Latest news with #Minesto
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a day ago
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Invitation to Minesto's Webinar: Half-Year Report 2025
GOTHENBURG, Sweden, Aug. 11, 2025 /PRNewswire/ -- On Thursday August 14, Minesto, leading ocean energy developer, will publish their Half-Year Report 1 January - 30 June 2025. Dr Martin Edlund, CEO, will present and share key updates from Minesto, followed by a Q&A session. The webinar will take place online at 10am (CEST) on Thursday 14 August 2025. The presentation will be held in English. The webinar will be broadcast through Finwire TV. Following the session, a recording will be available online. Welcome! Please register your attendance here: Minesto - Half-Year report 2025 - Finwire The Half-Year Report is scheduled for publication at 08.30 (CEST) on Thursday 14 August, it will be distributed through press release and available at For additional information, please contactCecilia Sernhage, Chief Communications Officer+46 735 23 71 58ir@ This information was brought to you by Cision Invitation to Minesto's Webinar: Half-Year Report 2025 On Thursday August 14, Minesto, leading ocean energy developer, will publish their Half-Year Report News Powered by Cision View original content: SOURCE Minesto AB Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-06-2025
- Business
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Minesto raises SEK 22 million loan financing - securing continued flexibility in dynamic business context
GOTHENBURG, Sweden, June 18, 2025 /PRNewswire/ -- Minesto AB (publ) ("Minesto" or "the Company") has raised a loan financing of SEK 22 million, from Fenja Capital, intended to be used as working capital in the Company's ongoing operations and business development to clarify immediate market opportunities. The loan is considered to be raised on market terms and has a set-up fee of four (4) per cent of the total loan amount as well as a monthly interest rate of one (1) per cent. The loan shall be repaid in full at the latest on 30 December 2025. At present, Minesto is approaching a range of business development milestones that upon accomplishment will influence capital needs to varying degrees. The rationale behind the loan is to reach more clarity on the type and scope of capital needs for the next phase of scale-up. "We are in an incredibly interesting phase and continue to move towards key milestones in several of our ongoing business development activities including new partnerships, site development service offers, soft funding and advancements of first phase of the Hestfjord-project. This loan will enable us to push forward adding both value and clarity to funding needs for the next phase," says Martin Edlund, CEO of Minesto. For additional information please contact Cecilia Sernhage, Chief Communications Officer+46 (0)735 23 71 58ir@ The information in this press release is such that Minesto AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST on 18 June 2025 This information was brought to you by Cision The following files are available for download: Press Release View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
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Minesto's tidal power plant Dragon 12 in operation reaching key production performance milestone
GOTHENBURG, Sweden, June 12, 2025 /PRNewswire/ -- Minesto, leading ocean energy developer, today announces that its Dragon 12 tidal energy system (Luna), installed in Vestmannasund, Faroe Islands, has met a major production performance milestone: the longer tether enables a 25% increase of power performance. This strengthens the company's path toward commercial-scale deployment of its unique tidal kite technology. Following the recent upgrade and installation of the Dragon 12 (Luna) mid-May, Minesto concludes that the system has met performance expectations as simulations predict. Most significantly, based on a 10 meter longer tether, the power performance increase is around 25% relative earlier testing. This is expected from computer simulation predictions. These results further validate production volumes used in Minesto's business cases for commercial buildout in the Faroe Islands. "We are really pleased to have Dragon 12 in operation with increased performance in solid alignment with computer simulated predictions. This underscores the electricity production volumes used in our Dragon farm business cases and thereby reduce investor risks," said Dr Martin Edlund, CEO of Minesto. In addition to Dragon 12 showcasing technical performance, the production site in Vestmanna continues to serve as a live demonstration platform. Recent visits from utility partners, energy ministries, and potential commercial customers have further positioned the site as a central reference case in the global marine energy landscape. "With the generated Dragon 12 production data and solid build-out plans in place, we are eager to engage investors and partners in taking the next step towards the world's first Dragon Farm - an array of Minesto's unique power plants," said Dr Martin Edlund. For additional information please contactCecilia Sernhage, Chief Communications Officer +46 (0)735 23 71 58 ir@ The information in this press release is such that Minesto AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 11:17 CEST on 12 June 2025. This information was brought to you by Cision The following files are available for download: Press Release View original content: SOURCE Minesto AB Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
