Future Energy

19 Jun 2019

Minesto Wins €1m Tidal Boost

19 Jun 2019  by Renews.BIZ   

Swedish Energy Agency issues grant for Deep Green turbine technology development


Tidal energy outfit Minesto has been granted more than €1m from the Swedish Energy Agency to develop its Deep Green turbine technology.

The SEK12.5m (€1.17m) grant will be used to further Minesto’s Deep Green 100 (DG100) commercial-scale turbine rated at 100kW.

The first DG100 systems will be installed in the Faroe Islands, for which Minesto recently received funding from the European Commission.

“We now have two public bodies from the EU and Sweden that independently support the roadmap to bring our product to the market,” said Minesto chief executive Martin Edlund.

“In the Faroe Islands we are part of one of the world's most ambitious energy transition projects. It is the perfect context to show how tidal energy by Minesto's technology complements solar and wind to create sustainable energy systems,” he added.

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