Latest Minesto News & Updates

See the latest news and media coverage for Minesto. We track all announcements, press releases, and industry mentions in real time, all in one place.

Minesto

Developer of underwater kite tidal energy systems

minesto.com

Headquarters: Vastra Frolunda, Sweden
Founded year: 2007
Company type: Public company
Number of employees: 50–200

Last updated Today

Latest news about Minesto

In short: Minesto advanced its tidal energy commercialization, achieving production milestones in the Faroe Islands and securing key investment support.

Company announcements

May 21 Minesto

Minesto AB gives notice of its Annual General Meeting

The meeting is on 23 June 2026 in Gothenburg, with proposals for board re-election and auditor appointment.

May 4 Minesto

Minesto reports Q1 2026 financials and progress

Selected for EIB support, awarded SEA grant, partnered with Haf-Afl, advanced Dragon testing. Operating loss SEK -7M, cash SEK 50M.

March 17 Minesto

Minesto installs Dragon 4 powerplant producing electricity

Dragon 4 supplies the Faroese grid for the microgrid project funded by Swedish Energy Agency. Dragon 12 recovered after 10 months for inspection.

March 12 Minesto

Minesto publishes the annual report for 2025

The annual report for the financial year 2025 is now available on the company's website, only in Swedish.

Media coverage

June 5 MSN

Underwater energy kites move closer to commercial utility

FOR years, marine energy has been dominated by massive tidal barrages and underwater turbines anchored to the seabed. Now, a ...

May 13 Yahoo Finance

Invitation to Minesto's webinar: Q1 update by CEO

Following the Interim Management Statement 1 January-31 March 2026, Minesto invites investors to a webinar, Monday 18 May at 2 pm (CEST). CEO Dr Martin...

May 4 Dagens industri

Minesto reduces the loss

Minesto, which develops technology for production of renewable electricity from the sea, reports an operating result of -7.1 million kronor (-10.7) for the...

March 24 International Water Power

Minesto Dragon 4 enters production

Minesto has connected its 100 kW Dragon 4 tidal kite to the Faroe Islands grid as part of preparations for the ETRIC microgrid project.

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