Minesto’s Dragon 12 tidal system hits ‘major’ production performance milestone

Minesto, an ocean energy developer, announced that its Dragon 12 tidal energy system (Luna), has met a “major” production performance milestone: a longer tether has enabled a 25% increase of power performance for its tidal kite technology, the company claims.

The Dragon 12 tidal system (Luna) is installed in Vestmannasund in the Faroe Islands. Following its recent upgrade and installation in mid-May, Minesto concluded that the system has met performance expectations.

Additionally, the company argues these results further validate the production volumes used in its businesses cases for commercial buildout in the Faroe Islands.

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“We are really pleased to have Dragon 12 in operation with increased performance in solid alignment with computer simulated predictions,” said Dr Martin Edlund, CEO of Minesto. “This underscores the electricity production volumes used in our Dragon farm business cases and thereby reduce investor risks.”

In addition to Dragon 12 showcasing technical performance, the production site in Vestmanna continues to serve as a live demonstration platform.

“With the generated Dragon 12 production data and solid build-out plans in place, we are eager to engage investors and partners in taking the next step towards the world’s first Dragon Farm – an array of Minesto’s unique power plants,” Edlund said.

Originally published by Sean Wolfe on Factor This