20-05-2025
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Project Update Vestmanna: Commercial Scale Powerplant: Dragon 12 grid connected, producing electricity
GOTHENBURG, Sweden, May 20, 2025 /PRNewswire/ -- Minesto, leading ocean energy developer, continues operation and testing activities in Vestmanna, Faroe Islands. The Dragon 12-megawatt tidal kite 'Luna' is in electricity production, following an upgrade period most prominently including a longer tether. The Dragon 12 'Luna' is installed in Vestmannasund, Faroe Islands, producing electricity to grid with an extended tether configuration. Electricity production combined with a range of study visits from customers and other stakeholders make Vestmanna to the centre of attention for Minesto. "The initial electricity production with the updated tether looks promising and in line with our expectations. We are excited to continue our testing, and satisfactory to keep pushing forward in production mode," said Dr. Martin Edlund, CEO of Minesto. For additional information, please contactCecilia Sernhage, Chief Communications Officer+46 735 23 71 58ir@ This information was brought to you by Cision The following files are available for download: Minesto Dragon 12 installation in Vestmannasund Faroe Islands View original content: SOURCE Minesto AB Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
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Minesto joins World Expo 2025 in Osaka, Japan as part of the Swedish official delegation
GOTHENBURG, Sweden, May 14, 2025 /PRNewswire/ -- Minesto, leading technology developer in ocean energy, joins the World Expo 2025 in Osaka, Japan, as part of the Swedish official delegation and partner to the Nordic Pavilion. Today 14 May, Sweden celebrated its national day at World Expo, the delegation led by HM King Carl XVI Gustaf. Minesto CEO Dr. Martin Edlund was invited to join the visit and ceremony as part of the Swedish official delegation. The World Expo 2025 takes place in Osaka, Japan and is described as a global stage for co-creating the future - with 160+ countries, 28 million visitors expected, and a spotlight on innovation, collaboration and impact. Sweden is part of the joint Nordic pavilion, The Nordic Circle, where sustainability, innovation, and cooperation take centre stage. Today 14 May, Sweden celebrated its National Day at World Expo. An official delegation led by HM King Carl XVI Gustaf, and a large business delegation headed by Jacob Wallenberg, Chairman of the Confederation of Swedish Enterprise, visited the World Expo and the Nordic pavilion. The day highlighted innovation, business, and culture, showcasing Sweden's expertise in sustainable and future-proof solutions. Minister for Development Cooperation and Foreign Trade, Benjamin Dousa, represented the Swedish Government. The delegations aim to further strengthen ties between Sweden and Japan and promote the business opportunities made possible through collaboration between the two nations. Minesto CEO Dr. Martin Edlund participated in the official delegation, meeting Japanese governmental representatives. Minesto CEO Dr. Martin Edlund participated in the official delegation, meeting representatives from the Japanese government as well as international stakeholders. "Our participation in the World Expo in Osaka offers a great opportunity to create global awareness of the ocean and tidal currents as an untapped energy resource - a new renewable that our technology can unlock in a competitive way. We are honoured to be part of the Nordic pavilion and we are here to build relationships and partnerships with industrial actors in Japan as well as globally," says Dr. Martin Edlund, CEO of Minesto. The National Day Sweden during World Expo is coordinated by Business Sweden: "On 14 May 2025, Sweden will celebrate its National Day at Expo 2025 in Osaka, Japan. Under the theme Join Sweden to Pioneer the Possible, the country extends a hand to Japan - and the world - to collaborate in strategically important areas. The day will highlight Swedish innovation, business, and culture, showcasing Sweden's expertise in sustainable and future-proof solutions. The business delegation includes high-level representatives from Swedish partner companies to Expo 2025 Osaka, such as EQT, Saab, Tetra Pak, Volvo, Ericsson, Investor, FAM, Alfa Laval, Autoliv, Bona, HemoCue, Getinge, among others." Official website World Expo 2025:Expo 2025 Osaka, Kansai, Japan Official Website Official website Nordic Pavilion:Nordic Circle For additional information, please contactCecilia Sernhage, Chief Communications Officer+46 735 23 71 58ir@ This information was brought to you by Cision View original content: SOURCE Minesto AB
