Swedish marine energy developer Minesto has engaged with leading financial advisor Pareto Securities to intensify relationships with institutional investors.
The purpose is to accelerate and capitalise the commercial rollout of Minesto’s first-of-its-kind renewable energy technology, the company said.
“We know that as the world moves to clean energy, investors are looking for new technologies and ventures in renewable energy generation. Building on the progress we have made over the last few years, we want to take advantage of that trend to accelerate and capitalise the commercialisation of our product,” said Dr Martin Edlund, CEO of Minesto.
To facilitate the intensified commercialisation effort of Minesto’s unique marine energy technology called Deep Green, Minesto has engaged in a collaboration with Pareto Securities. Minesto will continue to drive processes related to public grants while Pareto, with several successful technology transactions in renewable energy over the last years, will focus on relationships with institutional investors.