Home Marine Energy Minesto signs up with velocity program that backs entry into Southeast Asian market
March 8, 2024, by Nadja Skopljak
Swedish tidal energy designer Minesto is participating in a velocity program that is set to reinforce its company abilities in the Southeast Asia area.
Minesto’s Dragon Class tidal power plant (Courtesy of Minesto)
Minesto has actually been granted a location in business Acceleration Programme Southeast Asia (BAPSEA) joint program by the Swedish Energy Agency (SEA) and Business Sweden.
BAPSEA, which begins mid-March, is focused on supporting Swedish business with ingenious options in energy and sustainability to go into the Southeast Asian market.
Through the 18-month program, Minesto will have access to resources, assistance, and networking chances with market leaders, federal government authorities, and prospective partners in Southeast Asia.
“Being a part of the BAPSEA program enhances our capability to speed up market development in Southeast Asia. It likewise indicates that our innovation is considered an important contribution to the energy shift in among the most difficult parts of the world, offered the existing reliance on nonrenewable fuel sources,” stated Martin Edlund, CEO of Minesto.
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Minesto just recently reported it was updating its roadmap to a 200 MW tidal energy buildout in the Faroe Islands as an action to the growing need for renewable resource.
The news came soon after the business’s 25-ton Dragon 12 tidal energy kite was commissioned in the morning of February 9, providing the very first electrical energy to the nationwide grid in the Faroe Islands.
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