After thirteen years as a member of the board, and four years as Chairman of Minesto, illustrious investor Bengt Adolfsson, has decided to retire. Git Sturesjö Adolfsson, as the CEO of BGA Invest, remains on the board and continues to actively contribute to Minesto’s development and success.  

BGA Invest entered Minesto as a lead investor in 2011 and has been the lead investor for over more than a decade, advancing Minesto’s innovation to the world’s most valuable ocean renewable energy technology.

Bengt Adolfsson has been a main driver in focusing board work and strategy discussions on customers and commercial partners. Mr Adolfsson’s strong track record of growing businesses also includes transforming Hilding Anders Group from a small-scale local business into today’s leading global bedding and mattress group with a billion-dollar turnover.

With a long and successful career, Bengt Adolfsson has decided to retire at the age of 75.

„Both personally and on behalf of the Minesto team, I would like to thank Bengt for his vital long-term commitment to Minesto and steadfast support on a journey that not always is straight and downhill“, said Dr Martin Edlund, CEO of Minesto.

BGA Invest and Bengt Adolfsson has not only contributed with financial resources as the lead investor with nearly 200 MSEK, but also lent significant support in board work.

“The world needs more investors like Bengt Adolfsson that truly push the renewable agenda with action,” said Dr Martin Edlund.

Git Sturesjö Adolfsson, CEO of BGA Invest, remains on the Minesto board and will continue to contribute to Minesto’s commercial roll-out.

About Minesto

Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling plannable commercial power production from the ocean.

Minesto’s award winning and patented product is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.

With more than €45 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union’s largest investment in marine energy to date.

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

Read more about Minesto at www.minesto.com

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