Minesto Named One of Sweden’s Hottest Technology Companies

SeaDiscovery.com
Thursday, April 18, 2013
Photo: Minesto

Nordic marine energy technology company Minesto has been included in the annual list of the hottest Swedish young technology companies.

The list of 33 promising Swedish technology companies, “the 33 list,” is compiled by the two Swedish technology and business magazines Ny Teknik and Affärsvärlden with a view of finding “the next Ericson or SKF.” A thorough research process has narrowed 284 nominees down to the final chosen 33, which were announced at a gala in Stockholm, Sweden.

One of the main criteria for entering the list is that the company offers a step change technology for its industry. Minesto does this through unlocking the potential to cost efficient electricity production from low velocity tidal and ocean currents using its innovative marine power plant, Deep Green. Most actors in the industry develop power plants suitable for high velocity currents, hence these are not cost efficient in the low velocity currents that Deep Green operates in. Low velocity currents are estimated to represent at least half of the tidal and ocean current energy potential on the global arena.

The selected companies all fulfil criteria that include having developed a unique and innovative product or service, with a great international potential to offer a step change technology for its industry. The 33 selected companies are equal winners and are presented in no particular order.

Sweeping underwater kite

Deep Green resembles a sweeping underwater kite, comprised of a wing and a turbine which is secured to the seabed with a tether and moves with great speed in an eight-shaped path in the tidal or ocean current.

Compared to other traditional and renewable energy sources, tidal and ocean current energy is considerably more predictable and reliable and causes no visual and positive environmental impact. Marine energy from the world’s ocean has huge potential. Deep Green, with its low weight and ability to operate in low velocity currents, has several advantages compared to other tidal and ocean current power plants: the catchment area is much larger, and service and maintenance is more cost efficient, resulting in low electricity production costs, comparable with traditional energy sources.

www.minesto.com
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BMT Partners with Aage Hempel

BMT SMART (BMT),  has announced  that Aage Hempel has become an accredited service partner.  This agreement will provide both organizations with the opportunity

SeaZip Takes Delivery of Damen Crew Suppliers

On 28 March, SeaZip Offshore Service named two new Damen Fast Crew Suppliers (FCS) 2610 at Damen Shipyards Gorinchem.   The two vessels, named SeaZip 3 and SeaZip 4,

Damen Delivers Stan Patrol Vessel to RBDF

The Royal Bahamas Defence Force (RBDF) has taken delivery of the fourth and final Stan Patrol 4207, named HMBS Rolly Gray. The four Stan Patrol 4207s form part of the six-year Sandy Bottom project.

Technology

BMT Partners with Aage Hempel

BMT SMART (BMT),  has announced  that Aage Hempel has become an accredited service partner.  This agreement will provide both organizations with the opportunity

US to Test 'Submarine' Drone That Can Launch from Ocean Floor

USA’s Defense Advanced Research Projects Agency (DARPA) is testing a drone that can hibernate on the ocean floor for years at a time before being launched to the

World's Largest Ship: Pioneering Spirit Awaits Completion

Final construction aboard the world’s largest vessel, Pioneering Spirit (formerly named Pieter Schelte), is wrapping up in the Port of Rotterdam before the vessel

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3536 sec (3 req/sec)