Month: February 2026

100 Percent of Sales Donated on March 25 “Day of Giving” To Send Athletes Nationwide to the 2026 Special Olympics USA Games in June

MANASQUAN, N.J., Feb. 26, 2026 /PRNewswire/ — Hoping to raise a record-breaking amount for a good cause this March, Jersey Mike’s Subs (“Jersey Mike’s” or the “Company”), a leading franchisor of fast-casual sandwich shops known for its fresh sliced and fresh grilled subs, asks customers to eat a sub and help local athletes across the U.S. attend the 2026 Special Olympics USA Games, June 20-26, at locations across Minnesota’s Twin Cities. (View/download b-roll)

For just the second time in the 16-year history of the Company’s March Month of Giving fundraising campaign, Jersey Mike’s owners and operators nationwide will support a single cause.

During the month of March, customers will have the option to round up their purchase to the nearest dollar or donate when placing their order. 

The fundraiser culminates with Jersey Mike’s “Day of Giving” on Wednesday, March 25, when more than 3,200 Jersey Mike’s restaurants across the country will give 100 percent of the day’s sales – not just profit – to the 2026 Special Olympics USA Games and the local state Programs attending the USA Games. (Watch commercial)

Jersey Mike’s hopes to raise even more for the non-profit organization than the record-breaking $30 million it raised during last year’s Month of Giving. To date, the Month of Giving campaign has raised more than $143 million for local charities since it began in 2011.

“As Jersey Mike’s celebrates our 70^th anniversary, it’s especially meaningful to recognize our long-standing partnership with the Special Olympics,” said Charlie Morrison, Chief Executive Officer of Jersey Mike’s. “As a presenting partner of the 2026 Special Olympics USA Games, we are proud to support a mission rooted in inclusion and opportunity, helping athletes shine both on and off the field. We invite everyone to join us in celebrating Special Olympics athletes during our Month of Giving.”

Jersey Mike’s has been involved in the Special Olympics USA Games since 1975. At this year’s Games, nearly 3,000 athletes will compete in 16 sports including athletics, gymnastics, swimming and basketball, with pickleball and cornhole making their debut.

For a list of participating restaurants in your area please visit our location listing by state.

About Jersey Mike’s
Founded in 1956 as Mike’s Subs with one location in Point Pleasant, New Jersey, Jersey Mike’s has grown into a premier franchisor with more than 3,200 locations in the U.S. and Canada. The Company has been recognized as one of the fastest-growing fast-casual restaurant chains in America, ranking #1 on Entrepreneur’s 2026 Franchise 500 and #6 on Yelp’s 2025 List of Fastest Growing Brands. 

Giving back is also core to Jersey Mike’s mission, and the Company was recognized on Forbes’ Best Brands for Social Impact List in 2025. In March 2025, the Company completed its 15th Annual Month of Giving, raising a record breaking $30 million and surpassing more than $143 million given to over 200 local charities since it began the tradition in 2011, reinforcing its commitment to being a beloved brand in its communities. Jersey Mike’s has also been ranked as the #1 Best Sandwich Chain in America in 2025 by Eat This, Not That! For more information, please visit jerseymikes.com and follow us on Facebook, Instagram, TikTok and X. 

About Special Olympics USA Games
The 2026 Special Olympics USA Games—scheduled for June 20-26, 2026, across Minnesota’s Twin Cities with sports competitions at the University of Minnesota and the National Sports Center in Blaine—is a national celebration of inclusivity, changing perceptions and the ability of the human spirit rising above limitations. The USA Games, with co-presenting partners Jersey Mike’s Subs and UnitedHealthcare, will be one of the biggest U.S. sporting events of the year, drawing tens of thousands of fans to celebrate the ability of 3,000+ incredible athletes from all 50 states as they compete in 16 Olympic-type team and individual sports. As a state with a long history of championing diversity, equity and inclusion, the USA Games now bring an unrivaled opportunity for Minnesotans to spark new energy around the Special Olympics movement and create a lasting legacy of positive change. 

