Minesto AB (MINEST)
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Minesto AB Profile
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | Dr. Martin Edlund CEO | XSTO Exchange | SE0007578141 ISIN |
| Sweden Country | 58 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Minesto AB (publ) is an innovative marine energy developer founded in 2007, with its headquarters located in Västra Frölunda, Sweden. The company specializes in harnessing renewable energy from tidal streams and ocean currents to produce electricity, distinguishing itself in the renewable energy sector. With its operations spread across Sweden, Wales, the Faroe Islands, Northern Ireland, and Taiwan, Minesto leverages its unique Deep Green technology to contribute to the global transition towards sustainable energy sources. Their efforts in renewable energy development position them as a pivotal player in the marine energy landscape.
Products and Services
Minesto AB (publ) offers innovative solutions for the renewable energy sector, centered around their proprietary Deep Green technology.
- Deep Green Technology Turbines - These turbines are designed to efficiently generate electricity from the kinetic energy present in tidal streams and ocean currents. The technology embodies a unique approach to capturing marine energy, setting Minesto apart from traditional hydro and tidal power developers. The Deep Green system consists of an underwater kite equipped with a turbine that is tethered to the seabed. As ocean currents move the kite, the turbine generates electricity. This technology is adaptable to various marine environments, offering a versatile solution to generate green energy in areas previously considered unviable for energy production.
