Sweden backs tidal energy


Sweden The Swedish Energy Agency has granted Minesto a SEK 5.8 million grant to continue commercializing Minesto’s groundbreaking Deep Green technology.

The tether system, which consists of the tether rope and communication and power cables, connects Minesto’s marine energy power plants to the seabed foundation. It is a one-of-a-kind subsystem of Minesto’s Deep Green technology that has a significant impact on the levelized cost of energy.

“This initiative is an integral part to scale up both the size of individual power plants and production volumes in numbers. There are great synergies with our existing projects and the ongoing procurement and manufacturing of the new Dragon Class power plants”, said Martin Edlund.