Contact: Kyle Potvin, kpotvin@splashllc.com, 917-838-4500

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/celebrate-jersey-mikes-16th-annual-month-of-giving-in-march-for-special-olympics-302698245.html

SOURCE Jersey Mike’s Subs

100 Percent of Sales Donated on March 25 “Day of Giving” To Send Athletes Nationwide to the 2026 Special Olympics USA Games in June

MANASQUAN, N.J., Feb. 26, 2026 /PRNewswire/ — Hoping to raise a record-breaking amount for a good cause this March, Jersey Mike’s Subs (“Jersey Mike’s” or the “Company”), a leading franchisor of fast-casual sandwich shops known for its fresh sliced and fresh grilled subs, asks customers to eat a sub and help local athletes across the U.S. attend the 2026 Special Olympics USA Games, June 20-26, at locations across Minnesota’s Twin Cities. (View/download b-roll)

For just the second time in the 16-year history of the Company’s March Month of Giving fundraising campaign, Jersey Mike’s owners and operators nationwide will support a single cause.

During the month of March, customers will have the option to round up their purchase to the nearest dollar or donate when placing their order. 

The fundraiser culminates with Jersey Mike’s “Day of Giving” on Wednesday, March 25, when more than 3,200 Jersey Mike’s restaurants across the country will give 100 percent of the day’s sales – not just profit – to the 2026 Special Olympics USA Games and the local state Programs attending the USA Games. (Watch commercial)

Jersey Mike’s hopes to raise even more for the non-profit organization than the record-breaking $30 million it raised during last year’s Month of Giving. To date, the Month of Giving campaign has raised more than $143 million for local charities since it began in 2011.

“As Jersey Mike’s celebrates our 70^th anniversary, it’s especially meaningful to recognize our long-standing partnership with the Special Olympics,” said Charlie Morrison, Chief Executive Officer of Jersey Mike’s. “As a presenting partner of the 2026 Special Olympics USA Games, we are proud to support a mission rooted in inclusion and opportunity, helping athletes shine both on and off the field. We invite everyone to join us in celebrating Special Olympics athletes during our Month of Giving.”

Jersey Mike’s has been involved in the Special Olympics USA Games since 1975. At this year’s Games, nearly 3,000 athletes will compete in 16 sports including athletics, gymnastics, swimming and basketball, with pickleball and cornhole making their debut.

For a list of participating restaurants in your area please visit our location listing by state.

About Jersey Mike’s
Founded in 1956 as Mike’s Subs with one location in Point Pleasant, New Jersey, Jersey Mike’s has grown into a premier franchisor with more than 3,200 locations in the U.S. and Canada. The Company has been recognized as one of the fastest-growing fast-casual restaurant chains in America, ranking #1 on Entrepreneur’s 2026 Franchise 500 and #6 on Yelp’s 2025 List of Fastest Growing Brands. 

Giving back is also core to Jersey Mike’s mission, and the Company was recognized on Forbes’ Best Brands for Social Impact List in 2025. In March 2025, the Company completed its 15th Annual Month of Giving, raising a record breaking $30 million and surpassing more than $143 million given to over 200 local charities since it began the tradition in 2011, reinforcing its commitment to being a beloved brand in its communities. Jersey Mike’s has also been ranked as the #1 Best Sandwich Chain in America in 2025 by Eat This, Not That! For more information, please visit jerseymikes.com and follow us on Facebook, Instagram, TikTok and X. 

About Special Olympics USA Games
The 2026 Special Olympics USA Games—scheduled for June 20-26, 2026, across Minnesota’s Twin Cities with sports competitions at the University of Minnesota and the National Sports Center in Blaine—is a national celebration of inclusivity, changing perceptions and the ability of the human spirit rising above limitations. The USA Games, with co-presenting partners Jersey Mike’s Subs and UnitedHealthcare, will be one of the biggest U.S. sporting events of the year, drawing tens of thousands of fans to celebrate the ability of 3,000+ incredible athletes from all 50 states as they compete in 16 Olympic-type team and individual sports. As a state with a long history of championing diversity, equity and inclusion, the USA Games now bring an unrivaled opportunity for Minnesotans to spark new energy around the Special Olympics movement and create a lasting legacy of positive change. 

