Minesto has completed a reorganization adapting to the evolving business and reducing fixed costs

"We have concentrated the Minesto organization at the head-office in Göteborg and closed-down the office in Wales for efficiency and synergy reasons. We remain fully committed to our tidal site and build-out plan for Holyhead Deep, retaining local presence regarding site development. Our ability to get Holyhead Deep financed and built is not affected by this shift," said Dr. Martin Edlund, CEO of Minesto. "We have concentrated the Minesto organization at the head-office in Göteborg and...

GOTHENBURG, Sweden, 09/07/2025 (informazione.news - comunicati stampa - ambiente)

" said Dr. Martin Edlund , CEO of Minesto.

Minesto's management team has been reduced from eight to six members, keeping the conventional line-functions and allocating responsibilities on different aspects of commercialization and site project delivery across the team.

 said Martin Edlund .

In addition to the adjustments outlined above, a closer integration of product development and operations has strengthened the two functions mutually and expanded the scope to include design and installation methods for Dragon farms (production arrays) and planning for volume manufacturing.

Furthermore, the R&D team has seen some reduction in staff, reflecting a transition from more basic R&D in all areas of technology to product development and customization of Dragon-systems for specific customer projects. Our capability to innovate for future generations of Dragon-systems remains strong and at full capacity.

 said Martin Edlund .

This has created a strong core organization of 36 employees, which corresponds to a reduction of approximately 35% in fixed costs, while keeping the flexibility to add resources and expertise as needed to take Minesto forward.

Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com

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