Minesto, Trayen Power Collaborate on Chilean Ocean Energy Projects

GOTHENBURG, Sweden, Oct. 14, 2026 /CourierPR/ -- Minesto and Trayen Power have signed a Memorandum of Understanding (MOU) to collaborate on the development of tidal and ocean current energy projects in Chile. The move marks a significant step for Minesto, a leading ocean energy developer, as Chile represents a particularly attractive market for the company, combining world-class tidal and ocean current resources with both large utility arrays and microgrid opportunities.

Minesto's Dragon Class technology, which is the only verified marine power plant that operates cost-efficiently in areas with low-flow tidal streams and ocean currents, will be the focus of the collaboration. The initial focus will be on identifying and evaluating suitable sites, progressing feasibility work, and securing funding for project development. The long-term objective is to develop tidal and ocean current energy production, supplying renewable electricity to the local grid or directly to local energy users.

Chile is an interesting new market for Minesto, where the company sees opportunities for both utility-scale projects and applications supplying local industrial energy users. Establishing collaboration with a strong local partner is central to Minesto's market-entry model, and together with Trayen Power, they can now progress concrete site opportunities and build the technical and commercial basis for Dragon projects in Chile.

Trayen Power, a Chilean energy project developer focused on advancing innovative renewable energy solutions, will provide the local market expertise, stakeholder engagement capabilities, and project development experience needed to accelerate the deployment of new clean energy technologies in Chile.

Minesto's Dragon technology provides an exciting opportunity to develop tidal and ocean current resources in Chile. Through this collaboration, Minesto combines its technology and experience with Trayen Power's local project development capabilities. Their immediate focus is to identify the strongest project opportunities and progress them through feasibility and towards investment.

Minesto was founded in 2007 and has operations in Sweden, the Faroe Islands, Wales, and Taiwan. Major shareholder is Corespring New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission.