Minesto presents today at Naventus Renewables Summit, Stockholm
GOTHENBURG, Sweden, March 26, 2024 /PRNewswire/ -- Minesto's CEO Dr Martin Edlund presents today at Naventus Renewables Summit held in Stockholm, 26 March 2024. The event is livestreamed, and Minesto will be presenting at 14.40 CET: Naventus & Partners Renewables Summit 2024 For additional ...
Minesto's CEO comments on the ongoing Rights Issue and the commercial agenda
GOTHENBURG, Sweden, March 22, 2024 /PRNewswire/ -- Minesto's CEO Dr Martin Edlund today comments on the ongoing Rights Issue. In addition, Martin Edlund is taking part in today's episode of podcast "Aktiepodden" by Aktiespararna, where he talks about the company and answers questions related to t...
Minesto welcomes enhanced cooperation between European Union and the Faroe Islands
GÖTEBORG, Sweden, March 19, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, welcomes the newly signed Memorandum of Understanding (MoU) on Enhanced Cooperation between the Government of theFaroe Islands and the European Union. The enhanced cooperation opens for strengthened business...
Minesto strengthens market activities in Australia and New Zealand by partnering with local project developer
GOTHENBURG, Sweden, March 15, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, strengthens the market activities inAustralia and New Zealand by signing collaboration agreement with a new business partner, Hydrokite Project Development. The new partner is established fit-for-purpose t...
Minesto selected for Swedish Energy Agency and Business Sweden's BAPSEA programme in Southeast Asia
GOTHENBURG, Sweden, March 8, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, has been awarded a place in the acceleration programme BAPSEA (Business Acceleration Programme Southeast Asia), strengthening Minesto's business capabilities in the region. BAPSEA is a joint programme by th...
Project update Vestmanna: Dragon 12 functionality verified and power production performance satisfactory and as projected
GOTHENBURG, Sweden, Feb. 22, 2024 /PRNewswire/ -- After the first two weeks of testing, the Dragon 12 functionality is verified and power production performance is satisfactory and as projected. All core operating functions such as starting, turning with the tidal flow and electricity generation ...
Minesto Evolves Its Faroese Business Case, Upgrading to a 200 Mw Tidal Energy Buildout
GOTHENBURG, Sweden, Feb. 21, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, has upgraded the roadmap to a 200 MW tidal energy buildout in the Faroe Islands. The scaled-up roadmap is a response to the growing demands for renewable energy, where unlocking the tidal opportunity enables...
Minesto participates in roundtable at International Energy Agency's invite-only Energy Innovation Forum on Global Energy Transition
GOTHENBURG, Sweden, Feb. 20, 2024 /PRNewswire/ -- Minesto's CEO Dr Martin Edlund, was invited to a seat at the roundtable "Managing risks for successful demos" at IEA Energy Innovation Forum inParis last week. This by invitation-only event aims at addressing the main challenges facing breakthro...
Minesto reaches historic milestone - first electricity to grid with tidal powerplant Dragon 12 (1.2 MW)
GOTHENBURG, Sweden, Feb. 9, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, today announces that a key milestone has been reached: The utility-scale tidal powerplant Dragon 12 - rated at 1.2 MW - has been successfully commissioned and, in the early morning ofFebruary 9, delivered it...
Continued collaboration between Minesto and Swedish Energy Agency - 3 MSEK funding awarded for upgrading of mooring system
GÖTEBORG and VASTRA GOTALAND, Sweden, Feb. 8, 2024 /PRNewswire/ -- The Swedish Energy Agency has awarded Minesto a 2.8 MSEK grant to support development and testing of next generation mooring system. The grant co-funds a project through which Minesto will advance performance of the unique tether ...
Project update Vestmanna: Minesto CEO comments on the multiple ongoing activities
GOTHENBURG and VASTRA GOTALAND, Sweden, Jan. 25, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, continues to push the preparations to completion for commissioning of Dragon 12 in Vestmanna,Faroe Islands. Today, Minesto's CEO Dr.Martin Edlund comments on the multiple ongoing activit...
Project update Vestmanna - Launch and Recovery procedure for utility scale tidal powerplant Dragon 12 verified
GÖTEBORG and VASTRA GOTALAND, Sweden, Jan. 10, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, has successfully executed the Launch & Recovery method (LARS) for the first megawatt tidal kite Dragon 12 (1.2 MW, 25 tons). The operations developed for the Dragon 4 (100kW, 2.5 tons) wer...
Installation of Dragon 12 seabed anchor completed successfully
GOTHENBURG, Sweden, Dec. 7, 2023 /PRNewswire/ -- Minesto, leading developer of ocean energy, has today successfully completed the installation of a drilled and grouted seabed anchor solution for theDragon 12, at the company's production site offshore in Vestmannasund,Faroe Islands. The installati...
Minesto debuts at COP28
GOTHENBURG, Sweden, Dec. 1, 2023 /PRNewswire/ -- Minesto, leading ocean energy developer, is part of the Swedish official business delegation to theCOP28, the United Nations' global climate change conference. Starting today, Minesto's CEO DrMartin Edlund will participate in several programme ses...
Minesto's tidal energy kite featured in Swedish tech magazine "Ny Teknik"
GOTHENBURG, Sweden, Nov. 23, 2023 /PRNewswire/ -- Minesto, leading ocean energy developer, is today featured in Swedish tech newspaper "Ny Teknik". The article with the headline "Elproduktion nära - fullskalig tidvattendrake snart i drift" is based on an interview with Minesto's CEO DrMartin Edlu...
Onshore testing of kite system Dragon 12 completed - now being shipped for installation and commissioning in Faroe Islands: Minesto
GOTHENBURG, Sweden, Nov. 9, 2023 /PRNewswire/ -- Minesto, leading ocean energy developer, today announces that the Dragon 12 kite (1.2 MW) is now being shipped from the Uddevalla port toFaroe Islands for final stage of commissioning in Vestmanna. Shipment is now underway for the final stage of s...
Minesto tidal energy kite featured on BBC news
GOTHENBURG, Sweden, Oct. 26, 2023 /PRNewswire/ -- The Minesto tidal energy kite was recently featured on BBC News broadcasting, as well as an editorial article. The article is available on the BBC website: Could the UK's tides help wean us off fossil fuels? - BBC News Press contact Cecilia Sern...
Final quayside assembly of tidal energy kite Dragon 12 initiated in Uddevalla, Sweden
GÖTEBORG, Sweden, Sept. 26, 2023 /PRNewswire/ -- Minesto, leading ocean energy developer, has completed the manufacturing of theDragon 12 wing and started system integration at quayside in Uddevalla port,Sweden. The quayside completion of the kite enables an efficient shipment directly to Minesto...
The Minesto tidal energy dragon featured on CBS News New York
GÖTEBORG, Sweden, Sept. 19, 2023 /PRNewswire/ -- In a news broadcasting by Vanessa Murdock, CBS News New York on Monday evening, Minesto was featured as part of the Ingka Group's exhibition on innovative solutions to climate crisis. The news coverage includes Minesto's tidal energy technology and...
Minesto, part of the Swedish business delegation to COP28, joins Climate Week New York
GOTHENBURG, Sweden, Sept. 18, 2023 /PRNewswire/ -- Minesto, leading ocean energy developer, is for the second time part of the official Swedish business delegation to the United Nation's global climate conference,COP28 in Dubai 30 Nov-12 Dec 2023. The road to COP28 starts today at Climate Week Ne...
