News & Media

Minesto to complete Vestmannasund installation during upcoming tidal windows

July 03, 2020
Press releases
Onshore and offshore installation work has been conducted throughout the week in Minesto’s tidal energy project in Vestmannasund, Faroe Islands, involving Minesto, SEV and supplier personnel. The subsea cable installation that connects to the electric grid was not completed as planned due to a...Read more »
The technical issue with the subsea cable is not related to Minesto’s DG100 tidal kite powerplant as such but will add to the installation time plan going forward. Minesto aims to complete the infrastructure installation during upcoming periods of favourable tidal conditions. “No matter how eager... Read more »

CEO speech to Minesto's Annual General Meeting 2020 (in Swedish)

June 29, 2020
News
Presentations
Media
CEO Dr Martin Edlund's speech to the Annual General Meeting of Minesto AB on June 29, 2020 in Gothenburg. Against the background of the spread of the coronavirus, Minesto took precautionary measures before the AGM 2020 with the aim of holding a short and effective meeting. CEO Dr Martin Edlund... Read more »

Minesto closes in on Vestmannasund kite launch

June 29, 2020
News
Media
Minesto and its partner, electric utility SEV, are progressing their joint tidal energy demonstration project in Vestmannasund, Faroe Islands. With Minesto staff and hardware at the site, the installation work is at full speed to connect Minesto’s DG100 kite system to the Faroe Islands electricity... Read more »

Minesto News Update 12 June 2020

June 12, 2020
Press releases
· Minesto invited as speaker at EU Sustainable Energy Week · Pareto Securities initiates coverage on Minesto · Photos: Minesto’s first offshore installation phase of the Vestmannasund project · Minesto shortlisted as finalist in the renowned E-Prize awardsRead more »
Minesto invited as speaker at EU Sustainable Energy Week Minesto’s CEO Dr Martin Edlund has been invited as speaker during the EU Sustainable Energy Week, a month-long series of activities arranged by the European Commission with the purpose to build a secure energy future for Europe. This year’s... Read more »

Minesto completes first installation phase of the Vestmannasund project

June 08, 2020
News
Minesto progresses its tidal energy project in the Faroe Islands. The leading marine energy developer has completed the first offshore installation phase of the project, as the gravity-based foundation for the powerplant has been installed at the site in Vestmannasund.Read more »
“We are very pleased to have the first sub-sea hardware in place. The operations team has managed to safely progress the offshore installation campaign, adapting the plan to overcome both unfavourable weather conditions and logistical challenges related to the ongoing pandemic”, said David Collier... Read more »

Minesto's CEO subscribes for shares through P0 warrants

June 05, 2020
Press releases
Minesto's CEO Dr Martin Edlund has subscribed for 140,000 shares in Minesto AB through the exercise of allotted warrants of series P0.Read more »
At the same time, Martin Edlund has sold approximately 88,000 shares, among other things to finance the exercise of the P0 warrants. In total, Martin Edlund's holding in Minesto AB increases by approximately 52,000 shares after the transactions. In May 2013, the Board of Directors of Minesto... Read more »

Minesto launches new 3D animation video

June 04, 2020
News
Media
A balanced renewable energy mix is crucial in advancing the global transition towards a sustainable future energy system. Tidal streams and ocean currents are reliable and inexhaustible, and available all over the globe. To exploit this immense resource, we developed our Deep Green technology... Read more »

New date for the Annual General Meeting of Minesto AB

May 28, 2020
Press releases
Minesto has announced a new date for the company's Annual General Meeting (AGM) 2020. The new date for the AGM is 29 June 2020 at 15:00. A new notice to the AGM was published separately on 28 May 2020 and is available in Swedish at www.minesto.com/AGM . No changes to the content or arrangement of... Read more »

Minesto News Update 15 May 2020

May 15, 2020
Press releases
· Minesto features in CNBC report · Video: Presentation at Redeye Next Generation Renewables · Analyst: Three “sustainable growth favourites” · “Wales's 'Energy Island' perfectly placed to ride crest of the wave of marine renewables sector” · Study: Tidal energy can have significant...Read more »
Minesto features in CNBC report Minesto and its collaboration partner SEV feature in an article by CNBC, one of the world's largest business news networks, reporting on the Faroe Islands transition to 100 percent renewable energy by 2030, and the joint ambition to make tidal energy a significant... Read more »

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