Minesto AB

http://minesto.com/

Minesto is a marine energy company on the mission to minimize the global footprint of the energy industry by enabling commercial power production from low velocity tidal and ocean currents.

Minesto’s award winning and patented product, Deep Green, is the only proven marine power plant that operates cost efficiently in areas with low velocity currents.  Deep Green resembles an underwater kite with a wing and a turbine that is attached by a tether to a fixed point on the ocean bed, moving swiftly in an 8-shaped trajectory in the current.

Minesto was founded in 2007 and is based in Gothenburg, Sweden, and Northern Ireland, UK.  The major shareholders in Minesto are BGA Invest, Midroc New Technology, Saab Group and Chalmers University of Technology.  Anders Jansson is the company’s CEO.

Read more about Minesto at www.minesto.com