Minesto strengthens market activities in Australia and New Zealand by partnering with local project developer

March 15, 2024 07:15 PM AEDT | By Cision

Minesto strengthens market activities in Australia and New Zealand by partnering with local project developer — Image source: Kalkine Media

Recent News

Connection, Joy, Gizmo: Dr. Joya Griffin

Discover Financial Services lowered to Hold at Jefferies

Cataño Reciclará Botellas De Vidrio Que Serán Usadas En La Confección...

Albertsons upgraded: Analyst sees investors seeking cheap, defensive s...

GOTHENBURG, Sweden, March 15, 2024 /PRNewswire/ -- Minesto, leading ocean energy developer, strengthens the market activities in Australia and New Zealand by signing collaboration agreement with a new business partner, Hydrokite Project Development. The new partner is established fit-for-purpose to exclusively bring Minesto's technology to these new markets.

Minesto expands the market activities in Australia and New Zealand by signing local business partner Hydrokite Project Development to spearhead market entry activities in the region. Adding to the potential project portfolio, the Australian island state of Tasmania is the initial focus, with further potential development sites in the Northern Territory, Western Australia and New Zealand also under consideration.

"This is a logic follow-through of our strategy to establish markets through partnerships and acknowledging the need for local connections and know-how. It also aligns well with our strategy to be a tech provider with services, while engaging in site development through partnerships, to limit financial exposure and benefit from existing local relationships," said Dr Martin Edlund, CEO of Minesto.

Manuel Sessink is the founder and CEO of Hydrokite Project Development and brings over 25 years of extensive experience in the offshore energy industry. Over the past decades, Manuel has held senior executive leadership positions with major players in the energy industry, including BHP, Santos, and INPEX.

"I look forward to our partnership and to bring Minesto's unique tidal power generating technology to Australia and New Zealand", says Manuel Sessink.

For additional information, please contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
[email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/minesto-ab/r/minesto-strengthens-market-activities-in-australia-and-new-zealand-by-partnering-with-local-project-,c3946515

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.