Inactive Instrument

Company Minesto AB Nasdaq Stockholm

Independent Power Producers

End-of-day quote Nasdaq Stockholm
- ^SEK	-

08-25	Minesto - Half-Year Report 2026	FW
08-20	Minesto narrowed its operating loss in the first half-year, CEO: we have made tangible progress across the business	FW

Business description: Minesto AB

Minesto AB is a Sweden-based company engaged in the development of tidal energy devices. The Company's product Deep Green, is a power plant that converts energy from tidal stream flows into electricity by way somewhat similar to the posture of a wind kite. The kite assembly, consisting of a wing and turbine, is attached by a tether to a fixed point on the ocean bed. As water flows over the hydrodynamic wind, a lift force is generated which allows the device to move smoothly through the water and for the turbine to rotate hence generating electricity. The Company has offices in Sweden, North Ireland and the United Kingdom. The Company is co-owned by SAAB, BGA Invest, Verdane Capital, Encubator and Midroc.

Sales by Activity: Minesto AB

Fiscal Period: December	2020 (SEK)	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)
Electric Equipment	40.06M	38.76M	42.82M	41.78M	25.71M

See all business segments

Executive Committee: Minesto AB

Manager	Title	Age	Since
Martin Johan Edlund CEO	Chief Executive Officer	57	03/02/2016
Alexander Jancke DFI	Director of Finance/CFO	-	01/10/2025
Bernt Erik Westre CTO	Chief Tech/Sci/R&D Officer	-	15/09/2017
Louise Marsden HRO	Human Resources Officer	-	-
Hans Lindström PRN	Corporate Officer/Principal	-	07/06/2023

See MINESTO AB governance

Composition of the Board of Directors: Minesto AB

Director	Title	Age	Since
Göran Harald Linder BRD	Director/Board Member	64	13/07/2009
Martin Johan Edlund CHM	Chairman	57	01/01/2008
Jonas Millqvist CHM	Chairman	65	-
Per Andreas Gunnarsson BRD	Director/Board Member	52	19/09/2007
Joel Lybert BRD	Director/Board Member	51	07/06/2023
Philippe Kavafyan BRD	Director/Board Member	59	23/06/2026

Composition of the Board of Directors

Shareholders: Minesto AB

Name	Stocks	%	Valuation
Corespring New Technology AB 13.33 %	34,670,981	13.33 %	5 M kr
Martin Johan Edlund 0.2411 %	627,209	0.2411 %	97 851 kr
FPM Frankfurt Performance Management AG 0.0732 %	190,288	0.0732 %	29 687 kr
Bernt Erik Westre 0.0709 %	184,365	0.0709 %	28 763 kr
Cecilia Sernhage 0.023 %	59,874	0.023 %	9 341 kr

List of MINESTO AB shareholders

Company details: Minesto AB

Minesto AB

J A Wettergrens gata 14

421 30, Västra Frölunda

+46 31 29 00 60

http://www.minesto.com

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