Minesto and Schneider Electric promote joint renewable baseload offer at Enlit Europe
Leading marine energy developer Minesto and Schneider Electric, the global leader in the digital transformation of energy management and automation, join forces at Enlit Europe to advance their strategic partnership and promote their joint offer to the energy industry.
Enlite Europe, formerly European Utility Week and POWERGEN Europe, is arranged this week in Milan, Italy. With 10,000 attendees and 500 exhibitors, Enlit Europe brings together key stakeholders from the entire energy value chain as a leading forum on the energy transition.
Throughout the Enlit conference, Minesto and Schneider Electric engage in joint activities as part of their strategic partnership initiated earlier this year. This includes one-on-one meetings with prospective customers and partners to promote a joint and complete customer offer based on Minesto’s proprietary marine energy technology and Schneider’s leading expertise in integration of renewable energy production and microgrids.
Dr Martin Edlund, CEO of Minesto said:
“We are delighted to advance the relationship with Schneider Electric and interact with the energy community to showcase our combined value proposition. Together we can offer turnkey solutions for plannable renewable power generation that minimizes the need for overcapacity build-out and long-term energy storage.”
Gary Lawrence, Power and Grid Segment President at Schneider Electric said:
“Minesto offers a scalable, game-changing technology with both a global market and a potential for energy production at competitive cost of energy. Together, we bring ocean energy into the global renewable energy mix, balancing other renewables with predictable, renewable baseload. This creates significant customer value and opportunities to the efforts of achieving a sustainable transition to net-zero societies.”
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Minesto
Press & Media
press@minesto.com
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
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, 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, Wales, Northern Ireland and Taiwan. The major shareholders in Minesto are BGA Invest and Midroc New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission, email: ca@gwkapital.se, telephone: +46 8 503 000 50.
Read more about Minesto at www.minesto.com
Press images and other media material is available for download via bit.ly/Minesto_media.
Financial information including reports, prospectuses and company descriptions is available in Swedish at www.minesto.com/investor.
