Minesto News Update 30 May 2018

  • Minesto hosts Ministerial visit
  • Second installation phase at Holyhead Deep completed
  • Technical analysis of the Minesto share
  • Company presentation at Aktiedagen Malmö
  • Q1 Interim Management Statement published

Minesto hosts Ministerial visit

On Thursday, Minesto had the honour of being visited by Ken Skates AM, Cabinet Secretary for Economy and Transport in Wales, at the company’s UK head offices in Holyhead. The Cabinet Secretary was given an update of Minesto’s operations in Wales as well as a tour to see Minesto’s DG500 marine energy converter among other things.

“We had a very inspiring discussion with the Cabinet Secretary regarding the role and potential of marine energy in Wales. He was really interested in getting to know more about our unique technology and our activities in Anglesey”, said Minesto’s CEO Dr Martin Edlund.

Read more here.

Second installation phase at Holyhead Deep completed

Minesto has completed the second offshore installation phase of its DG500 project in Wales. Having installed the tether, micro grid system buoy and umbilical, all supporting components and systems needed to deliver the power produced by Minesto’s first system of the unique Deep Green technology in Utility Scale are now in place.

Read more here.

Technical analysis of the Minesto share

In the Friday edition of Swedish finance web TV show Trading Direkt, a technical analysis of the Minesto share was presented. See the analysis (in Swedish) here.

Company presentation at Aktiedagen Malmö

Minesto participated at Swedish share investor event Aktiedagen Malmö on the 22nd of May. CEO Dr Martin Edlund’s presentation (in Swedish) is available to watch online via this link.

Q1 Interim Management Statement published

Minesto AB's Interim Management Statement for the first quarter 2018 has been published. The statement is available, in Swedish only, under the Investor Relations section of Minesto’s web site.

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Contact us

Magnus Matsson
Communications Manager, Minesto

+46-70 570 75 08



About Us

Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling 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 the Nasdaq First North Stockholm stock exchange. Certified Adviser is G&W Fondkommission, email: ca@gwkapital.se, telephone: +46 8 503 000 50.


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