Search results for: Minesto

417 results

A list of search results

  • 1 February 2017
    Business & Finance, Technology

    Minesto’s largest owners BGA Invest and Midroc New Technology will invest additional SEK 34 million ($3.8 million) in the company by exercising all of their warrants held in Minesto.

  • 6 March 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Minesto has closed the subscription for its TO1 warrant program having secured approximately SEK 75 million ($8.35 million) in proceeds.

  • 9 November 2015
    Business & Finance

    Minesto, a Swedish wave energy developer, has started trading its shares on First North at NASDAQ Stockholm today, November 9, 2015. The issue price for Minesto’s shares was set at SEK 5.60 ($0.64) per unit, and according to Di.se, a financial news portal, Minesto’s share price rose to SEK 7.20 ($0.83) per share in the […]

  • 30 May 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Swedish developer Minesto has welcomed Welsh Minister Ken Skates who received an update on the company’s tidal energy operations in Wales.

  • 10 April 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    The installation of the communication system for Deep Green tidal plant is currently being performed by Vissim Renewables which secured the contract from Minesto early in 2018.

  • 16 March 2020

    Swedish marine energy developer Minesto said that so far it has had no negative impact related to the coronavirus disease (COVID-19) on incoming components and subsystem deliveries. The major kite system components for Minesto’s Faroe Islands project are assembled and are currently being factory tested and commissioned. Minesto is targeting installation of the first DG100 […]

  • 5 June 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Swedish developer Minesto has released a video showing the recently completed equipment connection operation as part of Deep Green project installation off Wales.

  • 9 September 2019
    Operations & Maintenance, Research & Development, Technology

    Minesto’s Board of Directors and senior management recently visited the Faroe Islands where they engaged in strategy discussions and meetings with key stakeholders. Minesto’s Board and management team met with the company’s collaboration partner in the Faroe Islands, the electric utility company SEV. The purpose was to discuss the current joint project to install two […]

  • 3 July 2020
    Business developments & projects, Operations & Maintenance

    Minesto’s tidal energy project in Vestmannasund, Faroe Islands has hit a snag due to a technical issue occurring during cable laying. Therefore, the subsea cable installation that connects to the electric grid failed to complete as planned. The technical issue with the subsea cable is not related to Minesto’s DG100 tidal kite powerplant, the company […]

  • 25 October 2019
    Authorities & Government, Research & Development

    Minesto has renewed the collaboration agreement with National Taiwan Ocean University to explore the potential for Minesto’s Deep Green technology in Taiwan. The renewed collaboration agreement with National Taiwan Ocean University’s Center for Ocean Energy System (COES) was signed at a ceremony in Taipei by Minesto’s CEO Dr Martin Edlund and Professor Chen-Chou Lin, Director […]

  • 4 July 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Minesto has decided to engage a new supplier for the construction of a gravity-based structure (GBS) foundation for its Deep Green project as a result of the discontinuation by current supplier Ocean Resource.

  • 7 June 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Swedish developer Minesto has appointed Javier Sanz, and Jonas Millqvist, as the new member on its board whose focus will be on reinforcing project finance capabilities and commercialization of the company’s tidal energy technology.

  • 28 October 2015
    Business & Finance

    Minesto, a Swedish wave energy developer, has secured SEK 145 million (€15.5 million) and attracted 2,500 new shareholders following the issue of new shares. According to Minesto, the company has ensured a fully funded business plan for the development of its Deep Green wave energy technology. Anders Jansson, CEO of Minesto, said: “In total Minesto […]

  • 21 December 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Swedish marine energy developer Minesto has entered formal planning phase together with the Welsh government for the second stage of public funding for its Deep Green tidal energy project in Wales.

  • 20 May 2019
    Business & Finance, Technology

    Swedish marine energy developer Minesto has engaged with leading financial advisor Pareto Securities to intensify relationships with institutional investors. The purpose is to accelerate and capitalise the commercial rollout of Minesto’s first-of-its-kind renewable energy technology, the company said. “We know that as the world moves to clean energy, investors are looking for new technologies and […]

  • 4 May 2018
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    The bottom joint system that will be used to moor Minesto’s DG500 device to the seabed in Holyhead Deep, Wales has been installed onto the gravity-based foundation. The bottom joint functions as a locking mechanism between the power plant’s tether and the seabed foundation. It is also articulated in two axis, which enables the kite […]

  • 9 October 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Swedish developer Minesto has achieved initial electricity generation with its first commercial-scale marine energy kite during the commissioning program of its Deep Green low-flow tidal energy project in Wales. The first 500kW utility-scale system of Minesto’s patented Deep Green technology has been commissioned at the Holyhead Deep site off the coast of North Wales, according […]

  • 24 May 2018
    Equipment, Operations & Maintenance

    Minesto has completed the installation of the micro grid system (MGS) buoy that will be used for the company’s first tidal energy installation in Holyhead Deep, Wales. Moored to the seabed using three anchor lines, the offshore buoy will provide auxiliary power and communications with Minesto’s DG500 marine energy power plant and will also act […]

  • 12 November 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Swedish marine energy developer Minesto has signed up its first customer through a collaboration agreement with the main power utility on the Faroe Islands, SEV, for the installation of two DG100 tidal energy devices.

  • 10 June 2019
    Authorities & Government, Business & Finance, Research & Development, Technology

    Swedish marine energy developer Minesto has been awarded a €2.5 million grant from the European Commission’s SME Instrument programme. The awarded funding will support the installation of Minesto’s technology in the Faroe Islands together with the utility company SEV. “This is great news for Minesto and our joint project with the utility customer SEV”, said […]

  • 6 February 2018
    Business & Finance, Technology

    The representatives from the European investor InnoEnergy and Swedish tidal energy developer Minesto will be featured as speakers at the renewable energy capital markets day in Stockholm.

  • 8 July 2016
    Research & Development

    Tidal energy developer, Minesto, has been granted research funds totaling SEK 5.7 million by the Swedish Energy Agency. “The decision is a clear sign of confidence from the Swedish Energy Agency in Minesto’s ability to realize the Deep Green technology,” said Dr Heije Westberg, CTO of Minesto. Minesto’s Deep Green is the proven marine power plant that can extract […]