Minesto AB MINEST

Minesto AB (FRA:7MN) narrows operating loss by 25% and achieves record Dragon 4 output, but infrastructure bottlenecks and funding needs remain key hurdles.

Following the Half-Year Report 2026, Minesto invites investors to a webinar, Tuesday 25 August at 1 pm (CEST). CEO Dr Martin Edlund will present and share key updates from Minesto, followed by a Q&A session.

CEO Dr Martin Edlund: "The first six months of 2026 have seen tangible progress across our business. We have verified electricity production performance over long production cycles, enhanced customer offerings, and multiplied our customer engagements.Our conviction is stronger than ever that tidal energy is moving from promise to reality, spearheaded by us."

Minesto implements organisational changes to enhance the commercial readiness of its service offering. Site installation and operations (installation and handling) will be managed through customer delivery projects, such as the Vestmanna Site Project, relying on Minesto's proprietary and proven methods and technology, but primarily delivered by external and local resources to enhance flexibility and efficiency. Technology development related to Operations methods and tools will be integrated int

Minesto today announces that the Dragon 4 power plant, upgraded with a new power-take-off (PTO) system that improves energy production throughout the tidal flow cycle, has delivered record breaking electricity generation over the summer in Vestmannasund, Faroe Islands. "We have now demonstrated what we believe to be the most efficient tidal energy power plant in the world in terms of energy conversion performance. This is proven through continuous production over several months," says Dr Martin

The Faroe Islands Space Program, the global communication campaign featuring the unique Minesto Dragons, has been awarded the Grand Prix at the Cannes Lions International Festival of Creativity 2026, recognising it as the world's most outstanding B2B creative campaign of the year. To date, the campaign has generated more than 800 million impressions, bringing significant global exposure to Minesto's Dragon technology. The Cannes Lions Grand Prix is the world's most prestigious creative award and

The Annual General Meeting of Minesto AB, held 23 June 2026, resolved to elect Philippe Kavafyan as a new member of the Board of Directors. With more than 30 years of experience in the international energy sector, including leadership roles in the wind industry and offshore projects, Philippe will contribute with strategic expertise, global networks and valuable insights to support Minesto's continued growth and expansion. "We are very pleased to welcome Philippe Kavafyan to Minesto's Board of D

The Annual General Meeting of Minesto AB was held today, 23 June 2026, at Hotel Riverton at Badhusgatan 26 in Gothenburg. Chairperson of the Annual General Meeting (the "AGM") was attorney Eric Ehrencrona from MAQS Advokatbyrå.