Minesto
Electricity, Oil & Gas · Sweden · 11-50 Employees
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Overview
Headquarters
J a Wettergrens Gata 14, Västra Frölunda...Phone Number
+46 31290060Website
www.minesto.comRevenue
$38.7 MillionStock Symbol
MINEST.STIndustry
ZI Rank: 1
Signal Type
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ZI Rank
1
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About Minesto
Minesto specializes in renewable energy generation from ocean currents and tidal streams through innovative kite systems. Their technology harnesses predictable ocean movements to provide a reliable and affordable source of energy, distinguishing it from other renewable sources like wind and solar. The company targets clients involved in energy transition projects, such as the ambitious clean energy initiative in the Faroe Islands aiming for 100% renewables by 2030. With a focus on lightweight and modular power plants, Minesto aims to unlock new renewable energy sources for a greener future.Explore more
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Company Profile Activity
Activity Insights
Minesto is experiencing very low activity levels compared to other companies in the Energy, Utilities & Waste sector.
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Minesto is drawing exceptional interest within the Energy, Utilities & Waste industry, suggesting notable developments or strong market momentum, learn more about Minesto.
Minesto financials insights
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2015
Grant
$15.4M
Private Equity
$4.1M
2016
Private Equity
$1.2M
Grant
$654K
2025
Debt
$2.2M
Minesto Tech Stack
A closer look at the technologies used by Minesto
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Most Recent Scoops
Person-Based
Advertising, Business Development, Public Relations
Person-Based
Contracts, Energy / Power, Pricing
Person-Based
Contracts, Energy / Power, Utility Operations
Person-Based
Partnership, Engineering, Product Development
Person-Based
Public Relations
Minesto News & Media
Minesto publishes Half-Year Report 2026
GOTHENBURG, Sweden, Aug. 20, 2026 /PRNewswire/ -- CEO Dr Martin Edlund: "The first six months of 2026 have seen tangible progress across our business. We have verified electricity production performance over long production cycles, enhanced customer offerings, and multiplied our customer...Minesto publishes Half-Year Report 2026
GOTHENBURG, Sweden, Aug. 20, 2026 /PRNewswire/ -- CEO Dr Martin Edlund: "The first six months of 2026 have seen tangible progress across our business. We have verified electricity production performance over long production cycles, enhanced customer offerings, and multiplied our customer...Minesto adapts organization to strengthen customer service offering
GOTHENBURG, Sweden, Aug. 12, 2026 /PRNewswire/ -- Minesto implements organisational changes to enhance the commercial readiness of its service offering. Site installation and operations (installation and handling) will be managed through customer delivery projects, such as the Vestmanna...Dragon Power unleashed: Minesto's Tidal Energy Power Plant sets electricity production record over summer
GOTHENBURG, Sweden, Aug. 10, 2026 /PRNewswire/ -- Minesto today announces that the Dragon 4 power plant, upgraded with a new power-take-off (PTO) system that improves energy production throughout the tidal flow cycle, has delivered record breaking electricity generation over the summer in...
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Frequently Asked Questions Regarding Minesto
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Minesto specializes in renewable energy generation from ocean currents and tidal streams through innovative kite systems. Their technology harnesses predictable ocean movements to provide a reliable and affordable source of energy, distinguishing it from other renewable sources like wind and solar. The company targets clients involved in energy tra... Read More
