Minesto
Updated: May 03, 2026
Founder Magnus Landberg
Country: Sweden | Funding: $80.8M (+)
Founded: 2007
Website: https://minesto.com/
Minesto has developed a technology that generates electricity from predictable tidal currents which is similar to a kite flying in the wind. Its power plant consists of a wing mounted with a turbine, directly connected to a generator in the nacelle. A control system steers the boat along a predetermined trajectory by moving the rudders and ailerons at the rear of the kite. The wing uses the hydrodynamic lift generated by the underwater current to propel the kite. Thanks to the onboard control system, the kite autonomously steers along a predetermined figure-eight trajectory, moving the turbine through the water at a flow speed several times greater than the actual current. The turbine shaft rotates a generator, which supplies electricity to the grid via a power cable in the tether and a bottom cable to the shore. The concept has already been demonstrated and proven.
Founded: 2007
Website: https://minesto.com/
Minesto has developed a technology that generates electricity from predictable tidal currents which is similar to a kite flying in the wind. Its power plant consists of a wing mounted with a turbine, directly connected to a generator in the nacelle. A control system steers the boat along a predetermined trajectory by moving the rudders and ailerons at the rear of the kite. The wing uses the hydrodynamic lift generated by the underwater current to propel the kite. Thanks to the onboard control system, the kite autonomously steers along a predetermined figure-eight trajectory, moving the turbine through the water at a flow speed several times greater than the actual current. The turbine shaft rotates a generator, which supplies electricity to the grid via a power cable in the tether and a bottom cable to the shore. The concept has already been demonstrated and proven.
