Minesto completes build and functional testing of sea-bed connection system for the 1.2-Megawatt powerplant Dragon 12
Minesto, leading ocean energy developer, has completed build and functional testing of sea-bed connection system for the 1.2-Megawatt power plant Dragon 12. The unique connection system, enabling one of the fastest launch and recovery operation in marine energy by “one-stab” operation, is now ready for installation.
The Dragon 12 connection system is a scale-up and further enhancement of Minesto’s unique and verified LARS (Launch & Recovery System) technology, a principle applied and proven by Minesto since 2020.
The system is remotely operated and controlled from the surface vessel by lowering the LARS frame attached to the male connector into the female connector in the foundation. In the bottom joint, the power, data and strength connections are all combined. The process is cost-effective and safe: solely monitored by cameras on the frame, no diver, or Remotely Operated Vehicle (ROV) support is required.
The Dragon 12 kite installation will utilise the system to enable a fast launch by towing with a small work boat and “one-stab” connection.
-Our unique connection system shows the core of our innovative technology – fast, efficient, and easy to handle, says Dr Martin Edlund, CEO of Minesto.
VIDEO: Minesto today releases a video where Engineer James Jones showcases the operation of the system in Minesto’s Assembly Hall in Holyhead, Wales.
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, Northern Ireland 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.