Minesto MINEST.ST · SEK

Its shares trade on Nasdaq Stockholm under the ticker MINEST.ST. It has been listed since 9 November 2015. In the fiscal year to 31 December 2025, it reported a net loss of SEK 36.6m. At that date it held total assets of SEK 652.6m and shareholders' equity of SEK 630.4m.

Minesto AB engages in the development of technology for the production of renewable electricity from tidal and ocean currents. The company is headquartered in Vaestra Froelunda, Vastra Gotalands. The company went IPO on 2015-11-09. The firm's product Deep Green, is a power plant that converts energy from tidal stream flows into electricity by way somewhat similar to the posture of a wind kite. The kite assembly, consisting of a wing and turbine, is attached by a tether to a fixed point on the ocean bed. As water flows over the hydrodynamic wind, a lift force is generated which allows the device to move smoothly through the water and for the turbine to rotate hence generating electricity. The firm has offices in Sweden, North Ireland and the United Kingdom. The firm is co-owned by SAAB, BGA Invest, Verdane Capital, Encubator and Midroc.

Figures and description from our data supplier, not checked against the company's own report.

• Mr. Jonas MillqvistIndependent Chairman of the BoardSEK 315,651
• Dr. Martin EdlundChief Executive Officer, Executive Director, since 2016SEK 2.5m
• Mr. Gustav KviblingChief Financial Officer
• Mr. Johannes HuffmeierChief Operating Officer
• Ms. Louise MarsdenChief Personnel Officer
• Mr. Bernt WestreChief Technology Officer
• Mr. David CollierChief Strategy Officer
• Mr. Hans LindstromChief Supply Chain Officer
• Ms. Cecilia SernhageChief Communications Officer
• Mr. Goran LinderDirectorSEK 157,500
• Mrs. Git Sturesjo AdolfssonDirectorSEK 157,500
• Mr. Joel LybertIndependent DirectorSEK 52,500

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