DG500 – The Launch of a World's First Subsea Kite

In 2018, Minesto scaled up its patented concept for generating green electricity from low-flow tidal streams and ocean currents. Off the coast of Holyhead, North Wales Minesto installed, commissioned and verified its Deep Green technology for the first time with a commercial-scale unit. This film showcases not only the great job performed by the Minesto team over the course of the year, but also how it all started and why Minesto's technology is a needed complement to other renewable energy in the global transition to a sustainable future energy system. The DG500 project is supported by EU funds through the Welsh European Funding Office.

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About Us

Minesto is a leading 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 efficiently in areas with low-flow tidal streams and ocean currents. With more than €40 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union’s largest investment in marine energy to date. Minesto was founded in 2007 and has operations in Sweden, the Faroe Islands, Wales, Northern Ireland and Taiwan. The major shareholders in Minesto are BGA Invest and Corespring New Technology. The Minesto share (MINEST) is traded on the Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission, email: ca@gwkapital.se, telephone: +46 8 503 000 50.