#Sweden #Gothenburg #Minesto #STEP Seal #Euro Dragon Farm

Minesto's Milestone: European Commission's STEP Seal for Euro Dragon Farm

In a significant achievement for ocean energy innovation, Minesto, a leading developer in the sector, has been awarded the Strategic Technologies for Europe Platform (STEP) Seal by the European Commission for its ambitious Euro Dragon Farm project, situated in Ireland. This recognition emphasizes the project's contribution to Europe’s energy security and enhances its industrial competitiveness.

Understanding the STEP Seal

The STEP Seal is a prestigious quality label provided by the European Commission, designed to identify projects that align with the goals of Europe’s Strategic Technologies for Europe Platform. The award underlines the high quality and strategic relevance of Minesto's Euro Dragon Farm project, which has also transitioned to Grant Agreement Preparation (GAP) to secure funding of EUR 20.2 million from the EU Innovation Fund.

This recognition not only underlines Minesto’s commitment to advancing clean energy solutions, but it also propels the project into a beneficial position for securing both public and private investments, thereby fostering further opportunities for technological advancements in the sector.

The Euro Dragon Farm Project

The Euro Dragon Farm aims to harness the kinetic energy of ocean currents, contributing significantly to renewable energy generation. By tapping into the vast potential of tidal energy, this initiative aligns seamlessly with Europe's goals to enhance its clean technology capabilities.

The acknowledgment by the European Commission enhances public confidence in Minesto's projects while encouraging additional investments aimed at bolstering strategic technologies throughout Europe. The STEP Seal serves as a catalyst for elevating projects that directly contribute to Europe’s clean energy landscape.

Minesto's Representation at the SET Plan Conference

Adding to the momentum, Minesto's CEO, Dr. Martin Edlund, is scheduled to present at the 20th Strategic Energy Technology Plan (SET Plan) Conference held in Cork, Ireland, from November 4-5, 2026. This event is co-hosted by several esteemed organizations, including the European Commission and Ireland's Department of Climate, Energy and the Environment, along with the Irish EU Presidency.

The conference will convene a diverse group of policymakers, industry leaders, investors, and researchers to discuss strategic energy technologies and their pivotal role in enhancing European competitiveness and energy security. Dr. Edlund’s participation will focus on the contributions of startups and innovative companies in advancing clean energy technologies, highlighting Minesto's role in this evolving landscape.

Conclusion

Minesto's receipt of the STEP Seal for its Euro Dragon Farm project marks a pivotal moment, not just for the company, but for Europe’s broader energy recovery and transition plans. The project promises to become a cornerstone of Europe’s renewable energy future, facilitating both technological growth and improved energy security, while promoting a sustainable economy. As initiatives like the Euro Dragon Farm take center stage, they demonstrate the integral role of innovation in achieving a clean energy future for Europe.