Minesto explores Taiwanese market

Martin Edlund (Photo: Minesto)

Chief Executive of the Swedish tidal energy developer Minesto has joined the Swedish Business Delegation that will attend the 32nd Taiwan-Sweden Joint Business Council Meeting to be held this month in Taipei, Taiwan.

Martin Edlund, Minesto’s CEO, is part of the Swedish business delegation led by Oscar Stenström, State Secretary to the Swedish Minister for EU Affairs and Trade, that will attend the Taiwan-Sweden Joint Business Council meeting with the aim of exploring business opportunities between Taiwan and Sweden.

This year’s meeting will address the theme on Smart Cities & Living and one of the focus areas is renewable energy, according to Minesto.

Edlund said: “Taiwan is one of Minesto’s primary markets; its large areas of low-velocity tidal and ocean currents fit our unique tidal energy technology Deep Green very well. Tidal technologies like ours create secure, domestic and sustainable energy production.

“We have been in dialogues with industry representatives in Taiwan regarding business collaborations and a first demo installation of Deep Green for a few years now. Our ambition is that the Joint Business Council Meeting will boost these dialogues as well as create new options for our market entry in Taiwan.”

The meeting, set for September 26, will gather Taiwanese and Swedish government officials, industry leaders and academia researchers who will present and discuss state-of-the-art innovation and technology for sustainable solutions.

Tidal and ocean currents have the potential to account for about 50% of Taiwan’s future energy needs, according to the National Taiwan Ocean University.

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