Minesto UK Ltd
About Minesto UK Ltd
Minesto is one of the world’s leading developers of innovative tidal power technology.
The company was set up in 2007 to commercialise a tidal energy converter initially invented by SAAB AB (the aircraft manufacturer). Known as ‘Deep Green’, Minesto’s device is an underwater kite designed to generate electricity by capturing power from low velocity tides and ocean currents. The company is on track to deliver its first full-scale Deep Green array. This array will be installed off the coast of Anglesey and scaled up to 10MW by 2020. Minesto is now setting up UK subsidiary to deliver the Deep Green 10MW project.
Minesto have been awarded over €13m for the commissioning of the first full-scale power plant by the European Regional Development Fund through the Welsh Government. Minesto enjoys continued commitment from both industrial shareholders Midroc New Technology and Nordic equity firm BGA Invest.
Minesto is an Equal Opportunities employer, specifically committed to gender diversity in the workplace and the equal treatment and acceptance of both males and females in an organization. Minesto opposes all forms of unlawful and unfair discrimination on the grounds of age, disability sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.