Minesto Gets Home Support

The Swedish Energy Agency has awarded Minesto a SEK 12.5 million ($1.3 million) grant to the development of the company’s marine power plant DG100.

Climate change and the transition to renewable energy is a global challenge in which Swedish technology like ours can play a significant role. It is therefore crucial that the Swedish innovation system is involved and supports the development of what could be a new Swedish export industry”, said Dr Martin Edlund, CEO of Minesto.

Minesto develops a patented technology for generating green electricity from tidal and ocean currents. With no suitable tidal resource around Sweden, the Gothenburg-based company has operations and projects also in the UK, the Faroe Islands and Taiwan.

Technology and product development is however taking place in Sweden and the Swedish Energy Agency has now granted Minesto funding which will support the development of the first marine power plant of Minesto’s DG100 model.

The first DG100 systems will be installed in the Faroe Islands, which Minesto recently received funding for from the European Commission.

We now have two public bodies from the EU and Sweden that independently support the roadmap to bring our product to the market. In the Faroe Islands we are part of one of the world’s most ambitious energy transition projects. It is the perfect context to show how tidal energy by Minesto’s technology complements solar and wind to create sustainable energy systems”, said Martin Edlund.

Share this article

Follow Marine Energy

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

SR Marine Conference, Exhibition & Dinner 2019

This conference will reset the dialogue on how we can best develop these technologies, going beyond LCOE…

read more >

ICCE (ICCE019)

This conference is organized to share and discuss recent developments in clean energy sector…

read more >

Green Energy & Expo 2019

Conferenceseries LLC Ltd is an amalgamation of Open Access Publications and worldwide international science conferences and events…

read more >

EWTEC2019

The European Wave and Tidal Energy Conference (EWTEC) series are international, technical and scientific conferences…

read more >