Minesto News Update 20 October 2017

  • Minesto delivers Welsh updates
  • Minesto speakers at Ocean Energy Europe 2017
  • New Cost of Energy analysis reveals substantial improvement
  • UK Government boosts renewables with £557M funding
  • Minesto awards IT and communication system to ITS Technology Group
  • Technical analysis of the Minesto share in Trading Direkt

Minesto delivers Welsh updates

Earlier this week, Minesto’s CEO Dr Martin Edlund had the honour to update members of the National Assembly for Wales. “It is clear that marine energy is a prioritised area of growth for Wales”, said Martin Edlund. Read more here.

Minesto speakers at Ocean Energy Europe 2017

Minesto’s CTO Bernt Erik Westre is invited as speaker at the Ocean Energy Europe 2017 conference taking place in Nantes next week. Minesto will also take part in a Welsh Government Trade Mission travelling to France. Read more here.

New Cost of Energy analysis reveals substantial improvement

An updated Cost of Energy analysis of Minesto’s unique ocean energy technology shows substantial improvements compared to previous estimates. “These new results convince me that our technology is transforming ocean energy into one of the most cost-effective energy resources”, said Dr Martin Edlund, CEO of Minesto. Read more here.

UK Government boosts renewables with £557M funding

Energy Minister Richard Harrington confirmed earlier in October that up to £557 million will be made available for less established renewable electricity projects as part of the UK government’s Clean Growth Strategy, to drive economic growth and clean up the energy system. Read the full story here.

Minesto awards IT and communication system to ITS Technology Group

Minesto has completed the procurement of an Onshore and Offshore Communication system for the company’s DG500 project in Holyhead, Wales. ITS Technology Group with operations in Wales, England and Scotland and extensive experience in network infrastructure, microwave links, connectivity and managed services, has been chosen as supplier. Read more here.

Technical analysis of the Minesto share in Trading Direkt (in Swedish)

See the video here.


You are a member of the Minesto mailing list as you have signed up to receive press releases from us, or you are an industry contact.

Contact us

Magnus Matsson
Communications Manager, Minesto

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

www.minesto.com

Tags:

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.

Subscribe

Documents & Links