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Minesto Resumes DG500 Kite System Operations
Following the recent re-installation of some of the offshore site infrastructure in the Holyhead Deep, the DG500 kite system was towed to site where the kite was re-connected to the seabed foundation. The operations this year build on last year's commissioning program, especially looking at long-term operations. This will be used for optimisation and cost reduction of Minesto's unique Deep Green technology.
Bernt Erik Westre , Chief Technology Officer at Minesto commented:
Minesto's marine energy technology called Deep Green consists of a subsea kite carrying a turbine. The kite flies across the underwater current, significantly enhancing the water flow speed through the turbine. This makes Minesto's product commercially viable in globally extensive sea areas where no other known, verified technologies can operate cost effectively.
Magnus Matsson
Communications Manager, Minesto AB
+46-31-774-14-89
press@minesto.com
Minesto is a marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling commercial power production from the ocean.
Minesto's award winning and patented product, Deep Green, is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.
With more than €40 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union's largest investment in marine energy to date.
Minesto was founded in 2007 and has operations in Sweden , Wales , Northern Ireland and Taiwan . The major shareholders in Minesto are BGA Invest and Midroc New Technology. The Minesto share (MINEST) is traded on the Nasdaq First North Stockholm stock exchange. Certified Adviser is G&W Fondkommission, email: ca@gwkapital.se, telephone: +46-8-503-000-50.
Read more about Minesto at www.minesto.com
Press images and other media material is available for download via bit.ly/Minesto_media.
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https://news.cision.com/minesto-ab/r/minesto-resumes-dg500-kite-system-operations,c2881579
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