Minesto kicks off microgrid project with partners and adds local end-user applications
5 september, 08:44
Minesto kicks off microgrid project with partners and adds local end-user applications
Together with project partners Sev, Capture Energy and IVL, Minesto completed a planning and project set-up workshop for the 25 MSEK Microgrid Project awarded by Swedish Energy Agency. In parallel with the project, Minesto has added an integration of two local end-user applications of tidal energy in the Faroe Islands to strengthen customer involvement.
The session was conducted at Minesto’s head office in Göteborg. With the 1,5 days planning meeting completed, Minesto and partners have laid a good foundation to deliver a microgrid turnkey installation in Vestmanna, Faroe Islands.
"We are off to a good start delivering a tidal energy microgrid system with the capacity to offer base-load renewable energy to both local needs in the Faroe Islands and further to millions of users on a global market," said Johannes Hüffmeier, COO of Minesto.
In parallel, work with integration of user applications is initiated together with Sev and local end users with the ambition to increase renewable energy content. Potential users in Vestmanna are in focus, with EV charging and an industrial process as the two prioritized areas for reduction of fossil energy consumption via electrification.
"Right at the start, we want to add delivery of tidal energy into electrification applications for the customer value of our microgrid to be proven and demonstrated. Small-scale electrification to reduce CO2 emissions is a core component in the global energy transition as well as in our sales growth projections," said Dr Martin Edlund, CEO of Minesto.
About Minesto
Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling plannable commercial power production from the ocean.
Minesto’s award winning and patented product is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.
Minesto was founded in 2007 and has operations in Sweden, the Faroe Islands, Wales and Taiwan. The major shareholders in Minesto are BGA Invest and Corespring New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission.
Read more about Minesto at www.minesto.com
Press images and other media material is available for download via minesto.com/media
Financial information including reports, prospectuses and company descriptions is available in Swedish at www.minesto.com/investor.
For additional information, please contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com
Ämnen i artikeln
Minesto kicks off microgrid project with partners and adds local end-user applications
5 september, 08:44
Minesto kicks off microgrid project with partners and adds local end-user applications
Together with project partners Sev, Capture Energy and IVL, Minesto completed a planning and project set-up workshop for the 25 MSEK Microgrid Project awarded by Swedish Energy Agency. In parallel with the project, Minesto has added an integration of two local end-user applications of tidal energy in the Faroe Islands to strengthen customer involvement.
The session was conducted at Minesto’s head office in Göteborg. With the 1,5 days planning meeting completed, Minesto and partners have laid a good foundation to deliver a microgrid turnkey installation in Vestmanna, Faroe Islands.
"We are off to a good start delivering a tidal energy microgrid system with the capacity to offer base-load renewable energy to both local needs in the Faroe Islands and further to millions of users on a global market," said Johannes Hüffmeier, COO of Minesto.
In parallel, work with integration of user applications is initiated together with Sev and local end users with the ambition to increase renewable energy content. Potential users in Vestmanna are in focus, with EV charging and an industrial process as the two prioritized areas for reduction of fossil energy consumption via electrification.
"Right at the start, we want to add delivery of tidal energy into electrification applications for the customer value of our microgrid to be proven and demonstrated. Small-scale electrification to reduce CO2 emissions is a core component in the global energy transition as well as in our sales growth projections," said Dr Martin Edlund, CEO of Minesto.
About Minesto
Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling plannable commercial power production from the ocean.
Minesto’s award winning and patented product is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.
Minesto was founded in 2007 and has operations in Sweden, the Faroe Islands, Wales and Taiwan. The major shareholders in Minesto are BGA Invest and Corespring New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission.
Read more about Minesto at www.minesto.com
Press images and other media material is available for download via minesto.com/media
Financial information including reports, prospectuses and company descriptions is available in Swedish at www.minesto.com/investor.
For additional information, please contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com
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