Tidal Energy Firm Minesto Tapped for Site Development Services in Asia

OE Staff
Friday, January 13, 2023

Tidal energy technology company Minesto said Friday it had received its first historic sales order for site development services,.

The order includes Minesto's Dragon Class tidal energy powerplants and comes from an unnamed "major corporation in the  Asian offshore energy sector."

"Minesto has been contracted to support a leading Asian corporation in the offshore energy sector for the evaluation of a tidal-current site targeting the deployment of Minesto Dragon Class tidal energy powerplants. The work is planned to be completed in the first quarter of 2023 and has an initial order value of EUR 35 000," Minesto said.

Minesto will assist the company with site identification and evaluation based on its hands-on experience from existing sites in Wales, U.K., and the  Faroe Islands.

 "Given the unique production site characteristics of our technology, it is vital that we now offer these services to third-party project developers, in addition to our own ongoing site development activities,” says Dr Martin Edlund, CEO of Minesto.

Site development is the initial step for the offshore energy sector to enter the ocean renewable value chain. Offshore operators also bring complementary strengths to Minesto with their established marine operations and experience in large energy infrastructure projects, Minesto said.

"It is most valuable for us that site identification and feasibility services engage independent project investors and energy project developers. Willingness to procure site identification and assessment is key to our product sales and large-scale build-out. A milestone has been reached in the Asian market,” Edlund said.

How does Minesto technology work?
©Minesto

Minesto’s Deep Green technology generates electricity from low-flow tidal streams and ocean currents using a unique and patented principle similar to a stunt kite flying in the wind.

The wing uses the hydrodynamic lift force created by the underwater current to move the kite. With an onboard control system and rudders, the kite is autonomously steered in a predetermined figure eight, pushing the turbine through the water. By doing so, the turbine experiences a water flow several times higher than the actual stream speed.

The turbine diffuses power to the generator, which outputs electricity via the power cable in the tether. The seabed umbilical transfers the electricity to the onshore connection.


Categories: Offshore Energy Engineering Industry News Activity Asia Tidal Energy Tidal Power

Related Stories

Petronas to Proceed with South China Sea Oil and Gas Exploration

CNOOC Kicks Off Production from Bohai Bay Field

Joint Venture Partners Ink Commercial Deals to Develop Gas Reserves at Azerbaijan’s ACG Field

First Oil Starts Flowing at CNOOC’s South China Sea Field

ADNOC Signs 15-Year LNG Supply Deal with Indian Oil

CNOOC Brings Online Another South China Sea Field

Indonesia Green Lights Eni Gas Projects

Valeura Set to Restart Wassana Production Offshore Thailand

Shelf Drilling Sells Baltic Jack-Up Rig

Jadestone Energy Secures Four Shallow Water Fields Offshore Malaysia

Current News

Valeura Energy Consolidates Thai Oil and Gas Assets

TotalEnergies Inks 15-Year LNG Supply Deal with China’s Sinopec

Shelf Drilling Secures $200M Contract Extensions with Chevron for Thailand Ops

Floating Wind and the Taming of Subsea Spaghetti

Impending Shortage of Jackups within Ageing Asia Pacific Fleet

Equinor Tries Again for a Japan Offshore Wind Lease

Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery

Sunda Energy Pushes Back Chuditch-2 Appraisal Well Drilling Date

CNOOC Starts Production at Another Oil Field in South China Sea

ABS Takes Charge of Digital Twin Project for Petrobras’ FPSOs

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com