News & Media

October 01, 2020
Minesto’s Holyhead Assembly Hall is now fully operational
Minesto’s Assembly Hall located in Holyhead, Wales is now fully operational, serving as the hub of Minesto’s engineering and operational activities. The construction of the Assembly Hall was managed by Stena Line and the building was handed over to Minesto in spring, equipped with a loadout quay... Read more »
September 03, 2020
CEO Dr Martin Edlund gives an update on Minesto's tidal energy project in Vestmannasund as well as other ongoing activities in the Faroe Islands.Read more »
July 10, 2020
Minesto's CEO Dr Martin Edlund has subscribed for 120,000 shares in Minesto AB through the exercise of warrants of series PO4. Minesto will thus receive just over SEK 3 million in proceeds.Read more »
At the same time, Martin Edlund has sold 119,000 shares, among other things to finance the exercise of the PO4 warrants. After the transactions, Martin Edlund's shareholding in Minesto AB amounts to a total of 141,000 shares. PO4 is one of three warrant programs aimed at Minesto employees that were... Read more »
July 10, 2020
· Minesto presents at the EU Sustainable Energy Week · Jonas Millqvist elected new chairman of Minesto · Pictures and video from the Vestmannasund installation activities · Minesto’s first DG100 kite system named “Havfrúgvin”Read more »
Minesto presents at the EU Sustainable Energy Week Minesto’s CEO Dr Martin Edlund presented at the EU Sustainable Energy Week at a webinar hosted by the International Renewable Energy Agency and Ocean Energy Europe on 19 June. The webinar, titled “New horizons: Europe driving ocean energy... Read more »
June 29, 2020
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 »
June 29, 2020
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 »
June 08, 2020
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 »
June 04, 2020
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 »
April 29, 2020
Picture of the Vestmannasund strait in the North West part of the Faroe Islands. Photo: Warren Cardwell
When commercialised, renewable energy from tidal streams will become a significant energy resource to balance other, unpredictable renewable energy sources. This is the preliminary result of studies made as a part of a PhD project on the energy balance and stability of the Faroese electrical system.Read more »
“So far the results indicate that tidal power may be of significant importance for the electrical system,” states PhD researcher Helma Maria Tróndheim in an article published in the Faroese electric utility company SEV’s recently released Annual Report . According to SEV, the electricity demand is... Read more »

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