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Minesto raises €2m for testing tidal power kite

Minesto AB has raised over €2 million to test its Deep Green underwater tidal power kite off the coast of Northern Ireland in 2011.

The test aims to prove the functionality of the tidal power kite and support the cost of energy calculations.

Minesto was formed in 2007 to develop and commercialise plants using tides to generate electricity. The company is a spin-off from the Saab Group, which started to develop the product in 2003.

Deep Green

The underwater tidal kite consists of a turbine, generator, rudder, which is attached to the bottom with a tether.

It can produce energy in deep water with low flow velocity where no other known tidal technology can operate, Minesto says.

The tidal power kite is small in size and weight, making it possible to carry 0.5 MW works in the standard EU container.

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