Minesto awarded funding by Swedish Energy Agency to facilitate commercial scale-up
The Swedish Energy Agency has awarded Minesto a SEK 5.8 million grant to the ongoing commercialisation of Minesto’s ground-breaking Deep Green technology. The grant co-funds a project through which Minesto will develop and verify a next generation tether system to facilitate the commercial scale-up of the company’s marine energy technology.“We are very pleased that the Swedish Energy Agency continues and expands its support for Minesto. This investment contributes to strengthening the competitiveness of our product”, said Dr Martin Edlund, CEO of Minesto.
The tether system connects