Final quayside assembly of tidal energy kite Dragon 12 initiated in Uddevalla, Sweden

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Minesto, leading ocean energy developer, has completed the manufacturing of the Dragon 12 wing and started system integration at quayside in Uddevalla port, Sweden. The quayside completion of the kite enables an efficient shipment directly to Minesto’s tidal energy production site in Vestmannasund, Faroe Islands.

Minesto has now transported the first completed Dragon 12 wing to the port of Uddevalla for integration of subsystems and further transport to the production site in Vestmanna, Faroe Islands. Final system integration at quayside is logistically cost effective and reduce the need for complex and expensive transport of the large wing.

The wing, spanning 12 metres, is a key component in the Dragon 12 system to which all other modules connect. All subsystems, including the 1.2 MW power take off, steering pods, and control system are being prepared for integration.

“The Dragon 12 wing has a very efficient and uncompromised hydrodynamic design. It is practically a scale-up of the Dragon 4 wing, with some adjustments to allow for tighter turns and to cater for the higher forces resulting from a larger system”, says Bernt Erik Westre, CTO of Minesto.

The manufacturer of the wing is Swedish composite specialist Elitkomposit. The cutting-edge supplier of advanced composite components is often contracted by high-tech industries such as the defence and space industry. Elitkomposit has previously delivered the wings for DG100, Dragon 2 and Dragon 4 along with other composite assemblies - thus been able to integrate previous experience into the utility scale Dragon 12 wing as well as the completion of the D12 rudders and elevators.

“The organic shape and the high loads involved makes this wing one of the most advanced yet robust components we ever delivered. We are excited to contribute to new technologies in the renewable energy sector”, says Andreas Simonsson, Senior Design Engineer at Elitkomposit.

Film of the wing transport and interview with Bernt Erik Westre, CTO of Minesto:

https://youtu.be/ew_pCqwfHIw

For additional information, please contact

Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com

About Minesto

Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling plannable commercial power production from the ocean.

Minesto’s award winning and patented product 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 and Taiwan. The major shareholders in Minesto are BGA Invest and Corespring New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission.

Read more about Minesto at www.minesto.com

Press images and other media material is available for download via minesto.com/media

Financial information including reports, prospectuses and company descriptions is available in Swedish at www.minesto.com/investor.

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