Minesto AB Logo

Minesto AB

Develops subsea kite technology to generate electricity from tidal and ocean currents.

MINEST | ST

Overview

Corporate Details

ISIN(s):
SE0007578141 (+1 more)
LEI:
529900U9GE0JYU3PUP93
Country:
Sweden
Address:
J A Wettergrens gata 14, 421 30 VÄSTRA FRÖLUNDA

Description

Minesto AB is a marine energy technology developer focused on generating electricity from predictable tidal streams and ocean currents. The company's core product is the patented "Deep Green" technology, a subsea kite system. Tethered to the seabed, the kite flies in a predetermined trajectory, which significantly increases the relative speed of the water flowing through its onboard turbine. This speed enhancement allows for efficient power generation even in low-velocity currents, expanding the exploitable marine energy resource. The design principle enables the use of smaller, lighter, and more cost-effective units compared to conventional stationary tidal power plants. Minesto's mission is to enable the commercial-scale production of clean, predictable ocean energy to minimize the global carbon footprint of the energy industry.

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Insider Transactions

Date Insider Name Position Type Shares Value
2025-04-02 Göran Linder Other Other 1,111,111 1,711,110.94 SEK
2025-03-25 Cecilia Sernhage Other Other 260 400.40 SEK

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