In conjunction with a Nordic ocean conference, Swedish Ambassador for the Ocean, Anna Lindstedt, paid a visit to Minesto's grid-connected tidal energy site in Vestmanna. The visit aimed to highlight how predictable tidal energy can be an important part of the future energy mix, and how Swedish innovation is at the forefront of ocean energy technology.

Together with Catarina Hedar, Unit Manager at Swedish Agency for Marine and Water Management and Carl Rosén, Director at Ministry of Enterprise and Innovation, Swedish Ambassador for the Ocean, Anna Lindstedt, visited Minesto's tidal energy site in Vestmanna. The delegation was welcomed by Minesto's team onsite and had the opportunity to check out the "Dragon 4" power plant.

"As Ambassador for the Ocean, I have an important task to protect the world's oceans and promote sustainable use of the ocean. Undeniably, the ocean is suffering from the effects of climate change, but it can also be a part of the solution to climate change. This particularly applies to green energy, where we have the possibility to generate as much as forty times more energy from the ocean than we do today. Therefore, it's very positive that Sweden can contribute with world-leading ocean energy technology with global potential," says Anna Lindstedt. 

"We are very pleased to have the ability to welcome a broad spectrum of stakeholders to our established site in Vestmanna, and the interest from Swedish governmental officials brings an important commercial value for us in approaching new markets," says Martin Edlund, CEO of Minesto.

"I am delighted to see how Minesto supports the Faroe Islands in reaching their policy goal of becoming fossil-free by 2030. It's a great showcase of Nordic collaboration," concludes Anna Lindstedt.

For additional information, please contact

Cecilia Sernhage, Communications Manager
+46 735 23 71 58
ir@minesto.com

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, Deep Green, is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.

With more than €40 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union's largest investment in marine energy to date.

Minesto was founded in 2007 and has operations in Sweden, the Faroe Islands, Wales, Northern Ireland 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, email: ca@gwkapital.se, telephone: +46 8 503 000 50.

Read more about Minesto at www.minesto.com

Press images and other media material is available for download via bit.ly/Minesto_media.

Financial information including reports, prospectuses and company descriptions is available in Swedish at www.minesto.com/investor.

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