Wave energy developer Minesto receives Swedish Energy Agency funds

Minesto Deep Green Wave Energy Turbine

Swedish wave energy developer Minesto and its partners have been granted research funding worth US$670,000 by the Swedish Energy Agency to help further work on its Deep Green technology.

The company has spent the last three years performing quarter-scale tests off the cost of Northern Ireland's Strangford Lough while simultaneously working to launch its first full-scale plant in Holyhead Deep west of Anglesey, North Wales.

"The Swedish Energy Agency's decision to grant funds for these two projects is a clear sign of confidence in the potential of our technology and in Minesto's ability to realize it," Minesto chief technology officer Dr. Heije Westberg said. "These are research funds earmarked for strengthening the further development of Deep Green. The knowledge that will be generated in the projects benefit us, our partners in the project, and hopefully the whole sector of marine energy."

HydroWorld.com recently reported that Minesto had been awarded $1.13 million from KIC InnoEnergy, adding to a $3.84 million investment last September.

The group was also awarded a US$14.8 million investment from the European Regional Development Fund for Deep Green's commercial rollout in May 2014, which helped lead to an order with Schottel Hydro to manufacture a prototype unit in April.

Minesto has previously said it expects to deploy its first Deep Green units at Holy Head deep in Summer 2017. The tidal energy site will launch with a commercial-scale 0.5-MW power plant, with plans to expand the array to 10 MW.

For more marine hydrokinetic news, visit here.

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