Quotes

This is very encouraging results and significant input to the ongoing work of third-party verification.
Dr Martin Edlund, CEO
Schneider Electric’s global presence, technological edge and expertise in integration of renewable energy production and microgrids will significantly enhance Minesto’s value proposition to customers and renewable energy project investors.
Dr Martin Edlund, CEO of Minesto
For us it has been of significant importance to enter the marine energy sector together with a partner developing a game-changing technology with both a global market and a potential for energy production at competitive cost of energy.
Gary Lawrence, Power and Grid Segment President at Schneider Electric
Users and producers of energy increasingly demand sustainable solutions to reach their carbon reduction objectives while enhancing business resilience. Tidal and ocean current-based renewable energies are expecting to significantly contribute to the achievement, for both energy communities and remote users.
Matthieu Mounier, Head of Microgrid at Schneider Electric
This is a key contribution to the commercialisation of our technology and a strong sign of commitment from the Welsh Government.
Dr Martin Edlund, CEO
The innovation that we have filed for patent protection creates significant commercial value to Minesto.
Dr Martin Edlund, CEO
This decision is a strong sign of comfort from the Welsh Government and by such, a significant step towards securing funding for the next phase of deployment in Wales.
Dr Martin Edlund, CEO Minesto
We have great confidence in the technology, the company, the performance shown so far and Minesto’s plan for taking the product to the market.
Diego Pavia, CEO InnoEnergy
This investment underlines the role of ocean energy by Minesto’s technology in the global transition to a renewable energy system.
Dr Martin Edlund, CEO Minesto
We are delighted to have signed this agreement with SEV, an advanced customer with a pioneering energy transition agenda and a world-class tidal energy resource.
Dr Martin Edlund, CEO of Minesto
Tidal energy at the right cost level can be one important piece of the puzzle, and we are looking forward to exploring that opportunity further together with Minesto.
Hákun Djurhuus, CEO of SEV
We are proud of what we have achieved in Wales this year, the team has reached all its testing milestones in a safe and professional manner.
Dr Martin Edlund, CEO
We are entering a new era of renewable energy generation and Minesto is at the forefront.
Dr Martin Edlund, CEO
We’re very happy with the dialogue we’ve had and the relationships we’ve built with different stakeholders this week in Taipei.
Dr Martin Edlund, CEO
It is very good to see the progress of this unique project in Anglesey.
Cabinet Secretary Mark Drakeford
The demonstration of our unique technology in the Holyhead Deep is a first-of-its-kind project that represents a substantial milestone for Minesto and the marine energy industry in Wales.
Dr Martin Edlund, CEO
This is a world’s-first achievement that confirms the functionality of our patented concept at utility scale.
Dr Martin Edlund, CEO
This is a very significant step towards our ultimate goal of proving the complete DG500 system.
David Collier, COO
The activities in Holyhead are progressing well and we are pleased to have moved on to the commissioning phase of the DG500 project.
David Collier, COO
This shows that the European Commission acknowledges and supports our market entry approach.
Dr Martin Edlund, CEO
The offshore operations team in Holyhead, with support from colleagues in Sweden and Northern Ireland, has made great efforts in executing the installation activities undertaken so far in a safe and resourceful way.
David Collier, COO
This is milestone in the DG500 project.
David Collier, COO
The Swedish Energy Agency's latest investment in marine energy is fully in line with our unique Deep Green technology and we are looking forward to forthcoming announcements within the program.
Dr Martin Edlund, CEO Minesto
by licensing O&M concepts, we enable continuous revenue streams from sold and installed Deep Green systems.
Dr Martin Edund, CEO Minesto
The Minesto technology’s capabilities to go for low-flow streams is a key advantage compared to other technologies.
Javier Sanz, CTO Renewable Energies, InnoEnergy
With the delivery of the gravity base structure, we are making significant progress towards the first installation in Holyhead Deep.
David Collier, COO
Marine energy has the potential to meet a substantial share of the need for reliable and clean electricity supply in this part of the world.
