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GOTHENBURG, Sweden, Nov. 15, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, welcomes investors, analysts and media to a capital market day on 11 December 2024, 14.00-16.00 at Minesto's premises in Gothenburg, Sweden. Minesto CEO Dr Martin Edlund will present the company's way forward. Minesto AB welcomes investors, analysts and media to a capital market day on.11 December 2024, 14.00-16.00. The capital market day is taking place in the company's workshop, J A Wettergrens gata 14, 421 30 Västra Frölunda. The program includes an introduction of the company and the technology, the way forward, as well as a deep dive into Minesto's work in realising the first tidal energy dragon farm in Hestfjord, Faroe Islands. In addition to the Minesto CEO, major owner Corespring, represented by Minesto board member Göran Linder, will also take part in the event. Furthermore, a technology presentation, possibility to experience power plant components onsite in the Minesto workshop, and meeting people from the Minesto team is also included in the day's program. Presentations will be held in English. The CEO presentation will be recorded and published on Minesto's website after the event. For parking, please use the area parking lot Gruvgatan 6-8. Please note the entrance to Minesto workshop where the capital market day is taking place is at the back of the building ("godsmottagningen"). Doors open at 14.00, and presentation begins at 14.20. Please register prior to the event at below link, by 9 December 2024. Capacity is limited. Anmälan till kapitalmarknadsdag vid Minesto AB Warm welcome For additional information, please contact Cecilia Sernhage, Chief Communications Officer+46 735 23 71 58ir@minesto.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/minesto-ab/r/invitation-to-minesto-capital-market-day,c4067301 The following files are available for download: https://mb.cision.com/Main/14621/4067301/3117463.pdf Press Release - Invitation to Capital Market Day Minesto
GOTHENBURG, Sweden, Nov. 15, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, is part of the official Swedish business delegation to United Nation climate change conference COP29, taking place in Baku, Azerbaijan. On "Energy Day" on 15 November, Minesto will host a session on the role and importance of innovation in tackling climate change. Mr Daniel Westlén, State Secretary to Swedish Minister for Climate and the Environment, will take part in the session. On 15 November, Friday, at 11.00-11.40 UTC+4 (Baku local time) Minesto will host a programme session titled "Towards the era of electricity - do we have enough tools in the toolbox? A discussion on the role and importance of innovation to tackle climate change," in the Swedish pavilion at COP29. Mr. Daniel Westlén, State Secretary to the Swedish Minister for Climate and the Environment Romina Pourmokhtari, will take part in the session. Dr Martin Edlund, CEO of Minesto, and Isabella Gustafsson Ismodes, Research Programme Manager Industry at Swedish Energy Agency, will discuss how Swedish innovations such as the Minesto's tidal Dragons can play an important part in the global energy transition: Towards the era of electricity - do we have enough tools in the toolbox? A discussion on the role and importance of innovation to tackle climate change | Sweden at COP29 The Minesto session will be livestreamed at below link. 15 November, Friday at 11.00-11.40 UTC+4 (Baku local time). Sweden at COP29 CONTACT: For additional information, please contact Cecilia Sernhage, Chief Communications Officer+46 735 23 71 58ir@minesto.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/minesto-ab/r/minesto-presents-at-global-climate-change-meeting-cop29-in-baku--azerbaijan,c4066712
GOTHENBURG, Sweden, Oct. 22, 2024 /PRNewswire/ -- Minesto is participating in one of the biggest international energy conferences, Enlit Europe 2024 taking place in Milan. The exhibition and conference, hosting 700+ international best-in-class technologies supporting energy transition, is held at Fiera Milano di Rho in Milan, Italy this year from 22 - 24 October. The presence of Minesto is strong at Enlit Europe, with CEO Dr Martin Edlund delivering presentations at two sessions on innovation, as well as speaking at the high-level panel session `Next Generation of Renewables' on how Minesto's technology contributes to the global energy transition agenda. There will also be a Minesto booth at the exhibition, including a Dragon Class scale model and information about the unique technology. Minesto's participation at Enlit Milan aims to establish new relationships and strengthen established partnerships with high-level stakeholders in the energy industry. Welcome to meet Minesto onsite in Milano, exhibition stand 7.E58. For program, please see Enlit Europe 22-24 October 2024 - Energy Transition Event For additional information, please contact:Cecilia Sernhage, Chief Communications Officer+46 735 23 71 58ir@minesto.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/minesto-ab/r/minesto-takes-part-in-high-level-energy-transition-conference-and-exhibition--enlit-europe-2024--in-,c4054341
