2010-01-29 12:21:03 -

Minesto has been selected to present at CleanEquity Monaco 2010, the foremost
event for next generation clean and green technology. The conference takes place
March 4th and 5th at the Sporting d'Hiver, Monaco.

Minesto, a Swedish and UK based company, develops new technology for electricity
generation from slow water currents. This niche opens up entirely new areas for
electricity production from the seas. In the UK, the estimated power from tides
increases from around 22 TWh to 40 TWh, which corresponds to 3.8 million
additional households.

The Deep Green device is a radically new principle for energy extraction from
the ocean. It is the next generation of tidal power plant that can provide
electricity to a broad range of countries worldwide. The new technology will
contribute to a substantial increase of   power from the tides with its ability to
produce energy from areas where other technologies are less efficient. The main
reason for this is the extended site areas available when looking at sites with
a current velocity of 1.2-2.2m/s and depths between 60-120 meters. In the UK,
Deep Green alone adds 18 TWh of electricity potential utilised from tides.

In 2007 the technology was evaluated and taken up in the Marine Energy
Accelerator (MEA) program by The Carbon Trust in a bid to accelerate the move to
a low carbon economy. Approximately 60 technologies have been evaluated; only 2
have been accepted into the program. Carbon Trust is an independent company, set
up by the UK Government in 2001 aiming to accelerate the commercialisation of
cost efficient marine energy technologies.

"The Minesto device is a key component in the Carbon Trust's strategy to develop
novel devices which represent the next generation of marine renewable energy,"
said Tom Delay, chief executive of the Carbon Trust.

Minesto's technology originates from the wind department at SAAB Group in
Sweden. It was quickly determined that the concept was more suited for water,
which is 832 times more dense than air.  Since it was then beyond SAAB's core
business it was spun out and Minesto was formed in 2007. Today the company has
proven the concept and is now ready to commercialise the technology.

"To be selected to present at CleanEquity Monaco proves once again that Minesto
have a revolutionary technology and the ability to commercialise it," says
Anders Jansson, CEO of Minesto.

Anders Jansson
info@minesto.com <mailto:info@minesto.com>
+46 31-7602102
www.minesto.com <http://www.minesto.com/>



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