#Canada #Minesto #ocean energy #Canadian Innovation #Ottawa, Montreal

Minesto's Role in Strengthening Swedish-Canadian Relations

Minesto, an innovative ocean energy technology developer based in Sweden, is making strides in international relations by participating in a significant Swedish business delegation to Canada. This event coincides with the state visit of the Swedish royal couple, emphasizing the importance of strengthening ties between Sweden and Canada.

Led by Swedish Minister for Energy and Business along with the Minister for Defence, the delegation aims to bolster Swedish-Canadian relations while promoting collaboration in innovation. Key areas of focus include artificial intelligence (AI), defence security, and electrification. Given Canada’s burgeoning market for ocean energy, characterized by its abundant tidal resources and political support for sustainable energy initiatives, this visit is strategically important for Minesto.

Dr. Martin Edlund, CEO of Minesto, is at the forefront of this delegation, seeking to engage with a variety of Canadian stakeholders to unlock new business opportunities. As part of the visit, the agenda includes high-level forums and tailored company visits in major cities like Ottawa and Montréal, where discussions on harnessing wave and tidal energy can lead to significant advancements in technology and partnerships.

On November 19, during the ongoing Sweden Canada Innovation Days 2025, Minesto will actively participate in a conference focused on connecting with key industry leaders, academic experts, and government representatives. The objective is clear: explore potential partnerships and funding opportunities that could foster the development of ocean energy technologies in both nations.

Jan Larsson, the CEO of Business Sweden, emphasized the strategic nature of the Canadian market. In a statement to the press, Larsson remarked, "Canada is a strategic partner with strong industries in clean energy, advanced technology, and defence security. This delegation allows Swedish companies like Minesto to build long-term relationships with Canadian partners across diverse sectors."

The involvement of Minesto in this delegation symbolizes a commitment not only to expanding its market reach but also to contributing to sustainable energy solutions on a global scale. Canada's significant tidal resources align perfectly with Minesto's expertise in ocean energy production, making this collaboration beneficial for both nations.

Key Goals of the Delegation

1. Strengthening International Partnerships: The visit aims to create strong ties that will last beyond the initial interactions, setting the groundwork for future collaborations.
2. Promoting Innovative Technologies: By engaging with Canadian entities, Minesto hopes to push forward the agenda of clean energy technologies, contributing to both countries' sustainability goals.
3. Showcasing Swedish Expertise: The delegation serves as a platform for showcasing Swedish innovations in various sectors including energy, security, and technology, bolstering Sweden's reputation as a leader in clean energy.

In conclusion, Minesto's participation in this Swedish business delegation highlights the importance of international collaboration in tackling global challenges. It not only reinforces Swedish-Canadian relations but also paves the way for advancements in ocean energy technology that could significantly impact both nations' efforts toward achieving sustainable energy solutions.