GOTHENBURG, Sweden and VÄSTRA GÖTALAND, Sweden, June 24, 2024 /PRNewswire/ -- Swedish technology developer Minesto continues to attract global recognition for their unique tidal energy kites, generating electricity from tidal streams and ocean currents. The underwater kites and demonstration site in the Faroe Islands were recently featured on BBC News. The BBC news coverage is available at: The underwater 'kites' generating electricity as they move | BBC News (youtube.com) Press contactCecilia Sernhage, Chief Communications Officer+46 735 23 71 58press@minesto.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/minesto-ab/r/minesto-tidal-energy-kites-featured-on-bbc-news,c4005251
GOTHENBURG, Sweden and VÄSTRA GÖTALAND, Sweden, June 10, 2024 /PRNewswire/ -- Leading ocean energy developer Minesto and pioneering Faroese utility company Sev have jointly renewed and updated the power purchase agreement (PPA). The price-level is adjusted to denote the total system value of tidal energy in the future 100% renewable energy mix in the Faroe Islands. Initially signed in 2020, the PPA between Minesto and Sev is now updated and renewed for two more years after approval from the Energy Agency in the Faroe Islands (Orka). The electricity price-level is upgraded to reflect the total system value of tidal energy. The PPA covers the capacity of the three tidal power plants in Vestmanna and is an extension of the first off-taker relationship in the world where energy from Minesto's unique tidal energy dragons is supplied. "The updated PPA is on a price-level that underlines the value of tidal energy in energy mix in the Faroe Islands," said Dr Martin Edlund, CEO of Minesto. "We are pleased to sign a renewed power purchase agreement with Minesto at this point. We are very hopeful that tidal energy will play a vital role in the future energy mix in the Faroe Islands and in our efforts to reach 100% sustainable electricity generation by 2030," said Terji Nielsen, Head of R&D at Sev. For additional information, please contact Cecilia Sernhage, Chief Communications Officer+46 735 23 71 58ir@minesto.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/minesto-ab/r/minesto-and-sev-renew-and-update-power-purchase-agreement---underlining-the-value-of-tidal-energy-in,c3998300 The following files are available for download: https://mb.cision.com/Main/14621/3998300/2855457.pdf Press Release
GÖTEBORG, Sweden, March 19, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, welcomes the newly signed Memorandum of Understanding (MoU) on Enhanced Cooperation between the Government of the Faroe Islands and the European Union. The enhanced cooperation opens for strengthened business and public funding opportunities for Minesto, proposing 200 MW tidal energy buildout to support Faroe Islands in reaching 100% renewables by 2030. The Faroe Islands and national utility company Sev have one of the world's most ambitious energy transition schemes, aiming for 100% renewables to 2030, where tidal energy can play a key role. Partly funded by EU programme Horizon Europe, Swedish tidal energy developer Minesto has grid connected and successfully installed its unique technology in the Faroe Islands. An MoU on enhanced cooperation was mutually signed in Torshavn the 14th of March, by the European Commission President Ursula von der Leyen and Prime Minister of the Faroe Islands Aksel V. Johannesen. Among the key priorities, the EU and the Government of the Faroe Islands intend to work together towards the transition to an energy-efficient and renewable-energy-based system. Hákun Djurhuus, CEO at Sev and Terji Nielsen, Head of R&D at Sev, held a presentation to the European Commission President about Sev's ambitions for renewable energy, including the innovative tidal energy project together with Minesto. In a press statement by President von der Leyen with Prime Minister Johannesen of the Faroe Islands, von der Leyen specifically referred to Sev's and Minesto's tidal energy project: "We are already doing great work together under for example Europe's Horizon programme. We just saw it with renewable energy where Horizon Europe played a role in developing these technologies". "We welcome the enhanced cooperation between the EU and the Faroe Islands, as it means increased business and funding opportunities. Our close collaboration partner Sev is a true pioneer, and it is very positive to see the Faroe Islands acknowledged by the European Commission and the President herself", comments Dr Martin Edlund, CEO of Minesto. CONTACT: For additional information, please contact Cecilia Sernhage, Chief Communications Officer+46 735 23 71 58ir@minesto.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/minesto-ab/r/minesto-welcomes-enhanced-cooperation-between-european-union-and-the-faroe-islands,c3948384 The following files are available for download: https://mb.cision.com/Main/14621/3948384/2679855.pdf Press release
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