About
Founded in 2007, Minesto is a public headquartered in Västra Frölunda, Sweden with approximately 50-200 employees specializing in Tidal, Wave.
Minesto is a marine energy technology company specializing in tidal and ocean current energy conversion. Founded in 2007 as a spin-off from Swedish aerospace manufacturer Saab, the company has developed a unique subsea kite technology that operates on a flying principle to harness energy from tidal streams and ocean currents. The kite systems achieve relative speeds many times the current speed, reducing the size and cost of equipment compared to fixed turbines. Minesto operates demonstration sites in Sweden, Wales, the Faroe Islands, and Taiwan, with headquarters in Gothenburg. The company is listed on Nasdaq First North Growth Market in Stockholm and employs over 50 professionals with expertise in control systems, hydrodynamics, mechanical and electrical engineering, and subsea operations. In Taiwan, Minesto is developing the first tidal energy arrays in Asia and exploring installations in the Kuroshio current.
Headquarters
Västra Frölunda, Sweden
Founded
2007
Employees
50-200
Company Type
Public