Marine energy company Minesto, recently given a €13M investment from the European Regional Development Fund through the Welsh Government, announced that they have received an additional €3.5M from KIC InnoEnergy.
Minesto receives a €3.5M capital injection from KIC InnoEnergy, a European company promoting innovation, entrepreneurship and education in the sustainable energy field. The funding is part of the overall development of the company. KIC IE invests in game changers with a different mindset, and bringing innovative products, services and successful companies to life. The collaboration was initiated in 2014 and has led to the largest single investment ever made by KIC IE in the field of ocean energy.