Minesto contracts Leask for a seabed anchor for the Dragon 12 - in readiness for array buildout
Minesto, leading ocean energy developer, has contracted Leask Marine for the installation of a drilled foundation anchor for the first Dragon 12 kite system in Vestmanna, Faroe Islands. This marks a shift from historically using gravity-based foundations to a drilled anchor solution. The shift brings substantially lowered carbon footprint and reduced installation costs, making Minesto well positioned for array buildouts.
Minesto have contracted the detailed design, supply and installation of a drilled and grouted tubular foundation anchor for the first Dragon 12, to be installed in Vestmannasund, Faroe Islands to Leask Marine Ltd.
The selection of the Leask drilled and grouted anchor solution brings increased customer value in terms of lowered installation costs, and design flexibility compared to traditional foundation anchoring solutions.
“This is a significant step in scale-up of our tidal energy power plants. We now have a solution suitable for array buildout,” says Dr Martin Edlund, CEO of Minesto.
A tubular foundation anchor utilises considerably less material than a gravity-based structure, so the solution significantly reduces the carbon footprint (total CO2 life-cycle emissions). With a small physical footprint and rapid, low-noise installation, the tubular anchor system’s environmental impact is low.
“Taking the step to an anchored solution, away from gravity-based foundations, is a key development for array build outs. This will result in significant cost reductions in logistics, materials, installation and decommissioning, “ says David Collier, COO at Minesto.
Minesto has a long history of successful collaboration with Leask Marine in a range of foundation and installation projects. Leask’s anchor technology is well-proven and is now applied in tidal energy, as Minesto’s kite systems are to be anchored with the innovative solution.
For additional information, please contact
Cecilia Sernhage, Communications Manager
+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, email: ca@gwkapital.se, telephone: +46 8 503 000 50.
Read more about Minesto at www.minesto.com
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