Contact: Kyle Potvin, kpotvin@splashllc.com, 917-838-4500

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/celebrate-jersey-mikes-16th-annual-month-of-giving-in-march-for-special-olympics-302698245.html

SOURCE Jersey Mike’s Subs

Registration is now open for the CAPABLE sessions in Farmington Hills, Grand Blanc and Detroit

DETROIT, Feb. 26, 2026 /PRNewswire/ — The Barbara Ann Karmanos Cancer Institute is partnering with Wayne State University (WSU) School of Medicine and three athletic facilities to offer cancer survivors 12 weeks of exercise classes focused on building strength and improving overall fitness. These free classes are provided as part of an exercise program and interventional trial called CrossFit® and Physical Activity: A Better Life Experience (CAPABLE), which introduces cancer survivors to the sport of CrossFit®. Below are the sessions scheduled to begin soon and run through the spring and summer:

Five Lakes CrossFit
24269 Indoplex Circle
Farmington Hills, MI 48335
Sessions start on Monday, March 2, and conclude in May.
Find more information on this session here.

810 CrossFit
8130 Industrial Park Dr.
Grand Blanc, MI 48439
Sessions start on Monday, March 16, and conclude in June.
Find more information on this session here.

CrossFit® in the D
150 Michigan Ave
Detroit, MI 48226
Sessions start on Monday, April 27, and conclude in July.
Find more information on this session here.

Previous exercise experience is not necessary to participate. Visit karmanos.org/CAPABLE for more information and to sign up.

“Exercising has a large impact on our physical, but also our mental well-being,” said Jennifer Beebe-Dimmer, Ph.D., MPH, leader of the Population Studies (PS) Research Program, scientific director of the Epidemiology Research Core at Karmanos and professor of Oncology at WSU. “We have seen tremendous success with many cancer survivors participating in CAPABLE. Physical activity is so important to our health, but especially after a cancer diagnosis.”

To date, more than 320 cancer survivors have completed CAPABLE since the program started in 2019. The program has grown to seven gym locations in Michigan.

Physical Activity for Cancer Survivors Supported by Recent Research
The American Cancer Society (ACS) recommends that cancer survivors resume regular physical activity as soon as possible after diagnosis. They also recommend survivors exercise for 150-300 minutes weekly, including strength training. Dr. Beebe-Dimmer designed CAPABLE to help survivors learn how to meet these exercise and strength-training recommendations and to teach fitness skills they can use well beyond the classes.

Dr. Beebe-Dimmer and a team of researchers published The Impact of Moderate to High Intensity Physical Activity on Sleep Health in Cancer Survivors in Cancer Medicine in January 2026. This study used data from the CAPABLE intervention and the Detroit Research on Cancer Survivors (ROCS) cohort, one of the largest studies in history that researches the complex causes for the poorer outcomes experienced by African American cancer survivors. Both studies reveal that cancer survivors who meet ACS’s exercise recommendations report less insomnia and better sleep quality, showing that exercise is a benefit to cancer survivors. The team has previously shown that sleep health is one of the most important predictors of cancer survivor quality of life in this population.

Additional recent research that supports exercise for cancer survivors can be found in “Association Between Empirical Dietary Inflammatory Pattern (EDIP) and Survival in Patients with Stage III Colon Cancer: Findings From CLGB/SWOG 80702 (ALLIANCE)” (presented at the American Society of Clinical Oncology Annual Meeting in 2025), which is a study co-led by Anthony Shields, M.D., Ph.D., associate center director for Clinical Sciences, member of the Gastrointestinal and Neuroendocrine Oncology Multidisciplinary Team (MDT), the Phase I Clinical Trials MDT, the Molecular Therapeutics Researcher Program, and professor of Oncology at WSU; and  “Structured Exercise After Adjuvant Chemotherapy for Colon Cancer,” published in The New England Journal of Medicine in 2025.

CAPABLE Helps Cancer Survivors Find Their Physical Potential After Diagnosis
“The survivors will learn how to incorporate physical activity into their daily lives and build back some muscle they may have lost during their treatments. Participants report being able to do things they couldn’t before taking CAPABLE classes, like picking up their grandkids and carrying groceries in from the car. It’s exciting to see how this program benefits people in many aspects of their lives.

