Swedish marine energy developer Minesto takes steps to include concepts related to offshore operations in its already strong patent portfolio. The increased scope of intellectual property will enable Minesto to create licensing deals for installation, operations and maintenance of Deep Green systems, while also increasing the earnings potential for each sold device.
“The uniqueness of our technology makes it possible for us to build intellectual property and protect concepts related to installation and operations and maintenance (O&M)”, says Martin Edlund, CEO of Minesto.
Minesto’s existing patent portfolio consists of ten patent families that protect both the fundamental principle of the Deep Green technology and its key subsystems. Recently, Minesto filed its first patent for offshore operations related to the Deep Green technology and going forward, the Swedish marine energy developer aims to widen the patent portfolio to include the scope of installation and O&M.
“This is an integral part of our business model and by licensing O&M concepts, we enable continuous revenue streams from sold and installed Deep Green systems”, says Martin Edlund.
As much as half of an array of Minesto devices’ cost of energy derives from installation and O&M. Building intellectual property assets in this area is therefore long term strategically important.