Insights

Strategic Alliances Minesto is actively engaging with high-profile financial and governmental partners, including the European Investment Bank and Nordic-Taiwan Sustainable Energy Forum participation, indicating a potential channel for joint funding discussions, project pipelines, and international collaboration opportunities that can be leveraged for new ocean energy deployments.

Commercial Deployment The company has demonstrated operational megawatt-scale tidal energy deployment (notably in the Faroe Islands) and aims to expand commercial power production from the ocean, signaling a strong use case for utilities, regional energy developers, and grid operators seeking scalable marine energy solutions.

Funding Leverage Recent loan financing rounds and working capital support from Fenja Capital suggest readiness for project execution and market expansion, presenting opportunities to discuss project finance, debt facilities, and blended funding for potential customers and partners.

Technological Capability Minesto’s patented and award-winning kite-based technology enables cost-efficient power in low-flow ocean environments, which can be pitched to markets with limited tidal resources, creating a compelling value proposition for regions or customers seeking predictable renewable energy without costly infrastructure.

Global Outreach With operations in Sweden, Wales, and Taiwan and active participation in international forums, Minesto presents a scalable partner network for regional developers, EPCs, and research institutions interested in integrating marine energy into diversified energy portfolios.

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Minesto Tech Stack

Minesto uses 8 technology products and services including Xero, MATLAB, Amplitude, and more. Explore Minesto's tech stack below.

Media & News

Minesto's Email Address Formats

Minesto uses at least 2 email formats:
Minesto Email FormatsExamplePercentage
First.Last@minesto.comJohn.Doe@minesto.com
97%
First.Middle@minesto.comJohn.Michael@minesto.com
3%

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.

How much revenue does Minesto generate?

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As of August 2026, Minesto's annual revenue is estimated to be $1M - $10M.

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 August 2026, Minesto has approximately 45 employees across 2 continents, including Europe and North America. Key team members include Chief Executive Officer: M. E., Cfo: F. A. and 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 Xero, MATLAB, Amplitude, Adobe Creative Cloud, WordPress, Osano, Shopify and Microsoft 365.

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 August 2026, Minesto has raised $81M in funding. The last funding round occurred on Jan 30, 2026.

When was Minesto founded?

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Minesto was founded in 2007.
Minesto logo

Minesto

Renewable Energy Power GenerationVästra Götaland, Sweden11-50 Employees

Minesto develops ocean energy technology with the aim of turning marine environments into reliable electricity sources. Its primary offering is a marine power system that can generate power in low-flow tidal streams and ocean currents, delivering energy that is affordable and predictable. The company was founded in 2007 as a Saab spin-off and now operates in Sweden, Wales, and Taiwan.

Based in Gothenburg, Västra Götaland, Minesto sits within the renewable energy power-generation sector and seeks to advance offshore marine energy deployments. In 2025 the company achieved a milestone by deploying a megawatt-scale tidal energy system in the Faroe Islands, reflecting progress in its commercial-scale ambitions.

Section iconCompany Overview

Stock Symbol
MINEST.ST
NAICS Code
2211 - Electric Power Generation, Transmission and Distribution
Founded
2007
Employees
11-50

Section iconFunding & Financials

  • $81M

    Minesto has raised a total of $81M of funding over 18 rounds. Their latest funding round was raised on Jan 30, 2026 as a Grant.

  • $1M - $10M

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

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