Insights

Innovative Technology Edge Minesto’s proprietary marine power plant technology, especially the award-winning Ocean Kite system capable of operating in low-flow tidal streams, presents a significant opportunity for companies seeking reliable and affordable offshore renewable energy solutions.

Strategic Market Expansion With operations in Sweden, Wales, and Taiwan, along with recent collaborations and projects in Australia and New Zealand, Minesto is actively expanding into emerging markets, opening sales channels to diversify geographic footprints and tap into new ocean energy markets.

Robust Financial Support The company's recent funding rounds, including a $10 million rights issue and a SEK 22 million loan from Fenja Capital, provide strong financial backing to scale deployments and accelerate market penetration, making it an attractive partner for strategic partnerships and large-scale projects.

Collaborative Industry Partnerships Partnerships with industry leaders like SKF and Hydrokite enable Minesto to leverage advanced technology collaborations and open channels for joint ventures, technology licensing, and co-marketing opportunities in the ocean energy sector.

Market Position and Growth Potential As a listed innovator on Nasdaq First North with a focus on cost-efficient ocean energy solutions, Minesto offers sales opportunities aligned with global trends toward renewable energy adoption, especially within marine and tidal sectors, driven by increasing emphasis on sustainability and decarbonization.

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
49%
First.Middle@minesto.comJohn.Michael@minesto.com
1%
First.Last@minesto.comJohn.Doe@minesto.com
49%
First.Middle@minesto.comJohn.Michael@minesto.com
1%

Frequently Asked Questions

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 January 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 January 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

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$10M

    Minesto's revenue is estimated to be in the range of $1M$10M

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$10M

    Minesto's revenue is estimated to be in the range of $1M$10M

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