Company description
Minesto is a marine energy technology developer, founded in 2007 as a spin-off from Swedish aerospace manufacturer Saab. Since then, Minesto has successfully developed its unique Deep Green technology. The company has operations in Sweden, Wales, Northern Ireland and Taiwan, with headquarters in Gothenburg, Sweden. Main owners are BGA Invest and Midroc New Technology. The Minesto share is listed on the Nasdaq First North Growth Market in Stockholm.
Other companies in Sweden
Company details
Participation in projects
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Company updates
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February 21, 2024
Operation started at 1.2 GWÂ tidal powerplant in Denmark
Minesto, a leading ocean energy developer announced that it has successfully commissioned its 1.2 MW utility-scale tidal powerplant Dragon 12 located in the Faroe Islands, Den...
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August 23, 2023
Minesto completes testing on sea-bed connection system for 1.2 MW tidal power project in the Faroe Islands
Minesto has completed the testing of its sea-bed connection system, which will allow for the generation of renewable energy using tidal streams and ocean currents. The company is developing the 1.2 MW...
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July 12, 2022
Minesto commissions 100 kW Dragon 4 tidal kite in Faroe Islands
Minesto AB has announced that its first Dragon 4 tidal power unit has been successfully operational in Vestmannasund, Faroe Islands. The facility achieved satisfactory electricity production and veri...
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December 09, 2019
Minesto closes sale of 23% stake to BGA Invest AB
BGA Invest has subscribed for units for approximately SEK20 million (US$2.3 million) in Minesto's ongoing rights issue, corresponding to just over 23% of the issue's total volume. BGA Invest's subscr...
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February 12, 2019
Marine energy developer Minesto raises US$5 million from warrants program
Marine energy developer Minesto has concluded its warrants program of series TO 2. In total, 98% of outstanding warrants were exercised, which means that Minesto will add approximately SEK44.4 million...
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