Overview
Description
Minesto AB is an innovative company specializing in marine energy technology, specifically the development of a unique tidal energy solution. Utilizing underwater kites to harness energy from ocean currents and tides, Minesto aims to generate clean, predictable, and renewable power. The company's patented technology, known as Deep Green, transforms low-velocity currents into a viable energy source, distinguishing it from conventional tidal energy approaches that often require faster currents.
Minesto's focus on marine energy positions it at the forefront of addressing global renewable energy demands, as it targets areas with reliable tidal flows and long coastlines. The technology's scalability and adaptability make it attractive to various sectors, including utilities, climate sustainability projects, and remote or islanded communities seeking energy independence.
Based in Sweden, Minesto has gained international recognition for its contributions to sustainable energy solutions. Its projects not only have the potential to impact environmental preservation by reducing reliance on fossil fuels but also encourage investment in marine energy infrastructure. Through partnerships and collaborations, Minesto is paving the way for the transition to greener, more sustainable energy forms globally.
About
CEO
Dr. Martin Edlund Ph.D.
Employees
48
Address
J A Wettergrens gata 14
Västra Frölunda
Gothenburg, 421 30
Västra Frölunda
Gothenburg, 421 30
Phone
46 31 29 00 60
Website
Instrument type
Common stock
Sector
Utilities
Industry
Utilities - Renewable
Country
Germany
MIC code
XDUS