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Minesto Collaborates TCCGE for Tidal and Ocean Current Energy Built

Minesto

Minesto, an ocean energy developer, has recently entered a collaboration agreement with Taiwan Cement Green Energy (TCCGE) for tidal and ocean current energy built out in Taiwan, establishing its market position in Asia.

This agreement covers assessments of the economic and technical feasibility of the selected sites, site development and applications for feed-in tariffs. The large share of fossils, about 95%, depends on the ocean energy resource in Taiwan. With advanced technologies, the energy transition in Taiwan is moving forward in this area. In 2022, it introduced a new ocean energy electricity feed-in tariff to support the renewable energy transition. Minesto would bring an innovative solution for renewable energy with unique underwater kites that are faster than a stream, generating clean electricity from the movement of water. It also provides site development, operations, service and maintenance.

CEO of Minesto, Dr. Martin Edlund said, "Taiwan Cement is an experienced and successful developer of renewable energy production in Taiwan with a strong focus on pioneering projects and an openness for new technologies. Minesto's Dragons are still in the early stage of commercial deployment, and that makes this collaboration even more valuable for us, them and Taiwan."

(Source – Cision PR Newswire)

Project Manager of Minesto Taiwan, Dr. Yung-Lung Chen said, "Our long-term commitment to Taiwan can finally bear fruit. We are looking forward to working with one of the strongest and most renowned companies in Taiwan to seek synergies in local production and supporting infrastructure while leveraging on Taiwanese manufacturing and technology strengths."

(Source – Cision PR Newswire)

About Minesto

Headquartered in Vastra Frolunda, Vastra Gotaland County, Minesto, renewable energy semiconductor manufacturing company offers solutions for technology development, ocean energy, tidal energy, renewable energy, engineering, offshore renewables, energy transition, climate change, and sustainability. It has been striving to decrease the global carbon footprint of the energy industry through commercial clean energy production from ocean currents and tidal streams since 2007. Its patented product Deep Green, a subsea kite technology, is a cost-effective measure of sustainability. It is listed on the Nasdaq First North stock exchange and operates in Sweden, Wales, Northern Ireland and Taiwan.

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