Minesto AB

About Minesto AB

minesto

Minesto is one of the world’s leading developers of innovative tidal power technology.

The company was set up in 2007 to commercialize a tidal energy converter initially invented by SAAB AB (the aircraft manufacturer). Known as Deep Green, Minesto’s device is an underwater kite designed to generate electricity by capturing power from low velocity tides and ocean currents. The company is on track to deliver its first full-scale Deep Green array. This array will be installed off the coast of Anglesey and scaled up to 10MW by 2020. Minesto is now setting up UK subsidiary to deliver the Deep Green 10MW project.

The Welsh European Funding Office (WEFO) has awarded over €13m for the commissioning of the first full-scale power plant. Minesto enjoys continued commitment from both industrial shareholders Midroc New Technology and Nordic equity firm BGA Invest.

The successful candidate will be joining a pioneering team in an emerging renewable energy sector with exceptional international market potential.

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