Minesto News Update 29 September 2017

  • Minesto speaks at national workshop on funding and project development
  • £4.5m boost to the tidal energy development in Anglesey
  • Anglesey firms awarded onshore engineering services framework
  • Wales sets 70% clean power goal
  • Wales and Canada continue to build marine energy relationship

Minesto speaks at national workshop on funding and project development

Earlier this week, Minesto was invited as speakers at a workshop called 3rd UK National Workshop on Funding and Project Development – Marine Energy: A Driver of the Atlantic Economy.

Osian Roberts, Business Developer at Minesto presented alongside key stakeholders such as Ken Skates, Cabinet Secretary for Economy and Infrastructure and representatives from the European Commission, the UK Government and the industry. Read more here.

£4.5m boost to the tidal energy development in Anglesey

Cabinet Secretary for Economy and Infrastructure Ken Skates has announced £4.5m of EU and Welsh Government funds to help boost the marine and tidal energy sector in North Wales. The funding will support the Morlais Demonstration Zone in Anglesey, which is in close proximity to the area of Minesto’s Holyhead Deep site.

Dr Martin Edlund, CEO of Minesto said: “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.”

Read more here.

Minesto awards Anglesey firms onshore engineering services framework

Minesto has awarded a framework agreement for onshore engineering services to the three Anglesey-based companies Holyhead Marine Services, Mona Lifting and Mon Maintenance.

The scope of the framework agreement covers a variety of onshore operations engineering support such as manufacturing, design, testing, repair and maintenance of mechanical structures, hydraulics, electrical cabling and composite materials. Read more here.

Wales sets 70% clean power goal

Wales has set a target to consume 70% of its electricity from renewable energy by 2030, ReNews reports. Cabinet Secretary for Environment and Rural Affairs Lesley Griffiths announced the goal, which also includes plans for 1GW of renewable energy capacity in Wales to be locally-owned by 2030. Read the full story here.

Wales and Canada continue to build marine energy relationship

Marine Energy Wales will be making a momentous visit across the Atlantic to attend the Marine Renewables Canada 2017 Conference, to share knowledge and experience of their work within the marine energy sector. Read more here.


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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 offices in Gothenburg, Sweden, Holyhead, Wales and Portaferry, Northern Ireland. 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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