As a part of the ongoing commissioning work of its DG100 tidal kite system at Vestmannasund, marine energy developer Minesto has reached the milestone of delivering electricity to the Faroese grid under the Power Purchase Agreement with utility monopoly SEV.
“We are very pleased that the project has reached the point where the Minesto DG100 delivers electricity to the Faroese grid,” Hákun Djurhuus, CEO of SEV stated. “Although this is still on trial basis, we are confident that tidal energy will play a significant part in the Faroese sustainable electricity generation. Unlike other sustainable sources, tidal energy is predictable, which makes it more stable than e.g. wind power.”
Minesto CEO Dr. Martin Edlund added: “This is a historic moment and a massive step forward for Minesto and the development of our unique product. We are particularly satisfied with the production performance level of the system. We are now looking forward to our continued operations in Vestmannasund and working with SEV on future development plans.”
In October, following the installation of project infrastructure, including the foundation, export cable and onshore control station, Minesto installed and commenced commissioning activities of its 100kW DG100 tidal kite system. The DG100 system consists of kite, tether, and bottom joint. The bottom joint provides a pivoting connection point with the foundation, allowing the kite to fly freely in its optimised figure-of-eight trajectory.
With the DG100 commissioning progress, Minesto now has initiated the process of generating renewable electricity from the tidal flows in Vestmannasund, using the Deep Green technology’s unique principle of enhancing the speed of the kite through the water to power homes connected to the Faroese grid.
“This is a valuable step towards establishing Minesto’s technology in the renewable energy business on par with more proven technologies such as offshore wind energy,” said Jonas Millqvist, Chairman of the Board of Minesto. “We now enter a phase where we move from single installations to array configurations, following the path of wind energy commercialisation. The operational progress and funding set-ups achieved to date give us a strong position to drive Minesto’s commercial development forward.”
Microgrid and utility-scale installations
Minesto and SEV have entered into a collaboration agreement to integrate tidal energy through Minesto’s Deep Green technology in the Faroe Islands. First step is the installation and operation of two grid connected DG100 systems in the Vestmannasund strait.
Minesto’s DG100 is a product for microgrids, targeting the off-grid and remote locations market both in the Faroe Islands and worldwide.
“After demonstrating the DG100 system in Vestmannasund, the joint ambition of SEV and Minesto is a large-scale buildout of both microgrid (<250kW) and utility-scale (>1MW) Deep Green systems in the Faroe Islands,” a Minesto statement read.
The long-term ambition is to make tidal energy a core energy source in the Faroe grid mix, to support the country’s policy goal of satisfying the entire electricity need with renewable energy by 2030, including onshore transport and heating.
Minesto has been granted public funding totalling approximately 3.5 million EUR through the EU’s EIC Accelerator and the Swedish Energy Agency for the implementation of the Vestmannasund project and the development of the DG100 marine energy converter.