Minesto and Trayen Power Partner to Tap Chile’s Ocean Energy Potential

Chile offers a unique landscape for ocean energy, characterized by strong natural currents and a significant demand for reliable power in isolated regions. By combining Minesto’s patented low-flow technology with Trayen Power’s local expertise, the collaboration seeks to address decarbonization needs across sectors like coastal infrastructure and aquaculture. The immediate roadmap focuses on site identification, feasibility assessments, and securing the necessary funding for commercial deployment.

Martin Edlund, CEO of Minesto, emphasized that partnering with established local entities is a pillar of the company's market-entry strategy. This approach allows for capital-efficient expansion into new geographies while building a technical foundation for future utility-scale arrays. Miguel Iturrate, CEO of Trayen Power, noted that the collaboration will prioritize moving the most promising project opportunities toward investment readiness, leveraging the strengths of both organizations to accelerate the transition away from imported fuels.