#Sweden #Gothenburg #Minesto #tidal energy #Hestfjord

Minesto's Capital Market Day 2024: A Deep Dive into Tidal Energy

On December 11, 2024, Minesto hosted its much-anticipated Capital Market Day at its workshop located in Gothenburg, Sweden. This event marked a significant opportunity for stakeholders, investors, and interested parties to gain comprehensive insights into the company's innovative technologies and future directions in the renewable energy sector.

The highlight of this event was the engaging presentation delivered by Minesto's CEO, Dr. Martin Edlund, who elaborated on the company's pioneering work in tidal energy solutions. Dr. Edlund pointed out how Minesto is at the forefront of realising its vision for the first tidal energy 'dragon farm' in Hestfjord, Faroe Islands. This ambitious project represents a critical leap forward in harnessing renewable energy from tidal currents, showcasing Minesto's commitment to sustainable practices and innovative technology.

During the presentation, Dr. Edlund provided valuable insights on the operational technology behind their unique 'dragon' energy converters, referring to their capability of generating renewable energy in tidal and ocean currents. Attendees explored how this development not only aligns with the global push towards clean energy solutions but also positions Minesto as a leader in the industry.

After the presentation, guests were given the exclusive chance to engage directly with the technology. They toured the workshop, where power plant components were on display, allowing for a hands-on understanding of the innovations being developed. The opportunity to observe and interact with these technologies highlighted Minesto's commitment to transparency and collaboration within the industry. Guests expressed excitement over the potential this technology holds for delivering sustainable energy solutions globally.

In addition to the technical discussions, the event provided a platform for networking and engaging conversations among participants, fostering relationships that may further drive innovations in the renewable energy field.

Minesto expressed their gratitude towards attendees for their engagement and support. The CEO indicated that the company is on a promising trajectory, urging attendees to stay tuned for updates as they progress towards operationalising their first tidal energy farm. This sentiment resonated with many, who share a vision of a future powered by clean and renewable energy sources.

For those who could not attend, a recording of Dr. Edlund's presentation is now available for public access on Minesto’s official website and their YouTube channel. This ensures that those interested in the future of tidal energy can keep abreast of the innovations being propelled by Minesto.

As the world grapples with pressing environmental issues and the urgent need for sustainable energy solutions, events like Minesto's Capital Market Day serve as a beacon of hope, showcasing the advancements being made in renewable energy technologies. The excitement surrounding the potential of tidal energy is palpable, setting the stage for a new chapter in sustainable energy.

For additional details or inquiries, media representatives can contact Cecilia Sernhage, Chief Communications Officer at Minesto, at +46 735 23 71 58 or via email at Cecilia Sernhage's email.