“CrossFit combines high-intensity interval and strength training. As we take cancer survivors through this training, we look at a host of outcomes – everything from physical fitness and body composition to sleep health, cognitive function and quality of life. We also provide nutrition guidance consistent with current recommendations to help participants make the most of their 12 weeks in CAPABLE and build healthy habits to last a lifetime,” Dr. Beebe-Dimmer explained.

The strength and conditioning workouts consist of functional movements performed at scalable levels for each participant. The term functional refers to movements required for daily living (squatting, lifting, pulling, and pushing). Some participants will lift five-pound weights, while others may be able to lift much more. Some will walk, and others may jog. Each survivor does the same exercise at varied levels to fit their ability and restrictions outlined by their physician.

Participant Registration and Requirements
Participants must be adults, 18 years or older, cancer survivors (no matter what type of cancer they were diagnosed with), and not currently participating in a regular exercise program. Medical clearance from their oncologist or primary care provider is required. Classes will run for 12 weeks and will be held on Mondays, Wednesdays and Fridays at the partner gyms in Detroit, Farmington Hills and Grand Blanc.

For questions, potential participants may contact the CAPABLE team at 313-578-4246 or email CAPABLE@wayne.edu. Visit karmanos.org/CAPABLE for more information and to sign up.

About the Barbara Ann Karmanos Cancer Institute
Karmanos Cancer Institute is a leader in transformative cancer care, research and education through courage, commitment and compassion. The Karmanos vision is a world free of cancer. As part of McLaren Health Care, Karmanos is the largest provider of cancer care and research in Michigan. For more than 75 years, the administrative and research headquarters, along with the premier specialty cancer hospital, have been located in downtown Detroit. With multiple network sites, Karmanos delivers world-renowned care and access to clinical trials throughout Michigan and northern Ohio. The National Cancer Institute recognizes Karmanos as one of the best cancer centers in the nation with a comprehensive cancer center designation. Its academic partnership with the Wayne State University School of Medicine provides the framework for cancer research and education – defining new standards of care and improving survivorship. For more information, call 1-800-KARMANOS (800-527-6266) or visit karmanos.org. Follow Karmanos on Facebook, LinkedIn and YouTube.

View original content to download multimedia:https://www.prnewswire.com/news-releases/three-crossfit-sessions-for-cancer-survivors-beginning-soon-in-genesee-oakland-and-wayne-counties-302697813.html

SOURCE Karmanos Cancer Institute

Fidelity Management & Research Company, Sumitomo Corporation of Americas, Pelican Energy Partners, Deerfield Management and Oaktree Capital Management participated in the Financing Round

JANESVILLE, Wis., Feb. 26, 2026 /PRNewswire/ — SHINE Technologies, a nuclear fusion company, today announced it has raised $240 million in equity funding, and appointed Dr. Patrick Soon-Shiong, M.D., Executive Chairman of ImmunityBio and founder of NantWorks, to its Board of Directors. The round was led by NantWorks with additional participation from Fidelity Management & Research Company, Sumitomo Corporation of Americas, Pelican Energy Partners, Deerfield Management, Oaktree Capital Management, and other existing investors.

The investment advances SHINE’s commercial fusion technology across its current portfolio of products and services – providing neutron testing that qualifies mission-critical components for defense and aerospace and supplying radioisotopes that power targeted cancer therapies and diagnostic imaging. The funding also marks the beginning of the company’s next stage of growth – developing technology to recycle used nuclear fuel and building toward commercial fusion energy production.

“Fusion energy is one of the most important technologies humanity will ever develop — it will forever change how we power our species, and is already having major impact across advanced manufacturing, healthcare and recycling,” said Greg Piefer, founder and CEO of SHINE. “Dr. Soon-Shiong is a visionary who has spent his career turning breakthrough science into products that have made the world better. We are honored to have him as a partner.”

Dr. Soon-Shiong is a physician scientist, serial entrepreneur, and multi-sector investor who has built and sold two major pharmaceutical companies, founded the NantWorks ecosystem spanning healthcare, technology, and media. He has developed a multitude of FDA-approved therapies that have reached patients globally. Across all of it, his research has returned to the same challenge: how to transform cancer care and harness the immune system, and reduce the toxicities of standard high dose chemo-radiation therapy. That conviction aligns directly with where oncology is heading. Lu-177-based therapies deliver targeted radiation precisely to cancer cells, and researchers are actively studying how combining that approach with immune activation could produce more durable patient outcomes.

