) programme by Swedish Energy Agency
GOTHENBURG, Sweden, March 7, 2025 /PRNewswire/ -- Minesto, leading ocean energy developer, has been selected to participate in GIA (Global Innovation Accelerator). The Global Innovations Accelerator Programme is initiated and funded by the Swedish Energy Agency, and run together with partner Busi...
Minesto publishes Year-End Report 2024
GOTHENBURG, Sweden, Feb. 27, 2025 /PRNewswire/ -- CEO Dr. Martin Edlund: "Minesto has now demonstrated competitive renewable energy production from an untapped natural resource based on a truly novel and proprietary innovation." Significant events October - December 2024 Minesto's work towards t...
Strong stakeholder engagement towards Minesto's first tidal energy Dragon farm in Hestfjord, Faroe Islands
GOTHENBURG, Sweden, Feb. 6, 2025 /PRNewswire/ -- On Monday 3rd February, ocean energy developer Minesto welcomed Faroese stakeholders, authorities as well as the public to a seminar at the Nordic House in Torshavn.Martin Edlund, CEO of Minesto, presented the company's vision for a sustainable ene...
Video: CEO presentation at Minesto's Capital Market Day 2024
The CEO presentation from Minesto's Capital Market Day is now available on the company's website and YouTube channel. The Capital Market Day was held on11 December 2024 at the company's workshop in Gothenburg, Sweden. GOTHENBURG, Sweden, Dec. 17, 2024 /PRNewswire/ -- A presentation was delivere...
Minesto completes Hestfjord Dragon Farm specification based on Dragon 12 achievements
GOTHENBURG, Sweden, Dec. 10, 2024 /PRNewswire/ -- After successful commissioning and four months of grid connected operation with Dragon 12, this autumn Minesto has focused on evaluation of powerplant performance, analysis of critical technical systems and operating procedures, as well as identif...
Invitation to Minesto capital market day
GOTHENBURG, Sweden, Nov. 15, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, welcomes investors, analysts and media to a capital market day on11 December 2024, 14.00-16.00 at Minesto's premises in Gothenburg, Sweden. Minesto CEO DrMartin Edlund will present the company's way forward...
Minesto presents at global climate change meeting COP29 in Baku, Azerbaijan
GOTHENBURG, Sweden, Nov. 15, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, is part of the official Swedish business delegation to United Nation climate change conferenceCOP29, taking place in Baku, Azerbaijan. On "Energy Day" on 15 November, Minesto will host a session on the role...
Minesto takes part in high-level energy transition conference and exhibition, Enlit Europe 2024, in Milan
GOTHENBURG, Sweden, Oct. 22, 2024 /PRNewswire/ -- Minesto is participating in one of the biggest international energy conferences, Enlit Europe 2024 taking place inMilan. The exhibition and conference, hosting 700+ international best-in-class technologies supporting energy transition, is held at ...
First-of-a-kind tidal dragon farm in the Faroe Islands moves forward
GOTHENBURG, Sweden, Oct. 14, 2024 /PRNewswire/ -- In the North Atlantic, leading ocean energy developer Minesto is moving forward with the pioneering build-out of a tidal energy site. The Hestfjord Dragon Farm is a first-of-a-kind tidal energy array with Minesto Dragon 12-kites with a total capa...
Minesto tidal energy kites featured on BBC News
GOTHENBURG, Sweden and VÄSTRA GÖTALAND, Sweden, June 24, 2024 /PRNewswire/ -- Swedish technology developer Minesto continues to attract global recognition for their unique tidal energy kites, generating electricity from tidal streams and ocean currents. The underwater kites and demonstration site...
Project update Vestmanna: Service and inspection of Dragon 12 - demonstration site attracting international study visits
Project Update Vestmanna: Four months of grid-connected operation with the utility-scale Dragon 12 is now followed by service and inspection. Ongoing operations continue to attract visits from international stakeholders and high-level decision-makers. GOTHENBURG, Sweden, June 12, 2024 /PRNewswir...
Minesto and Sev renew and update Power Purchase Agreement - underlining the value of tidal energy in the Faroese energy mix
GOTHENBURG, Sweden and VÄSTRA GÖTALAND, Sweden, June 10, 2024 /PRNewswire/ -- Leading ocean energy developer Minesto and pioneering Faroese utility company Sev have jointly renewed and updated the power purchase agreement (PPA). The price-level is adjusted to denote the total system value of tida...
Minesto presents performance data from Dragon Class starting at Annual General Meeting today
GOTHENBURG, Sweden, May 22, 2024 /PRNewswire/ -- In today's presentation at the AGM (Annual General Meeting), Minesto shares Dragon Class performance data based on accumulated analysis of Dragon 4 power production curve and verified simulation modelling. The data plays a key role in third-party t...
First three-month milestone of trouble-free Dragon 12 testing reached - generating valuable data on performance and robustness
GOTHENBURG, Sweden and VÄSTRA GÖTALAND, Sweden, May 8, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, today announces that for three months, since its initial installation inFebruary 2024, the tidal kite Dragon 12 has been successfully grid connected and delivers as expected at the...
