Insights

Innovative Technology Minesto's proprietary marine power plant operates efficiently in low-flow tidal streams and ocean currents, presenting a unique opportunity to supply specialized equipment, components, or maintenance services to support its deployment and scaling efforts.

Strategic Partnerships The company's collaborations with entities like SKF on the Luna LUNA 12 kite system and recent engagement with the European Investment Bank indicate an openness to technology partnerships and funding, paving the way for joint ventures, licensing, or supply chain collaborations.

Global Expansion Participation in international forums such as the Nordic-Taiwan Sustainable Energy Forum and operations in Wales and Taiwan suggest potential sales avenues across different markets, especially in regions prioritizing renewable ocean energy projects.

Funding & Growth Recent loan financing of SEK 22 million and $20 million in funding demonstrate momentum in scaling operations, offering opportunities to sell advanced ocean energy components, consulting, or project management services to support growth phases.

Market Leadership Having won awards such as the Gizmodo Science Fair for its tidal energy kite and being a pioneer in this niche, Minesto presents opportunities for high-tech equipment, research collaborations, and innovative solutions tailored to the emerging marine renewable sector.

Minesto Tech Stack

Minesto uses 8 technology products and services including Xero, Simulink, Amazon Web Services, and more. Explore Minesto's tech stack below.

  • Xero
    Accounting
  • Simulink
    Advanced Analytics And Data Science
  • Amazon Web Services
    Cloud Hosting
  • Drupal
    Content Management System
  • Osano
    Cookie Compliance
  • Priority Hints
    Performance
  • C++
    Programming Languages
  • Adobe Creative Suite
    Visualisation Software

Media & News

Minesto's Email Address Formats

Minesto uses at least 1 format(s):
Minesto Email FormatsExamplePercentage
First.Last@minesto.comJohn.Doe@minesto.com
97%
First.Middle@minesto.comJohn.Michael@minesto.com
3%

Frequently Asked Questions

Where is Minesto's headquarters located?

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Minesto's main headquarters is located at 6 Vita Gavelns Vag Västra Frölunda, Västra Götaland 426 71 Sweden. The company has employees across 2 continents, including EuropeNorth America.

What is Minesto's stock symbol?

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Minesto is a publicly traded company; the company's stock symbol is MINEST.ST.

What is Minesto's official website and social media links?

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Minesto's official website is minesto.com and has social profiles on LinkedIn.

What is Minesto's NAICS code?

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Minesto's NAICS code is 2211 - Electric Power Generation, Transmission and Distribution.

How many employees does Minesto have currently?

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As of April 2026, Minesto has approximately 47 employees across 2 continents, including EuropeNorth America. Key team members include Chief Executive Officer: M. E.Cfo: F. A.Chief Operations Officer: J. H.. Explore Minesto's employee directory with LeadIQ.

What industry does Minesto belong to?

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Minesto operates in the Renewable Energy Power Generation industry.

What technology does Minesto use?

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Minesto's tech stack includes XeroSimulinkAmazon Web ServicesDrupalOsanoPriority HintsC++Adobe Creative Suite.

What is Minesto's email format?

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Minesto's email format typically follows the pattern of First.Last@minesto.com. Find more Minesto email formats with LeadIQ.

How much funding has Minesto raised to date?

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As of April 2026, Minesto has raised $20M in funding. The last funding round occurred on May 01, 2015 for $15M.

When was Minesto founded?

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Minesto was founded in 2007.

Minesto

Renewable Energy Power GenerationVästra Götaland, Sweden11-50 Employees

Minesto is a leading ocean energy technology company on a mission to minimise the global carbon footprint of the energy industry by enabling commercial power production from the ocean. 

Minesto’s award winning and patented product is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents, to provide affordable and predictable renewable energy.

The company was founded in 2007 as a spin-off from aircraft manufacturer Saab. Today, listed on the Nasdaq First North stock exchange with some 60 employees and operations in Sweden, Wales, and Taiwan, Minesto is a driving force in the creation of an emerging renewable energy industry. 

Join us as we fly to new depths and harness the vast potential of the oceans!

Section iconCompany Overview

Headquarters
6 Vita Gavelns Vag Västra Frölunda, Västra Götaland 426 71 Sweden
Stock Symbol
MINEST.ST
NAICS Code
2211 - Electric Power Generation, Transmission and Distribution
Founded
2007
Employees
11-50

Section iconFunding & Financials

  • $20M

    Minesto has raised a total of $20M of funding over 2 rounds. Their latest funding round was raised on May 01, 2015 in the amount of $15Mas a investment.

  • $1M

    Minesto's revenue is estimated to be in the range of $1M

Section iconFunding & Financials

  • $20M

    Minesto has raised a total of $20M of funding over 2 rounds. Their latest funding round was raised on May 01, 2015 in the amount of $15Mas a investment.

  • $1M

    Minesto's revenue is estimated to be in the range of $1M

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