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Minesto to Join Sweden-backed Initiative to Advance Tidal Energy in Indonesia

MT Newswires·10/21/2026 05:07:07
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05:07 AM EDT, 10/21/2026 (MT Newswires) -- Minesto (MINEST.ST) was chosen to join the Sweden-Indonesia Sustainability Partnership, a Swedish government-backed initiative intended to advance tidal energy opportunities in Indonesia, according to a Wednesday release. As part of the partnership's Sustainable Energy Program, the Sweden-based marine energy technology company will work with Business Sweden to bring its tidal energy technology to commercial opportunities in Indonesia, including identifying strategic partners, facilitating financing access and advancing projects toward development. Minesto's patented tidal energy technology is designed to generate electricity from predictable tidal currents.