Marine energy company Minesto has partnered up with Swedish business delegation to present the benefits of ocean energy at the upcoming United Nations Climate Change Conference (COP27) taking place in Egypt in November.
The partnership provides good opportunities to disseminate knowledge on how the ocean’s energy-rich and 100% predictable tidal streams and ocean currents can be an important part of balancing the global energy system soon, Minesto said.
The company has signed an agreement with Business Sweden to participate as a partner in the Swedish delegation to COP27 , that will take place from November 7-18, 2022 in Sharm El-Sheikh.
The partnership gives Minesto the opportunity to reach out with information about its technology to international utility companies and governments, the company said.
Martin Edlund , CEO of Minesto, said: “We are proud to have been selected to join the Swedish pavilion at COP27 and be able to show the world how our underwater dragons that extract green energy from tides and ocean currents are part of the solution of the imperative climate challenge.
“Our technology is particularly suitable for coastal countries and island nations that are most susceptible to the changes brought about by increasing temperatures.”
Minesto’s power plants harness the energy of the ocean streams, making it possible to extract local, independent, and predictable energy.
“Our dragons are a great complement to other renewable energies. Since the ocean streams constantly, our power plants have the potential to generate green electricity round the clock. In this way, not only do we reduce carbon dioxide emissions, we also add stability to the energy system. Our presence at COP27 aims to firmly put predictable ocean energy on the global agenda,” concluded Edlund.
To remind, Minesto has recently started with the commissioning works for its second Dragon Class tidal power plant in Faroe Islands.