Minesto, a leading developer of marine energy, has been invited to the market development program BAPSEA (Business Acceleration Program Southeast Asia), which strengthens the company’s business development in the region. BAPSEA is a program run by the Energy Agency in collaboration with Business Sweden. The program runs for 18 months, starting in mid-March 2024. Minesto’s potential and value for the energy system in the region is motivation for participation.
BAPSEA aims to support Swedish companies with innovative solutions in energy and environmental technology to enter a new market in Southeast Asia. Through the 18-month program, Minesto will have access to resources, export consulting and networking opportunities with leading industry players, government representatives and potential cooperation partners in Southeast Asia.
“Being invited strengthens our opportunity to achieve market success in Southeast Asia. It is also a signal that our technology is considered valuable in contributing to the energy transition in one of the most challenging parts of the world, given the current dependence on fossil fuels”, comments Martin Edlund, CEO of Minesto.
For more information, please contact
Cecilia Sernhage, Head of Communications
+46 735 23 71 58
ir@minesto.com
About Minesto
Minesto is a leading technology developer in marine energy with the mission to minimize the global carbon footprint of the energy sector by enabling predictable commercial electricity production from the sea.
Minesto’s award-winning and patented product is the only verified marine power plant that can cost-effectively extract renewable energy from slow ocean and tidal currents.
With granted development funds of more than 45 million euros from, among others, the European Regional Development Fund, the European Innovation Council and InnoEnergy, Minesto is the EU’s largest investment in marine energy.
Minesto was founded in 2007 and operates in Sweden, the Faroe Islands, Wales and Taiwan. Minesto’s main owners are BGA Invest and Corespring New Technology. The company’s share (MINEST) is traded on the Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission.
Read more about Minesto at www.minesto.com.
Pictures and other press material can be downloaded via minesto.com/media
Financial information including reports, prospectuses and company descriptions is available at www.minesto.com/investor
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