Renewable
The worldwide movement of the oceans in tidal streams and ocean currents produces a rich source of energy that can be converted to a reliable and local source of renewable energy.

Predictable
Unlike wind and solar, tidal streams and ocean currents are predictable. Tides are caused by the gravitational forces exerted on the earth by the moon. Ocean currents are the continuous, directional movement of seawater driven by gravity, wind, and water density.

Affordable
Our subsea kite is designed to fly across the main flow direction, achieving a relative speed many times the current speed. This speed enhancement reduces the size of the kite and rotor required to collect the energy compared with a fixed turbine. As such, it is affordable to install, operate, and maintain.

Minesto is a marine energy technology developer, founded in 2007 as a spin-off from Swedish aerospace manufacturer Saab. Since then, Minesto has successfully developed its unique ocean energy technology. The company has operations in Sweden, Wales, the Faroe Islands, Northern Ireland and Taiwan, with headquarters in Gothenburg, Sweden. Main owners are BGA Invest and Corespring New Technology. The Minesto shares are listed on the Nasdaq First North Growth Market in Stockholm.