Minesto Partners with Trayen Power to Tap Chile’s Tidal Energy Potential
Event summary
- Minesto AB signed an MOU with Chilean project developer Trayen Power to collaborate on tidal and ocean current energy projects in Chile.
- The partnership aims to identify and evaluate suitable sites, progress feasibility work, and secure funding for project development.
- Chile offers world-class tidal and ocean current resources, along with opportunities for both utility-scale projects and microgrids.
- Minesto’s Dragon Class technology will be the focus of the collaboration, targeting renewable electricity supply to local grids or industrial users.
The big picture
Minesto’s partnership with Trayen Power underscores the growing interest in tidal energy as a viable renewable resource, particularly in regions with strong tidal currents like Chile. The collaboration aligns with global efforts to decarbonize energy systems and reduce reliance on fossil fuels. Chile’s combination of remote energy systems and marine-based industries presents a strategic opportunity for Minesto to demonstrate the scalability and cost-efficiency of its technology.
What we're watching
- Market Expansion
- How Minesto’s collaboration with Trayen Power will accelerate its entry into Chile’s tidal energy market.
- Technology Validation
- Whether Minesto’s Dragon Class technology can be successfully deployed in Chile’s diverse tidal and ocean current environments.
- Funding Progress
- The pace at which the partnership secures funding for feasibility studies and project development.
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