This is a key contribution to the commercialisation of our technology and a strong sign of commitment from the Welsh Government.
The innovation that we have filed for patent protection creates significant commercial value to Minesto.
This decision is a strong sign of comfort from the Welsh Government and by such, a significant step towards securing funding for the next phase of deployment in Wales.
We have great confidence in the technology, the company, the performance shown so far and Minesto’s plan for taking the product to the market.
This investment underlines the role of ocean energy by Minesto’s technology in the global transition to a renewable energy system.
We are delighted to have signed this agreement with SEV, an advanced customer with a pioneering energy transition agenda and a world-class tidal energy resource.
Tidal energy at the right cost level can be one important piece of the puzzle, and we are looking forward to exploring that opportunity further together with Minesto.
We are proud of what we have achieved in Wales this year, the team has reached all its testing milestones in a safe and professional manner.
We are entering a new era of renewable energy generation and Minesto is at the forefront.
We’re very happy with the dialogue we’ve had and the relationships we’ve built with different stakeholders this week in Taipei.
It is very good to see the progress of this unique project in Anglesey.
The demonstration of our unique technology in the Holyhead Deep is a first-of-its-kind project that represents a substantial milestone for Minesto and the marine energy industry in Wales.
This is a world’s-first achievement that confirms the functionality of our patented concept at utility scale.
This is a very significant step towards our ultimate goal of proving the complete DG500 system.
The activities in Holyhead are progressing well and we are pleased to have moved on to the commissioning phase of the DG500 project.
This shows that the European Commission acknowledges and supports our market entry approach.
The offshore operations team in Holyhead, with support from colleagues in Sweden and Northern Ireland, has made great efforts in executing the installation activities undertaken so far in a safe and resourceful way.
This is milestone in the DG500 project.
The Swedish Energy Agency's latest investment in marine energy is fully in line with our unique Deep Green technology and we are looking forward to forthcoming announcements within the program.
by licensing O&M concepts, we enable continuous revenue streams from sold and installed Deep Green systems.
The Minesto technology’s capabilities to go for low-flow streams is a key advantage compared to other technologies.
With the delivery of the gravity base structure, we are making significant progress towards the first installation in Holyhead Deep.
Marine energy has the potential to meet a substantial share of the need for reliable and clean electricity supply in this part of the world.
A natural next step is to install our devices in the Kuroshio current, which could see the world's first electricity generated from ocean currents.
These new results convince me that our technology is transforming ocean energy into one of the most cost-effective energy resources.
Minesto’s diligence when using the most accurate data available, and creating a model based on standard practice, has led to the creation of an extremely thorough Cost of Energy forecast model which probably doesn’t have an equal in the industry.
This is fantastic news for Morlais and very encouraging for the development of tidal energy in Wales. Collaborating initiatives between the Holyhead Deep site and the Morlais Demonstration Zone could significantly reduce costs and minimise the combined environmental footprint of the two projects.
With these changes to the management team, we strengthen our commercial position and put a sharper focus on customer-driven product development in Minesto. The added experiences and skills will boost the management team in the work to take our unique product to the market.
There are only a handful of people in the world with experience in commercial deployment of tidal turbines, and David is one of them. His industrial know-how, offshore experience and leadership skills will be of the outmost value to us in commercialising the Deep Green technology.
We are well positioned to meet time frames and deliverables towards our public funding partners, to demonstrate the unique advantages of the Deep Green technology and develop this required source of renewable energy.
It’s a great achievement by everyone involved in the application process, and yet another deliverable met as we move towards commercialisation of our Deep Green power plant.
This provides Minesto with significant funding, which we will mainly use to the further development of our unique tidal energy technology Deep Green.
We are very pleased to have finalised this agreement with Stena Line. With its direct quay access for offshore transports to and from site we have secured a unique location that suits us perfect.
This investment creates value for Stena Line in several ways and demonstrates opportunities in port operations linked to ocean renewables.
This expansion enables economies of scale without us having to conduct parallel and costly site development.
I am delighted by Minesto’s progress and their commitment to make Anglesey their main technology deployment and trading hub.
This commitment reaffirms the main owners' belief in the unique Deep Green technology.
We have all prerequisites to play a major role in the transition to renewable energy in both Chile and Argentina.
It is the international industry community that recognises the viability and potential of our unique technology.
It is very pleasing and an acknowledgment of all the hard work done and on how far we have come.
To expand into the low-velocity ocean current resource with a power plant in commercial scale will make an outstanding demonstration of the uniqueness and potential of the Deep Green technology
This collaboration has a tremendous opportunity to, in the long-term, be a significant part in a sustainable transition of the energy system in Taiwan.
This means that our quarter-scale tests indicate adequate power generation performance for the corresponding design of the power plant at full scale. It reduces technical risks in our full-scale project and further strengthens our belief in the commercial viability of the Deep Green technology.
As a technology driven company it is of the outmost importance to continuously develop our IP strategy and the protection of our most valuable asset – our core technology. In that sense, this European patent is a milestone for Minesto.
Minesto’s firm commitment to a smart IP strategy will give them a real competitive edge on the markets.
This is a great opportunity to present Minesto and to build and enhance business and public stakeholder relations in Taiwan.