Minesto News Update 4 May 2018

  • DG500 bottom joint system installed
  • Minesto recruits to the UK organisation
  • Minesto’s COO David Collier walks through the DG500 installation and commissioning plan
  • New report shows tidal stream can pass UK Government’s ‘triple test’ for emerging technology support
  • Minesto and Anglesey promoted in UK Parliament
  • IRENA: Six-fold increase in renewable energy adoption required to reach Paris Climate Agreement

DG500 bottom joint system installed

The bottom joint system that will be used to moor Minesto's DG500 device to the seabed in Holyhead Deep, Wales has been installed onto the gravity-based foundation. The bottom joint functions as a locking mechanism between the power plant's tether and the seabed foundation.

Read more and see video from the installation here.

Minesto recruits to the UK organisation

Minesto is looking to strengthen its UK operations with an Office Administrator wanted to the office in Holyhead, Wales and an Analyst/Oceanographer to the team in Portaferry, Northern Ireland.

Read more about the vacancies here.

Minesto’s COO David Collier walks through the DG500 installation and commissioning plan

With installation activities underway in Holyhead, Wales, Minesto is closing in on demonstration of the unique Deep Green technology in Utility Scale for the first time. Minesto has published an interview with the company’s Chief Operating Officer David Collier, where he explains the scope and process of this world’s-first low-flow tidal stream installation.

Watch the interview here.

New report shows tidal stream can pass UK Government’s ‘triple test’ for emerging technology support

The Offshore Renewable Energy (ORE) Catapult has published a new evidence-based assessment that shows the UK’s marine energy industries can meet the requirements of the UK Government’s ‘Triple Test’ for financial support: achieving maximum carbon reduction, showing a clear cost reduction pathway, and demonstrating that the UK can be a world-leader in a global market.

Read the full press release here.

Minesto and Anglesey promoted in UK Parliament

A couple of weeks ago, Anglesey Day was arranged in the House of Commons. The day, hosted by Ynys Môn MP Albert Owen, aims to promote the Isle of Anglesey by offering local organisations the chance to engage with MP’s and other Parliament representatives.

Over the course of the day, Minesto had the opportunity to engage with several key stakeholders to promote the company and the operations in Wales, not least with Secretary of State for Business, Energy and Industrial Strategy Greg Clark.

Read more here.

IRENA: Six-fold increase in renewable energy adoption required to reach Paris Climate Agreement

Increasing the speed of global renewable energy adoption by at least a factor of six – critical to meeting energy-related emission reduction needs of the Paris Climate Agreement – can limit global temperature rise to two degrees, according to the latest edition of the International Renewable Energy Agency’s (IRENA) long-term renewable energy outlook. To meet the climate goals, energy investments need to rise 30% by 2050, including $22.3 trillion direct investments in renewable energy, IRENA says.

Read more and download the report 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

Media

Media

Documents & Links