European sustainable-energy accelerator InnoEnergy has invested another million euros in Swedish tidal-power technology developer Minesto (having invested a total of 5.5 million euros in Minesto and its development of Deep Green tidal kites since 2015).

Martin Edlund, CEO of Minesto (www.minesto.com), said: “This is a clear sign of confidence from InnoEnergy in the capabilities of our organisation and in the potential of our disruptive clean-energy technology.

As a major investor in Minesto, InnoEnergy has played a crucial role for the company so far.

“Its ecosystem of key energy-sector stakeholders is a tremendous asset to us.”

Diego Pavia, CEO of InnoEnergy, said: “The transition to a more sustainable future must include a variety of clean-energy technologies, and ocean energy is the next frontier.

“With its key technological advantages, Minesto’s marine-energy technology can play a considerable role in this development.”