The Swedish Energy Agency Grants Funds to Projects Focusing on Minesto’s Technology

Minesto’s patented technology Deep Green is the only proven marine power plant that can extract energy from low-velocity tidal and ocean currents in a cost-effective way. The concept has been developed over nearly a decade and for the last three years quarter scale ocean testing is on going outside the coast of Northern Ireland. In parallel to this, Minesto develops its first power plant in full scale, which is to be launched in Wales in the summer of 2017.

Two research projects have now received funding from the Swedish Energy Agency. The projects are focused on the further development of Deep Green, and the purpose is to optimise the first full-scale model. The two projects are granted funds totalling SEK 5.7 million.

Dr Heije Westberg, CTO of Minesto:

“The Swedish Energy Agency s decision to grant funds for these two projects is a clear sign of confidence in the potential of our technology and in Minestos ability to realise it. This is research funds earmarked for strengthening the further development of Deep Green. The knowledge that will be generated in the projects benefits us, our partners in the projects and hopefully the whole sector of marine energy, says Dr Heije Westberg.

Cost Efficiency of Marine Energy Converters is a collaboration between Minesto, SSPA and Moorlink and the project is customised for Deep Green. It will focus on improvements to the mooring and rudder design, as well as on full-scale simulations.

The Way of the Dragon: Optimisation of subsea power plants (“kite” is also “dragon” in Swedish) is a collaboration between Minesto, University of Gothenburg s Department of Marine Sciences and Chalmers University of Technology. The project will allow Minesto access to state of the art turbulence modelling, specifically designed for the company.