Minesto AB is a Sweden-based company engaged in the development of tidal energy devices. The Company's product Deep Green, is a power plant that converts energy from tidal stream flows into electricity by way somewhat similar to the posture of a wind kite. The kite assembly, consisting of a wing and turbine, is attached by a tether to a fixed point on the ocean bed. As water flows over the hydrodynamic wind, a lift force is generated which allows the device to move smoothly through the water and for the turbine to rotate hence generating electricity. The Company has offices in Sweden, North Ireland and the United Kingdom. The Company is co-owned by SAAB, BGA Invest, Verdane Capital, Encubator and Midroc.
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Company Information
About this company
Key people
Jonas Millqvist
Independent Chairman of the Board
Goeran Linder
Director
Joel Patrik Olof Lybert
Independent Director
Martin Edlund
Chief Executive Officer, Managing Director, Executive Director
Alexander Jancke
Chief Financial Officer
Johannes Hueffmeier
Chief Operations Officer
Louise Marsden
Chief Personnel Officer
Bernt Erik Westre
Chief Technology Officer
Cecilia Sernhage
Chief Communications Officer
Andreas Gunnarsson
Director
Philippe Kavafyan
Director
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Key facts
- Shares in issue260.11m
- EPICMINEST
- ISINSE0007578141
- LocationSweden
- SectorUtilities
- IndustryElectric Utilities
- Market capSEK 231.50m
- Employees31
- ExchangeStockholm Stock Exchange
- Index
- Website
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