Minesto orders bottom joint system for Deep Green

Minesto has entered into a supplier agreement with Subsea Riser Products (SRP), within which Minesto has ordered a modified version of SRP’s product Rocksteady for Minesto’s tidal energy power plant Deep Green. Delivery is scheduled for the first quarter of 2017.

SRP is an established player in the offshore industry with long experience of producing high-strength products for use in harsh environments. Minesto has now entered into a supplier agreement with SRP. Within the agreement Minesto has ordered a version of SRPs product Rocksteady, a bottom joint system dimensioned for Minesto’s needs. Delivery is scheduled for the first quarter of 2017.

The bottom joint functions as a locking mechanism between Deep Green’s tether and the seabed foundation. Rocksteady has two features that makes it well suited as a bottom joint for Deep Green. First, it is relatively easily to connect and disconnect Rocksteady under water. The device is in two parts, where one part is integrated in the seabed foundation and the other to the tether. The two parts are joined together with an automatic locking device. This integration solution reduces the cost of installation, service and maintenance compared to other available solutions.

The ordered device will also contain an important subsea bearing which Deep Green requires. The bearing has full mobility while it will also cope with the high loads that occur when the subsea tidal kite moves in its eight-shaped track.

“With Rocksteady, we get a product that is fully offshore certified, built for a service life of at least 25 years, while the design of the system allows for cost-effective operation and maintenance. An important argument for why we chose Rocksteady is quality assurance. It has a proven performance and is verified in actual use”, said Dr Martin Edlund, CEO of Minesto and continued:

“We have recently recruited expertise from the offshore sector that gives us valuable knowledge and experience in the further development of Deep Green. With our new supplier agreement with SRP, we have access to the same kind of skills also in the supply chain, which of course is positive.”

For additional information please contact:

Dr Martin Edlund
CEO, Minesto AB
+46 31 763 20 70
martin.edlund@minesto.com

About Minesto

Minesto is a marine energy technology company whose mission is to minimize the global footprint of the energy industry by enabling commercial power production from low velocity tidal and ocean currents.

Minesto’s award winning and patented product, Deep Green, is the only proven marine power plant that operates cost efficiently in areas with low velocity 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. Read more about Minesto at www.minesto.com

Images of Minesto’s management team and Deep Green are available to download from Minesto’s website.
Follow Minesto on Twitter: @MinestoAB.

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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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