Minesto targets Asian market with Swedish Energy Agency funded program
Swedish tidal energy developer Minesto has been selected to participate in the Global Innovation Accelerator (GIA), a program funded by the Swedish Energy Agency and operated with Business Sweden.

According to Minesto, the initiative supports companies with an international market strategy that contribute to a sustainable energy transition.
Minesto said that its participation will focus on expanding its business in Asia. The 12-to-18-month program offers market development support, including market mapping, standardization and certification guidance, trade fair participation, and investor networking.
In February, Norway-based classification society DNV completed an independent technical review of Minesto’s Dragon-class technology, reinforcing the investment case for its planned 10 MW array in the Faroe Islands.
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DNV completes independent review of Minesto’s Dragon-class technology
Certification & Classification
In December 2024, Minesto finalized the design and technical specifications for its upgraded Dragon 12 tidal energy system, marking a step toward deploying the first Dragon farm at Hestfjord in the Faroe Islands.