Minesto News Update 3 November 2017

  • Holyhead Deep gravity base structure is 50 per cent complete
  • Marine operations services framework awarded
  • Minesto and InnoEnergy in Swedish business media Dagens Industri
  • IEA: Renewables will give more people access to electricity than coal
  • Marine Energy Wales welcomes Minesto’s cost reduction study

Holyhead Deep gravity base structure is 50 per cent complete

The gravity base structure foundation for Minesto’s first commercial-scale tidal energy converter, due for installation in Holyhead Deep off the coast of North West Wales next year, is now 50 per cent complete.   

The concrete base is being constructed by Ruthin-based Jones Bros Civil Engineering UK, with more than 60 years of experience in engineering solutions.  Jones Bros project manager Eryl Evans said: “This is a complex structure that is progressing well and on schedule. We’re excited to be a part of what will be a significant maritime renewable energy project in North Wales.”

Read the full press release by Jones Bros here .

Marine operations services framework awarded

Minesto has awarded a framework agreement to Holyhead Towing Co. Ltd and Leask Marine Ltd for general support services for a variety of marine operational needs. Read more here .

InnoEnergy and Minesto in Swedish business media Dagens Industri

Last week, Minesto’s funding partner InnoEnergy featured in Scandinavia’s largest business media Dagens Industri, telling the story on how they create opportunities for new, renewable energy businesses.

Read the full story in Swedish here (in the print/PDF version, Minesto is highlighted in fact box as one of InnoEnergy’s innovative energy sector investments) .

IEA: Renewables will give more people access to electricity than coal

An International Energy Agency (IEA) special report on energy access says that while coal has supplied nearly half of the progress from 2000 to date, its role is set to decline “dramatically”. This is because renewables are becoming cheaper and because the hardest-to-reach people are in remote, rural areas where off-grid solutions offer the lowest cost.

Read the full story by Eco-Business here .

Marine Energy Wales welcomes Minesto’s cost reduction study

Following Minesto’s announcement regarding substantial improvements of the projected Levelized Cost of Energy of the Minesto ocean energy technology, industry body Marine Energy Wales welcomed welcomed this as a positive step forward for the industry.

David Jones, Project Director of Marine Energy Wales commented: “Reducing the cost of energy is an important step forward for our sector. There is no doubt that marine will be able to follow the model that offshore wind and in fact all other renewable technologies have achieved, deployment at scale will drive down costs.”

Read the full press release from Marine Energy Wales 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 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.

Subscribe

Documents & Links