“This partnership is about harnessing powerful science to serve humanity. SHINE’s leadership in fusion technology and Lu-177 production aligns with my lifelong mission to make cancer treatment more precise, targeted, and ultimately curative by activating the patient’s immune system. Lu-177 is currently approved as a radio ligand targeting prostate cancer cells and the opportunity to further expand this difficult to manufacture technology is exciting. I’m honored to join SHINE’s Board as we translate breakthrough science into real-world impact for patients and society,” said Dr. Patrick Soon-Shiong, Founder and Executive Chairman of NantWorks and ImmunityBio.

In connection with Soon-Shiong’s $150 million investment, NantWorks and SHINE have entered a strategic partnership that includes priority access arrangements for Lu-177 supply from SHINE, positioning both organizations to advance the next generation of targeted cancer treatment.

SHINE has now raised more than $1 billion in total funding, reflecting sustained investor confidence in its commercially-driven path to fusion energy.

About SHINE
Headquartered in Janesville, Wisconsin, SHINE is an industry leader in next-generation fusion, developing innovative fusion-based technology that combines safety, cost-efficiency and environmental responsibility.

SHINE has successfully commercialized fusion across multiple applications, including neutron testing markets such as neutron radiography, radiation-effects testing and fusion material research. It has commercialized and is scaling its proprietary medical isotope production and processes, supplying high-quality radioisotopes essential for procedures including diagnosing heart disease and cancer as well as cancer therapy.

SHINE currently operates one of the largest Lu-177 production facilities in North America, with capacity for up to 100,000 doses annually with the ability to scale to 200,000 doses per year. Ilumira has shipped to customers in 19 countries across four continents, achieving greater than 95% on-time, in-full delivery since its commercial launch in 2024.

Beyond these applications, SHINE is pioneering nuclear waste recycling to make nuclear energy more sustainable. Its long-term purpose is to change the way humans make energy by commercializing fusion energy. Unlike other fusion companies, SHINE takes a commercially driven path mirroring successful deep-tech industries. Through this visionary approach, SHINE is advancing technology, healthcare, and sustainable energy, making a lasting impact across multiple sectors.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shine-completes-240-million-in-recent-funding-led-by-dr-patrick-soon-shiong-founder-of-nantworks-who-joins-board-of-directors-302697694.html

SOURCE SHINE Technologies, LLC

Fidelity Management & Research Company, Sumitomo Corporation of Americas, Pelican Energy Partners, Deerfield Management and Oaktree Capital Management participated in the Financing Round

JANESVILLE, Wis., Feb. 26, 2026 /PRNewswire/ — SHINE Technologies, a nuclear fusion company, today announced it has raised $240 million in equity funding, and appointed Dr. Patrick Soon-Shiong, M.D., Executive Chairman of ImmunityBio and founder of NantWorks, to its Board of Directors. The round was led by NantWorks with additional participation from Fidelity Management & Research Company, Sumitomo Corporation of Americas, Pelican Energy Partners, Deerfield Management, Oaktree Capital Management, and other existing investors.

The investment advances SHINE’s commercial fusion technology across its current portfolio of products and services – providing neutron testing that qualifies mission-critical components for defense and aerospace and supplying radioisotopes that power targeted cancer therapies and diagnostic imaging. The funding also marks the beginning of the company’s next stage of growth – developing technology to recycle used nuclear fuel and building toward commercial fusion energy production.

“Fusion energy is one of the most important technologies humanity will ever develop — it will forever change how we power our species, and is already having major impact across advanced manufacturing, healthcare and recycling,” said Greg Piefer, founder and CEO of SHINE. “Dr. Soon-Shiong is a visionary who has spent his career turning breakthrough science into products that have made the world better. We are honored to have him as a partner.”

Dr. Soon-Shiong is a physician scientist, serial entrepreneur, and multi-sector investor who has built and sold two major pharmaceutical companies, founded the NantWorks ecosystem spanning healthcare, technology, and media. He has developed a multitude of FDA-approved therapies that have reached patients globally. Across all of it, his research has returned to the same challenge: how to transform cancer care and harness the immune system, and reduce the toxicities of standard high dose chemo-radiation therapy. That conviction aligns directly with where oncology is heading. Lu-177-based therapies deliver targeted radiation precisely to cancer cells, and researchers are actively studying how combining that approach with immune activation could produce more durable patient outcomes.

