Business Concept
Minesto’s innovation Deep Green originates from Saab AB in Linköping, Sweden.
In order to evaluate the commercial aspects, the technology was transferred to CSE, where Minesto was formed and run as an entrepreneurship project for one year.
Thanks to the current strong focus on the renewable industry, interest from investors, a strong team and its network, and positive feedback for the technology from experts, Minesto became a limited company in 2007.
Minesto’s four largest owners are Verdane Capital A/S, Midroc New Technologies AB, Saab AB and Entreprenörskolan Holding Sverige AB. These owners actively work to use their own competencies in order to help develop Minesto further.
Minesto is continually advancing state-of-the-art technology while simultaneously building a strong intellectual property portfolio.
Progress
With only one employee, Minesto has been able to attract a sufficient amount of funding, obtain and sustain continued support from the UK government, gain global recognition as a tidal energy company, and make strong progress in the technical development of tidal energy products.
Minesto has four large owners with technical, financial and market skills combined with an active network, all working together for Minesto’s future success.
Due to a revolutionizing technology and a strong team, Minesto is the only company who has support from the Carbon Trust in UK, proving the external belief of Minesto as a world class player within marine energy.
Minesto has been working with the best engineers within hydrodynamics and electricity, and has been able to develop the technology from a concept into a unique product with global potential.
Outlook
Minesto’s product still has a few years of development before it can generate income for the company.
However, with a potential market worth between 40-170 BEUR, a strong interest from energy companies all over the world, rising prices on fossil fuels, and a terrifying threat from global warming, Minesto has all the ingredients to succeed with the development and delivery of the product Deep Green.
