Minesto
Low Velocity Tidal SolutionWriter:Emily JarvisProject Manager:Ben WiggerThe UK has long since been identified as a significant market for offshore renewable energy projects, and there are a growing number of developers from across the globe who are showing a more active interest in developing projects, particularly in Welsh waters.Over the past 12 months, Wales has been increasingly identified as a potential location for marine energy projects and investors have been attracted by Wales’ excellent wave and tidal stream resource and the Welsh government’s willingness to develop the marine energy sector. One such Company that has secured funding for its tidal energy solution in North Wales is Swedish marine energy company, Minesto.“The €13 million investment will help to establish a Minesto UK headquarters in North Wales and support commissioning of the first commercial Deep Green project and the roll out of marine power plants in Wales,” highlighted a recent press release from the Company.“Wales has extensive raw wave and tidal energy resources along our shorelines, and Minesto’s Deep Green project is an excellent example of commercial solutions being developed in Wales to help drive our potential to be a world-leader in the marine energy market,” added Welsh First Minister, Carwyn Jones.Established in 2007 by Managing Director, Anders Jansson, in collaboration with Saab Group and Chalmers University of Technology, from its two bases in Gothenburg, Sweden and Northern Ireland, UK, Minesto started the Company after identifying a gap in the market for a tidal solution that can operate at low velocity sites; which are much more common than high…
Minesto
Making Waves Around the Globe Minesto's Deep Green tidal power technology is small, lightweight and very efficient and is able to accelerate the water velocity by up to a factor of 10 Writers Emily Jarvis Project Manager Dave Alexander Minesto is a marine energy technology company with a patented technology for cost efficient electricity production from tidal and ocean currents. Minesto's award winning product, Deep Green, is the only known marine power plant that operates cost efficiently in areas with low velocity currents. Deep Green resembles an underwater kite with a wing and a turbine that is attached by a tether to a fixed point on the ocean bed, moving swiftly in an 8-shaped trajectory in the current. Compared to other traditional and renewable energy sources, tidal and ocean current energy is considerably more predictable and reliable; with minimal visual, noise and environmental impact. Marine energy from the world's ocean has huge potential. Deep Green, with its low weight and ability to operate in low velocity currents, has several advantages compared to other tidal and ocean current power plants; the catchment area is much larger, and service and maintenance is more cost efficient, resulting in low electricity production costs, comparable with traditional energy sources. Minesto was founded in 2007 by Managing Director Anders Jansson, Saab Group and Chalmers University of Technology, with its base in Gothenburg, Sweden, and Northern Ireland, UK. The major shareholders in Minesto are BGA Invest, Midroc New Technology, Saab Group and Chalmers University of Technology. "We started the company as the technology…
