Energia
Minesto Completes Offshore Test Programme of its EU-funded Tidal Energy Project in Wales
The project comprises the construction, installation and demonstration of Minesto's first utility-scale system of its subsea kite technology called Deep Green, in the Holyhead Deep 6km off the coast of North Wales . It is supported by €13 million of EU funds through the Welsh Government.
In Spring 2018, Minesto installed and commissioned the DG500 site infrastructure; seabed foundation, tether, umbilical and a buoy containing a micro grid system. In the Summer, the power plant itself was installed and commenced sea trials. The sea trials culminated in Minesto verifying the functionality of the Deep Green technology at a utility scale and successfully flying full subsea operational trajectories. In early October Minesto generated electricity for the first time with the DG500 device.
" ", said David Collier , COO of Minesto.
As the test programme of Minesto's EU-funded project has been completed, Minesto has decided to resume offshore operations of its DG500 system in the second quarter of 2019: " ", said Dr Martin Edlund
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.
In May 2015 , Minesto secured a €13m investment from the European Regional Development Fund through the Welsh Government, for the commercial rollout of Deep Green.
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, with G&W Fondkommission as Certified Adviser.
Read more about Minesto at www.minesto.com
Press images and other media material is available for download via bit.ly/minestomedia.
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