Minesto AB

Minesto AB

Minesto AB

Minesto is a marine energy technology developer, founded in 2007 as a spin-off from Swedish aerospace manufacturer Saab. Since then, Minesto has successfully developed the unique Deep Green technology. The company has operations in Sweden, Wales and Northern Ireland, with headquarters in Gothenburg, Sweden. Main owners are BGA Invest and Midroc New Technology. The Minesto share is listed on the Nasdaq First North stock exchange. Minesto develops a revolutionary concept for producing electricity from the ocean. The technology, called Deep Green, unlocks an untapped renewable energy resource. The ocean forms one of the largest yet least explored renewable energy sources on earth. Ocean energy has the potential for providing a substantial amount of new renewable and reliable energy around the world.

Company details

Vita gavelns väg 6 , Västra Frölunda , 426 71 Sweden
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Business Type:
Industry Type:
Renewable Energy
Market Focus:
Globally (various continents)

The Minesto team of more than 50 professionals has a mix of core technical skills and extensive experience in bringing new technology to the market. In many connected areas of expertise, we have teamed up with world-leading companies and research institutes, who contribute to the R&D on a daily basis.

The R&D team of experienced engineers represent a wide range of backgrounds that together cover key technology areas for Minesto, such as control-system design, hydrodynamics, simulation and testing and mechanical construction.

Members of the team have previously worked in high-tech start-up settings and with technology-powerhouses such as Saab Aircraft, Volvo Truck Corporation and Bofors Missile Systems.

We aim to become the world’s leading developer of tidal and ocean current power plants.


Power to Change the Future.


We enable large scale electricity production globally from areas where no other known renewable technology can operate, which will significantly increase sustainability and security of supply.

We offer products for power production from the oceans that will supply customers with clean, reliable, and predictable electricity at highly competitive costs.

We constantly improve our products in order to provide the most sustainable solutions from a life cycle perspective, and by doing so we contribute to a better world.

Our company values

Minesto as a whole, its employees and partners shall act responsibly in terms of environmental stewardship, social responsibility and business ethics.

We provide the world with a clean and sustainable technology. In doing so, we must make sure our operations do not compromise this key aspect of our customer offer.

This means that in all our operations and dealings with partners, suppliers and customers we hold ourselves accountable to the highest standards of business ethics and professionalism.

We believe these values are at the core of attracting and keeping talent as well as building a strong brand for the future.