“This partnership is about harnessing powerful science to serve humanity. SHINE’s leadership in fusion technology and Lu-177 production aligns with my lifelong mission to make cancer treatment more precise, targeted, and ultimately curative by activating the patient’s immune system. Lu-177 is currently approved as a radio ligand targeting prostate cancer cells and the opportunity to further expand this difficult to manufacture technology is exciting. I’m honored to join SHINE’s Board as we translate breakthrough science into real-world impact for patients and society,” said Dr. Patrick Soon-Shiong, Founder and Executive Chairman of NantWorks and ImmunityBio.

In connection with Soon-Shiong’s $150 million investment, NantWorks and SHINE have entered a strategic partnership that includes priority access arrangements for Lu-177 supply from SHINE, positioning both organizations to advance the next generation of targeted cancer treatment.

SHINE has now raised more than $1 billion in total funding, reflecting sustained investor confidence in its commercially-driven path to fusion energy.

About SHINE
Headquartered in Janesville, Wisconsin, SHINE is an industry leader in next-generation fusion, developing innovative fusion-based technology that combines safety, cost-efficiency and environmental responsibility.

SHINE has successfully commercialized fusion across multiple applications, including neutron testing markets such as neutron radiography, radiation-effects testing and fusion material research. It has commercialized and is scaling its proprietary medical isotope production and processes, supplying high-quality radioisotopes essential for procedures including diagnosing heart disease and cancer as well as cancer therapy.

SHINE currently operates one of the largest Lu-177 production facilities in North America, with capacity for up to 100,000 doses annually with the ability to scale to 200,000 doses per year. Ilumira has shipped to customers in 19 countries across four continents, achieving greater than 95% on-time, in-full delivery since its commercial launch in 2024.

Beyond these applications, SHINE is pioneering nuclear waste recycling to make nuclear energy more sustainable. Its long-term purpose is to change the way humans make energy by commercializing fusion energy. Unlike other fusion companies, SHINE takes a commercially driven path mirroring successful deep-tech industries. Through this visionary approach, SHINE is advancing technology, healthcare, and sustainable energy, making a lasting impact across multiple sectors.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shine-completes-240-million-in-recent-funding-led-by-dr-patrick-soon-shiong-founder-of-nantworks-who-joins-board-of-directors-302697694.html

SOURCE SHINE Technologies, LLC

Fidelity Management & Research Company, Sumitomo Corporation of Americas, Pelican Energy Partners, Deerfield Management and Oaktree Capital Management participated in the Financing Round

JANESVILLE, Wis., Feb. 26, 2026 /PRNewswire/ — SHINE Technologies, a nuclear fusion company, today announced it has raised $240 million in equity funding, and appointed Dr. Patrick Soon-Shiong, M.D., Executive Chairman of ImmunityBio and founder of NantWorks, to its Board of Directors. The round was led by NantWorks with additional participation from Fidelity Management & Research Company, Sumitomo Corporation of Americas, Pelican Energy Partners, Deerfield Management, Oaktree Capital Management, and other existing investors.

The investment advances SHINE’s commercial fusion technology across its current portfolio of products and services – providing neutron testing that qualifies mission-critical components for defense and aerospace and supplying radioisotopes that power targeted cancer therapies and diagnostic imaging. The funding also marks the beginning of the company’s next stage of growth – developing technology to recycle used nuclear fuel and building toward commercial fusion energy production.

“Fusion energy is one of the most important technologies humanity will ever develop — it will forever change how we power our species, and is already having major impact across advanced manufacturing, healthcare and recycling,” said Greg Piefer, founder and CEO of SHINE. “Dr. Soon-Shiong is a visionary who has spent his career turning breakthrough science into products that have made the world better. We are honored to have him as a partner.”

