INTELLIGENT BRANDS // Green Technology
Minesto breaks new ground as it proves its subsea kite technology
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THIS IS A GROUND- BREAKING MOMENT FOR THE MARINE ENERGY INDUSTRY AND A GREAT ACCOMPLISHMENT MADE POSSIBLE BY EVERYONE THAT HAS BEEN INVOLVED IN THE DEVELOPMENT OF OUR DEEP GREEN TECHNOLOGY .
Marine energy developer , Minesto , has verified the functionality of its unique Deep Green technology at utility scale , marking a significant milestone for the company and for the marine energy industry .
Following a thorough commissioning programme of the company ’ s first device of the Deep Green technology at utility scale , which generates clean electricity from tidal streams and ocean currents , developer Minesto has successfully ‘ flown ’ its marine energy kite in full subsea trajectories at the Holyhead Deep site 8km off the coast of Holyhead , North West Wales .
Commenting on the milestone , Minesto ’ s CEO , Dr Martin Edlund , said : “ This is a ground-breaking moment for the marine energy industry and a great accomplishment made possible by everyone that has been involved in the development of our Deep Green technology and the DG500 system now deployed in Wales .”
He continued : “ It is a world-first achievement that confirms the functionality of our patented concept at utility scale while it also reassures the fact that our technology expands the ocean energy potential and forms an essential complement to established renewables .”
Using the same principle as flying a stunt kite across the wind , Minesto ’ s marine energy 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 .
“ With our lightweight system , we exploit low-flow currents , offering energy players globally a secure and affordable way to produce renewable baseload power ,” said Martin Edlund .
Listed on Nasdaq First North Stockholm since 2015 , Minesto has funded the development of its Deep Green technology through a mix of private equity and public grants . With substantial support from the European Regional Development Fund through the Welsh European Funding Office (€ 13million ) and InnoEnergy (€ 4.5million ), Minesto and the Deep Green technology is the EU ’ s largest investment in marine energy to date .
Minesto will now continue with further testing before moving to the second commissioning phase to verify the power take-off system and electricity generation . •
www . intelligentcio . com INTELLIGENTCIO 83
INTELLIGENT BRANDS // Green Technology
Minesto breaks new
ground as it proves its
subsea kite technology
/////////////////////////////
THIS IS A GROUND-
BREAKING MOMENT
FOR THE MARINE
ENERGY INDUSTRY
AND A GREAT
ACCOMPLISHMENT
MADE POSSIBLE
BY EVERYONE
THAT HAS BEEN
INVOLVED IN THE
DEVELOPMENT OF
OUR DEEP GREEN
TECHNOLOGY.
M
arine energy developer, Minesto,
has verified the functionality of
its unique Deep Green technology
at utility scale, marking a significant
milestone for the company and for the
marine energy industry.
Following a thorough commissioning
programme of the company’s first device
of the Deep Green technology at utility
scale, which generates clean electricity from
tidal streams and ocean currents, developer
Minesto has successfully ‘flown’ its marine
energy kite in full subsea trajectories at the
Holyhead Deep site 8km off the coast of
Holyhead, North West Wales.
Commenting on the milestone, Minesto’s
CEO, Dr Martin Edlund, said: “This is a
ground-breaking moment for the marine
energy industry and a great accomplishment
www.intelligentcio.com
made possible by everyone that has been
involved in the development of our Deep
Green technology and the DG500 system
now deployed in Wales.”
He continued: “It is a world-first achievement
that confirms the functionality of our patented
concept at utility scale while it also reassures
the fact that our technology expands the
ocean energy potential and forms an essential
complement to established renewables.”
Using the same principle as flying a stunt
kite across the wind, Minesto’s marine
energy 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.
“With our lightweight system, we exploit
low-flow currents, offering energy players
globally a secure and affordable way to
produce renewable baseload power,” said
Martin Edlund.
Listed on Nasdaq First North Stockholm since
2015, Minesto has funded the development
of its Deep Green technology through a
mix of private equity and public grants.
With substantial support from the European
Regional Development Fund through the
Welsh European Funding Office (€13million)
and InnoEnergy (€4.5million), Minesto
and the Deep Green technology is the EU’s
largest investment in marine energy to date.
Minesto will now continue with further
testing before moving to the second
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