Minesto
Minesto AB
Västra Frölunda, Sweden
About
Founded in 2007, Minesto is a public company headquartered in Västra Frölunda, Sweden with approximately 51-200 employees specializing in Other.
Minesto is a marine energy technology developer spun off from Saab in 2007. It develops Dragon Class underwater kite systems that generate electricity from tidal streams and ocean currents. The company operates in Sweden, Wales, the Faroe Islands and Taiwan, with headquarters in Gothenburg. Its shares are listed on Nasdaq First North Growth Market in Stockholm.
Headquarters
Founded
Employees
Company type
Focus areas
Products & services
Business models
Value chain
Service areas (3)
Tidal energy technology supply
Design and supply of Dragon Class underwater kite power plants for tidal streams and ocean currents.
Operations, service and maintenance
Operations, service and maintenance support for project developers and site operations.
Site development
Site identification, evaluation and feasibility assessments for tidal and ocean current sites.
Locations
Headquarters
J A Wettergrens gata 14, 421 30, Västra Frölunda, Sweden
Operating locations (1)
- Turkey Shore Road, Holyhead, United Kingdom
Service regions
Projects
4Dragon 12 tidal powerplant (Faroe Islands)
1.2 MW utility-scale tidal kite power plant commissioned in February 2024, delivering electricity to the Faroe Islands national grid.
Hestfjord Dragon Farm
First-phase tidal energy array of six Dragon 12 kites planned in Hestfjord.
Holyhead Deep
Planned commercial tidal energy array in Holyhead Deep, off Anglesey, North Wales, proposed to expand to up to 80 MW.
Taiwan tidal site (Keelung)
Site development for first tidal arrays in Asia near Keelung Islet, with ambitions in the Kuroshio current.
Credentials & affiliations
Awards
SME Instrument grant
Industry memberships
Partnerships
SEV, Bangor University, Capture Energy, IVL, Taiwan Cement Green Energy, National Taiwan Ocean University, Vestmanna municipality, Morlais
