Project Update Vestmanna: Commercial Scale Powerplant: Dragon 12 grid connected, producing electricity
GOTHENBURG, Sweden, May 20, 2025 /PRNewswire/ -- Minesto, leading ocean energy developer, continues operation and testing activities in Vestmanna, Faroe Islands. The Dragon 12-megawatt tidal kite 'Luna' is in electricity production, following an...
Minesto joins World Expo 2025 in Osaka, Japan as part of the Swedish official delegation
GOTHENBURG, Sweden, May 14, 2025 /PRNewswire/ -- Minesto, leading technology developer in ocean energy, joins the World Expo 2025 in Osaka, Japan, as part of the Swedish official delegation and partner to the Nordic Pavilion. Today 14 May, Sweden...
Minesto features in internationally broadcast documentary, 'Engineering Tomorrow'
GOTHENBURG, Sweden, April 30, 2025 /PRNewswire/ -- Leading ocean energy developer, Minesto, features in a new internationally broadcast documentary series `Engineering Tomorrow'. Minesto's pioneering underwater kite technology is showcased in...
Invitation to Minesto's Webinar: Interim Management Statement Q1 2025
GOTHENBURG, Sweden, April 28, 2025 /PRNewswire/ -- On April 30, Minesto, leading ocean energy developer, will publish their Interim Management Statement 1 January - 31 March 2025. Dr Martin Edlund, CEO, and Gustav Kvibling, CFO, will present details...
Minesto's unique ocean energy technology at the centre of global branding campaign together with SKF
GOTHENBURG, Sweden, March 27, 2025 /PRNewswire/ -- Minesto, leading developer of ocean energy is selected by renowned bearing manufacturer SKF to be part of a large-scale international marketing brand campaign. The campaign "The Faroe Islands Space...
A space program that never leaves Earth
GOTHENBURG, Sweden, March 27, 2025 /PRNewswire/ -- While others race to the moon and back, the Faroe Islands space program takes a bold new step in space exploration-without ever leaving Earth. One of the largest bearing manufacturers SKF, and ocean...
Minesto selected to participate in GIA (Global Innovation Accelerator) programme by Swedish Energy Agency
GOTHENBURG, Sweden, March 7, 2025 /PRNewswire/ -- Minesto, leading ocean energy developer, has been selected to participate in GIA (Global Innovation Accelerator). The Global Innovations Accelerator Programme is initiated and funded by the Swedish...
Minesto publishes Year-End Report 2024
GOTHENBURG, Sweden, Feb. 27, 2025 /PRNewswire/ -- CEO Dr. Martin Edlund: "Minesto has now demonstrated competitive renewable energy production from an untapped natural resource based on a truly novel and proprietary innovation." Significant events...
Independent review of Minesto's technology successfully completed strengthening the buildout investment case
GOTHENBURG, Sweden, Feb. 11, 2025 /PRNewswire/ -- An independent technical review of Minesto's Dragon-class technology initiated in autumn 2024 has now been completed by DNV - a world leader in technology assessments and certifications in the energy...
Strong stakeholder engagement towards Minesto's first tidal energy Dragon farm in Hestfjord, Faroe Islands
GOTHENBURG, Sweden, Feb. 6, 2025 /PRNewswire/ -- On Monday 3rd February, ocean energy developer Minesto welcomed Faroese stakeholders, authorities as well as the public to a seminar at the Nordic House in Torshavn. Martin Edlund, CEO of Minesto,...