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.

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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

Latest news about Minesto

Company announcements

  • 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.

  • 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.

  • 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.

  • Minesto

    Minesto publishes Year-End Report 2025

    The report covers financial results, rights issue outcomes, board changes, international delegations, and CEO highlights on global exposure and technology advancements. Operating loss was SEK -14,843 thousand for the period.

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Media coverage

  • 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...

  • 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.

  • Offshore Energy

    Minesto's microgrid-scale tidal energy powerplant begins producing in Faroe Islands - Offshore Energy

    Swedish tidal energy developer Minesto has begun production from its 100 kW microgrid-scale powerplant Dragon 4 to the Faroese grid.

  • Energy Global

    Dragon 4 in electricity production | Energy Global

    Minesto’s microgrid scale powerplant, Dragon 4, is installed and producing electricity to the Faroese grid.

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