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.<\/p>\n
On the technology side, we have achieved record levels of electricity production in Vestmanna, Faroe Islands. Stable production over several months feeding electricity to the national grid confirms both performance and reliability. The production volumes achieved are safely above the energy production volumes needed for successful financial modelling of our tidal project investments.<\/p>\n
The energy fed into the electric grid demonstrates that tidal energy delivers predictable and reliable electricity from a local and untapped natural resource. Every day of successful operation strengthens not only Minesto’s position, but also confidence in tidal energy as a valuable component of future energy systems. These production results are vital for ongoing commercial dialogues.<\/p>\n
We have built unique expertise in analyzing tidal resources, developing sites, installing systems and operating power plants in challenging marine environments. That experience has evolved into a unique strategic asset. We are increasingly engaging with customers, governments and investors not only as a power plant technology provider, but as a partner in pioneering the first tidal energy projects in a given market.<\/p>\n
Individual site projects in different geographic markets demand a tailored approach highly adaptive to the local context and conditions in order to be cost efficient and to fulfil customer requirements. For example, if a customer owns work boats, we adopt to use them for operations, and if the customers have technicians, we train them for involvement in service and operations.<\/p>\n
Therefore, we have chosen to integrate operational development into product and technology development and to fully integrate site development, installation and operations into the individual customer delivery projects. The result is a versatile customer offering, combining technology, methods, tools and know-how into a platform for commercial deployment, where cost efficiency and customer value added are drivers.<\/p>\n
The second quarter brought increased international recognition. The global exposure generated through the Faroe Islands Space Program campaign has placed tidal energy in front of decision-makers, investors and partners around the world. Winning “the Oscar of B2B commercials” together with SKF is a remarkable achievement.<\/p>\n
I also welcome Philippe Kavafyan to our Board of Directors. His vast experience and network in the energy sector, as well as his track record of bringing new technologies to market, strengthen our capability to scale internationally and navigate the ongoing commercial roll-out.<\/p>\n
The transition to a sustainable energy system will require more than incremental improvements to existing technologies. It will rely on new renewable resources and new ways of generating electricity. The belief that tidal energy is one of them is shared by a growing number of stakeholders and potential customers. We work relentlessly to establish tidal energy as a global energy sector. We do so from a position of growing strength, built on proven technology, expanding market opportunities and an unwavering belief that the tidal currents will become a major contributor to the world’s energy supply.<\/p>\n
\/Martin Edlund, CEO<\/p>\n","protected":false},"excerpt":{"rendered":"The first six months of 2026 have seen tangible progress across our business. We have verified electricity production…\n","protected":false},"author":2,"featured_media":149537,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[43],"class_list":["post-149536","post","type-post","status-publish","format-standard","has-post-thumbnail","category-faroe-islands","tag-faroe-islands"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/117129098500936123","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/149536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=149536"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/149536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/149537"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=149536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=149536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=149536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}