Minesto CEO Addresses Shareholders as Tidal Energy Developer Charts Course for Growth

Swedish marine energy developer Minesto AB convened its Annual General Meeting on 23 June 2026 in Gothenburg, with Chief Executive Officer Dr Martin Edlund delivering a recorded address to shareholders that has since been made available on the company's official YouTube channel. Minesto, which specialises in deep ocean tidal and ocean current energy technology, has been advancing its proprietary 'Dragon' series of underwater kite systems — devices that harness kinetic energy from slow-moving tidal streams and ocean currents to generate electricity. The technology is considered a potentially significant contributor to the renewable energy mix, particularly for island nations and coastal communities with access to consistent tidal flows. The AGM address comes at a pivotal period for the marine renewable energy sector, as governments and utilities across Europe and beyond intensify efforts to diversify clean energy portfolios beyond wind and solar. Tidal stream energy, while still at a comparatively early commercial stage, offers the advantage of high predictability — a characteristic that distinguishes it from intermittent renewable sources. Minesto has previously deployed systems in the Faroe Islands in partnership with the local utility SEV, marking a milestone in the commercial viability of its Dragon technology. The Faroese project has served as a proof-of-concept for grid-connected tidal kite generation, and the company has signalled ambitions to scale operations and pursue additional deployment sites. Dr Edlund's speech to shareholders, according to the company's PR Newswire release, is accessible via Minesto's YouTube channel, providing transparency to investors and industry observers tracking the company's progress. As the maritime and offshore energy industries continue to explore sustainable power generation from ocean resources, Minesto's annual update is being watched closely by stakeholders in the blue economy, offshore infrastructure, and renewable energy financing sectors.