Marine energy technology developer Minesto AB was honored as the 2014 recipient of the Wallenius Wilhelmsen Logistics (WWL) Orcelle Award at the Ocean Exchange's recent conference in Savannah, Ga.
The award and an accompanying US$100,000 price recognize the Swedish company for demonstrating the greatest potential to "accelerate sustainability with applicability across multiple industries", particularly with regard to its "Deep Green" generating units.
Minesto was selected from a pool of 145 entries by a panel of 250 delegates in a variety of industries.
"We are proud to receive this very prestigious international award," Minesto CEO Anders Jansson said. "It is rewarding to know that industry experts think that a marine energy company like MInesto deserves to win this. It also shows that industry experts are curious about, and impressed by, the success we have had with Deep Green and the fact that we now produce electricity from low-velocity currents."
A quarter-scale prototype of a Deep Green unit is currently producing power in Northern Ireland's Strangford Lough.
HydroWorld.com reported in September that Minesto and Atlantis Resources Ltd. were awarded close to $960,000 from the Eurostars Programme to help advance tidal energy technology.
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