Minesto News Update 18 May 2018

  • MGS buoy on the move
  • Minesto pitches at reputable EU event  
  • Meet Minesto at Swedish shareholder event next week


MGS buoy on the move

Minesto has completed preparations for installation of the micro grid system (MGS) buoy that will be used with the first Deep Green device in Holyhead Deep, Wales. The buoy was lifted from the King George V dock to the River Clyde in Glasgow and will now be towed to Holyhead for upcoming installation at Minesto’s site off the North West Welsh’ coast.

Read more here.

Minesto pitch at reputable EU event

Yesterday, Minesto attended the Blue Invest matchmaking event in Brussels organised by the European Commission. Minesto was one of 20 companies from four different blue economy sectors, selected from a list of 120 applicants, that got the opportunity to pitch their investment case in front of a jury of professional investors. In addition, Minesto’s CEO Martin Edlund was given the chance to meet and network with other potential business partner and high-level stakeholders.

The event was attended by influential stakeholders such as Karmenu Vella, EU Commissioner for Environment, Maritime Affairs and Fisheries and European Investment Bank Vice President Jonathan Taylor.

In his opening speech, Commissioner Vella said: “Our experience shows that investors trust big brands and tried-and-tested technologies. Meanwhile, start-ups and scale-ups, especially in emerging areas like ocean energy or blue biotech, are struggling to raise much smaller sums. It’s an issue of visibility. And it’s an issue of credibility as well. And in both cases the European Commission is ready to help.”

Read more at MarineEnergy.biz.

Meet Minesto at Swedish shareholder event next week

On Tuesday 22nd of May, Minesto will participate at Swedish shareholder event Aktiedagen Malmö, organised by Aktiespararna and held at Kockum Fritid. CEO Martin Edlund will present Minesto at 13:20 and we will also be in the company lounge before and after the presentation. For those who are unable to be there in person, the day is broadcasted live via this link.

For more information and registration, see this link.


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Contact us

Magnus Matsson
Communications Manager, Minesto

+46-70 570 75 08
press@minesto.com

www.minesto.com

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About Us

Minesto is a marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling commercial power production from the ocean. Minesto’s award winning and patented product, Deep Green, is the only verified marine power plant that operates cost-effectively in areas with low-flow tidal streams and ocean currents. In May 2015, Minesto secured a €13m investment from the European Regional Development Fund through the Welsh European Funding Office, for the commercial rollout of Deep Green. Minesto was founded in 2007 and has operations in Sweden, Wales, Northern Ireland and Taiwan. The major shareholders in Minesto are BGA Invest and Midroc New Technology. The Minesto share (MINEST) is traded on the Nasdaq First North Stockholm stock exchange, with G&W Fondkommission as Certified Adviser.

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