Latest news with #oceanenergy
Yahoo
3 days ago
- Business
- Yahoo
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
- Business
- Yahoo
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
- Business
- Yahoo
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
Associated Press
12-05-2025
- Business
- Associated Press
Eco Wave Power to Participate in Ladenburg Thalmann Innovation EXPO25 on May 21, 2025
Eco Wave Power to Spotlight U.S. Market Momentum and Investment Opportunities in Renewable Ocean Energy STOCKHOLM, SWEDEN - May 12, 2025 ( NEWMEDIAWIRE ) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE) ('Eco Wave Power' or the 'Company'), a leader in onshore wave energy technology, is pleased to announce participation in the Ladenburg Thalmann Innovation EXPO25, to be held on May 21, 2025, at Convene, 101 Park Avenue, New York, NY. Inna Braverman, Founder and CEO of Eco Wave Power, is scheduled to present key updates on the Company's existing and upcoming projects, including: Inna Braverman's presentation will take place on Wednesday, May 21st, 2025, at 3:30 PM EST. Throughout the conference, Inna Braverman will also be available for investor meetings to discuss Eco Wave Power's growth strategy and technological advancements in the wave energy sector. The Ladenburg Thalmann Innovation EXPO25 is a premier event bringing together a diverse group of innovative companies and institutional investors for a full day of presentations, one-on-one meetings, and networking opportunities. The conference will feature approximately 50 technology companies that leverage AI in innovative and breakthrough ways. Participating companies will present their business strategies and innovations through three dedicated presentation tracks and demonstrate their products live in the 'Ladenburg Expo format.' Organized by Ladenburg Thalmann with marketing support from B2i Digital, Inc., the EXPO25 provides a unique platform for companies to engage directly with institutional and high-net-worth investors, public company executives, and industry professionals. 'Eco Wave Power is uniquely positioned at the intersection of innovation and implementation. With projects underway in the U.S., Europe and Asia, we are actively expanding our footprint to new high-potential markets. The Ladenburg Innovation EXPO25 gives us a prime opportunity to engage with investors, who are looking for the next breakthrough in cleantech,' said Inna Braverman, Founder and CEO of Eco Wave Power. 'Ladenburg Thalmann is committed to building valuable connections between innovative companies and discerning investors,' said Mark Green, Managing Director, Investment Banking at Ladenburg Thalmann. 'As the Marketing Partner, B2i Digital is focused on helping companies participating in the Ladenburg EXPO25 maximize their exposure to the investment community before, during and after the event,' said David Shapiro, CEO of B2i Digital, Inc. 'Ladenburg Thalmann has carefully curated the presenting companies to include only the highest caliber disruptors in the technology and AI space. Our investors will value the insights they share.' The Ladenburg Innovation EXPO25 will include presentations, product demonstrations, and one-on-one meetings. Attendees will have multiple opportunities to connect throughout the day, with breakfast, a buffet lunch, and all-day refreshments provided. For more information about the Ladenburg Thalmann Innovation EXPO25, visit: About Eco Wave Power Global AB (publ) Eco Wave Power is a leading onshore wave energy company revolutionizing clean energy with its patented, smart, and cost-efficient technology that converts ocean and sea waves into sustainable electricity. Dedicated to combating climate change, Eco Wave Power operates the first grid-connected wave energy system in Israel, co-funded by EDF Renewables IL and the Israeli Energy Ministry, which recognized the technology as a 'Pioneering Technology.' Expanding globally, Eco Wave Power is preparing to install projects at the Port of Los Angeles, Taiwan, and Portugal, adding to its impressive project pipeline totaling 404.7 MW. The company has received support from prestigious institutions such as the European Union Regional Development Fund, Innovate UK, and the Horizon 2020 program, and was honored with the United Nations' Global Climate Action Award. Eco Wave Power's American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market. Learn more at Information on, or accessible through, the websites mentioned above does not form part of this press release. For more information, please contact the company at: [email protected] Forward Looking Statements Certain matters discussed in this press release constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, and other U.S. federal securities laws. Words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates' and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is making forward-looking statements when it discusses being at the intersection of innovation and implementation, the Company actively expanding its footprint to new high-potential markets, and the possibility of a breakthrough in cleantech These forward-looking statements generally relate to the company's plans, objectives, and expectations for future operations and are based on management's current estimates and projections, future results, or trends. Actual results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, please see Risk Factors as described in Eco Wave Power's Annual Report on Form 20-F filed with the SEC, which is available on the SEC's website, About Ladenburg Thalmann Ladenburg Thalmann is a US middle market diversified financial services firm headquartered in New York and engaged in investment banking, focusing on fundraising, buyside & sellside M&A, high-yield debt, and private equity access for public and private companies. The firm also provides equity research, institutional sales and trading, independent brokerage, advisory services, trust services, and asset management. Together with its parent, Osaic, Ladenburg Thalmann has over 12,000 financial advisors in the US, managing over $650 billion in client assets. Ladenburg is a member of NYSE, NYSE American, FINRA, all other principal exchanges, and SIPC. Securities are offered through Ladenburg Thalmann & Co. Inc. broker-dealer, and advisory services are offered through Ladenburg Thalmann Asset Management ('LTAM'), an SEC registered investment advisor. Ladenburg Thalmann Contact: Mark Green [email protected] 800.995.5267 About B2i Digital, Inc. B2i Digital, Inc. leverages the latest digital marketing technologies to tell a company's story to retail investors, institutional investors, and research analysts. B2i Digital creates robust profiles for companies on its platform, and launches targeted digital marketing campaigns to bring the most relevant investors to each company based on its sector, stage, and overall company story. B2i Digital was founded in 2021 by David Shapiro, previously the Chief Marketing Officer and an investment banker at Maxim Group LLC. David was also one of the founders of Maxim's investor awareness platform, B2i Digital Contact Information: David Shapiro Chief Executive Officer B2i Digital, Inc. 212.579.4844 Office [email protected]