Dr Martin Edlund, CEO of Minesto
A natural next step is to install our devices in the Kuroshio current, which could see the world's first electricity generated from ocean currents.
Dr Martin Edlund, CEO of Minesto
These new results convince me that our technology is transforming ocean energy into one of the most cost-effective energy resources.
Dr Martin Edlund, CEO of Minesto
Minesto’s diligence when using the most accurate data available, and creating a model based on standard practice, has led to the creation of an extremely thorough Cost of Energy forecast model which probably doesn’t have an equal in the industry.
Dr Ned Minns, Offshore Group Manager at ITPEnergised
This is fantastic news for Morlais and very encouraging for the development of tidal energy in Wales. Collaborating initiatives between the Holyhead Deep site and the Morlais Demonstration Zone could significantly reduce costs and minimise the combined environmental footprint of the two projects.
Dr Martin Edlund, CEO Minesto
With these changes to the management team, we strengthen our commercial position and put a sharper focus on customer-driven product development in Minesto. The added experiences and skills will boost the management team in the work to take our unique product to the market.
Bengt Adolfsson, Chairman of Minesto
There are only a handful of people in the world with experience in commercial deployment of tidal turbines, and David is one of them. His industrial know-how, offshore experience and leadership skills will be of the outmost value to us in commercialising the Deep Green technology.
Dr Martin Edlund, CEO of Minesto
We are well positioned to meet time frames and deliverables towards our public funding partners, to demonstrate the unique advantages of the Deep Green technology and develop this required source of renewable energy.
Martin Edlund, CEO
It’s a great achievement by everyone involved in the application process, and yet another deliverable met as we move towards commercialisation of our Deep Green power plant.
Dr Martin Edlund, CEO
This provides Minesto with significant funding, which we will mainly use to the further development of our unique tidal energy technology Deep Green.
Dr Martin Edlund, CEO
We are very pleased to have finalised this agreement with Stena Line. With its direct quay access for offshore transports to and from site we have secured a unique location that suits us perfect.
Dr Martin Edlund, CEO at Minesto
This investment creates value for Stena Line in several ways and demonstrates opportunities in port operations linked to ocean renewables.
Björn Petrusson, Chief Commercial Officer at Stena Line
This expansion enables economies of scale without us having to conduct parallel and costly site development.
Dr Martin Edlund, CEO Minesto
I am delighted by Minesto’s progress and their commitment to make Anglesey their main technology deployment and trading hub.
Ken Skates AM
This commitment reaffirms the main owners' belief in the unique Deep Green technology.
Dr Martin Edlund, CEO
We have all prerequisites to play a major role in the transition to renewable energy in both Chile and Argentina.
Dr Martin Edlund, CEO
It is the international industry community that recognises the viability and potential of our unique technology.
Dr Martin Edlund, CEO
It is very pleasing and an acknowledgment of all the hard work done and on how far we have come.
Dr Martin Edlund, CEO
To expand into the low-velocity ocean current resource with a power plant in commercial scale will make an outstanding demonstration of the uniqueness and potential of the Deep Green technology
Dr Martin Edlund, CEO
This collaboration has a tremendous opportunity to, in the long-term, be a significant part in a sustainable transition of the energy system in Taiwan.
Professor Jiahn-Horng Chen, National Taiwan Ocean University
This means that our quarter-scale tests indicate adequate power generation performance for the corresponding design of the power plant at full scale. It reduces technical risks in our full-scale project and further strengthens our belief in the commercial viability of the Deep Green technology.
Dr Martin Edlund, CEO
As a technology driven company it is of the outmost importance to continuously develop our IP strategy and the protection of our most valuable asset – our core technology. In that sense, this European patent is a milestone for Minesto.
Dr Martin Edlund, CEO Minesto
Minesto’s firm commitment to a smart IP strategy will give them a real competitive edge on the markets.
Bart Lindekens, Director IP of KIC InnoEnergy
This is a great opportunity to present Minesto and to build and enhance business and public stakeholder relations in Taiwan.
Dr Martin Edlund, CEO