Minesto is a pioneering company in the renewable energy sector, focusing on generating electricity from ocean currents and tidal streams. The company has developed an innovative technology called Deep Green, which harnesses energy from slow-moving tidal streams and ocean currents, a resource that has been largely untapped until now. This technology has been successfully demonstrated with a 500 kW commercial-scale unit and has the potential for global expansion, with an estimated 600 GW of installed capacity.

Minesto primarily serves governments, utility companies, and organizations involved in renewable energy projects. The company operates in the marine energy market, which is a subset of the broader renewable energy sector. This market is gaining traction as countries and companies worldwide seek sustainable and reliable energy sources to meet their energy needs and reduce carbon emissions.

The business model of Minesto revolves around the development, deployment, and maintenance of its Deep Green technology. The company generates revenue through the sale and licensing of its technology, as well as through long-term power purchase agreements (PPAs) with utility companies and governments. These agreements ensure a steady stream of income as Minesto's technology generates electricity that is fed into the grid.

Minesto's recent projects include a significant tidal energy initiative in the Faroe Islands, which aims to contribute to the region's goal of achieving 100% renewable energy by 2030. The company's participation in global events such as Wales Tech Week and Vator Securities' investor event highlights its commitment to expanding its reach and showcasing its groundbreaking technology to potential investors and partners.

In summary, Minesto is at the forefront of marine energy innovation, providing a unique solution to harness the power of ocean currents and tidal streams. The company is well-positioned for global expansion and plays a crucial role in the transition to renewable energy.

Keywords: renewable energy, ocean currents, tidal streams, Deep Green technology, marine energy, electricity generation, global expansion, Faroe Islands, power purchase agreements, sustainable energy.