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...
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...
