Result description
Tides can power cities using Minesto’s tidal kite technology, Deep Green. This scientific paper describes how the turbine of the first 500 kW Deep Green powerplant was substantially improved.
A turbine blade design for reducing drag forces while producing maximum torque, suitable for tidal kites. Computational studies and experimental results from tests in a cavitation tunnel are presented.
Addressing target audiences and expressing needs
- Grants and Subsidies
- Other blended financing
- Other type of Investment
Site developers for subsea power plants, Industrial energy developers and utility companies, also independent power producing companies
- Public or private funding institutions
- Other Actors who can help us fulfil our market potential
- Research and Technology Organisations
- Academia/ Universities
- Private Investors
R&D, Technology and Innovation aspects
The turbine was installed on Minesto’s DG500 powerplant, tested in open sea conditions in Holyhead Deep, Wales. Minesto is a company publicly listed on Nasdaq First North. We are looking for investors in site development projects in the Faroe Islands and elsewhere.
In order to utilise to the full the Company’s special expertise and intangible assets, the business model focuses on four income streams:
- Product sales
- Operation, service and maintenance
- Site assets
- Geographical licensing
We are at about TRL 7
Minesto’s mission is to develop and sell products for the sustainable and cost-effective extraction of renewable electricity from the ocean. Through the Company’s patented technology, Minesto’s products exploit a previously untapped global natural resource: lowvelocity ocean and tidal currents (<2.5 m/s).
- Global
Result submitted to Horizon Results Platform by MINESTO AB
