Minesto Partners with Chile's Trayen Power to Advance Tidal and Ocean Current Energy Projects

## Minesto Eyes Chilean Market with Trayen Power Partnership Swedish ocean energy pioneer Minesto has entered into a Memorandum of Understanding (MOU) with Chilean project developer Trayen Power, the company announced on 14 October 2026, signalling a strategic push into one of South America's most promising marine energy markets. The collaboration agreement is designed to identify and capture business opportunities in the development of tidal and ocean current energy projects across Chile, according to a PR Newswire release issued by the Gothenburg-based company. ### Why Chile? Chile's geography makes it a compelling target for ocean energy development. The country boasts one of the world's longest coastlines, stretching more than 6,400 kilometres along the Pacific Ocean, and is home to powerful tidal channels — particularly in the Patagonia region — that are well-suited to the kind of low-velocity current energy extraction at which Minesto's proprietary 'Deep Green' technology excels. Chile has also established itself as a regional leader in renewable energy ambition, with government targets aimed at achieving carbon neutrality by 2050. Ocean energy, still an emerging sector globally, is increasingly viewed as a complementary baseload resource to intermittent wind and solar generation. ### Minesto's Technology Minesto's Deep Green system operates similarly to an underwater kite, using tidal and ocean currents to generate electricity. Unlike conventional tidal turbines, the technology is designed to function in lower-velocity currents, significantly expanding the range of viable deployment sites. The company has demonstrated the technology commercially in the Faroe Islands and has been actively pursuing international market expansion. ### Strategic Significance The partnership with Trayen Power provides Minesto with local project development expertise and market access, which are critical factors for navigating regulatory frameworks and stakeholder engagement in a new jurisdiction. For Trayen Power, the agreement offers access to proven ocean energy technology as Chile looks to diversify its renewable energy portfolio beyond wind and solar. While the MOU represents an early-stage commitment rather than a binding project agreement, it underscores growing international interest in commercialising marine energy resources and positions both companies ahead of what could become a competitive market as Chile's energy transition accelerates. Further details regarding specific project sites, timelines, and investment frameworks are expected to be disclosed as the collaboration progresses.