Dr. Soon-Shiong is a physician scientist, serial entrepreneur, and multi-sector investor who has built and sold two major pharmaceutical companies, founded the NantWorks ecosystem spanning healthcare, technology, and media. He has developed a multitude of FDA-approved therapies that have reached patients globally. Across all of it, his research has returned to the same challenge: how to transform cancer care and harness the immune system, and reduce the toxicities of standard high dose chemo-radiation therapy. That conviction aligns directly with where oncology is heading. Lu-177-based therapies deliver targeted radiation precisely to cancer cells, and researchers are actively studying how combining that approach with immune activation could produce more durable patient outcomes.

“This partnership is about harnessing powerful science to serve humanity. SHINE’s leadership in fusion technology and Lu-177 production aligns with my lifelong mission to make cancer treatment more precise, targeted, and ultimately curative by activating the patient’s immune system. Lu-177 is currently approved as a radio ligand targeting prostate cancer cells and the opportunity to further expand this difficult to manufacture technology is exciting. I’m honored to join SHINE’s Board as we translate breakthrough science into real-world impact for patients and society,” said Dr. Patrick Soon-Shiong, Founder and Executive Chairman of NantWorks and ImmunityBio.

In connection with Soon-Shiong’s $150 million investment, NantWorks and SHINE have entered a strategic partnership that includes priority access arrangements for Lu-177 supply from SHINE, positioning both organizations to advance the next generation of targeted cancer treatment.

SHINE has now raised more than $1 billion in total funding, reflecting sustained investor confidence in its commercially-driven path to fusion energy.

About SHINE
Headquartered in Janesville, Wisconsin, SHINE is an industry leader in next-generation fusion, developing innovative fusion-based technology that combines safety, cost-efficiency and environmental responsibility.

SHINE has successfully commercialized fusion across multiple applications, including neutron testing markets such as neutron radiography, radiation-effects testing and fusion material research. It has commercialized and is scaling its proprietary medical isotope production and processes, supplying high-quality radioisotopes essential for procedures including diagnosing heart disease and cancer as well as cancer therapy.

SHINE currently operates one of the largest Lu-177 production facilities in North America, with capacity for up to 100,000 doses annually with the ability to scale to 200,000 doses per year. Ilumira has shipped to customers in 19 countries across four continents, achieving greater than 95% on-time, in-full delivery since its commercial launch in 2024.

Beyond these applications, SHINE is pioneering nuclear waste recycling to make nuclear energy more sustainable. Its long-term purpose is to change the way humans make energy by commercializing fusion energy. Unlike other fusion companies, SHINE takes a commercially driven path mirroring successful deep-tech industries. Through this visionary approach, SHINE is advancing technology, healthcare, and sustainable energy, making a lasting impact across multiple sectors.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shine-completes-240-million-in-recent-funding-led-by-dr-patrick-soon-shiong-founder-of-nantworks-who-joins-board-of-directors-302697694.html

SOURCE SHINE Technologies, LLC

• CO₂e footprint reduced by 11.2% compared to the previous year – thanks to effective climate protection measures and lower Scope 3 emissions 
• 85.4% of measuring devices are radio-enabled – the basis for digital networking and greater energy efficiency in the building sector 
• Over 2,000 charging points installed – expansion to 5,000 by the end of 2027

ESCHBORN, Germany, Feb. 26, 2026 /PRNewswire/ — Techem, a leading global service provider for smart and sustainable building solutions, publishes its sixth sustainability report and shows significant progress in the areas of climate protection, digitalization, and circular economy. With the further development of the “One Digital Platform”, Techem is driving forward the digital transformation of the building sector and laying the foundation for greater energy efficiency and CO₂ reduction. 

Climate targets and CO₂e reduction

In fiscal year 2025, Techem’s total CO₂e footprint amounted to around 221,407 tons -11.2% less than in the previous year. This progress is primarily due to lower Scope 3 emissions. Compared to the base year 2020, this corresponds to a reduction of 27%. This underscores the effectiveness of the climate protection measures that have been introduced and shows that Techem is ambitiously pursuing its decarbonization plan.

The company is not only working to reduce its own CO₂e footprint but is also actively supporting the building sector in its decarbonization efforts through a range of products and services. These include continuous monitoring for greater transparency, optimization of heating system operation, and implementation of decarbonized heat supply in existing buildings. “The energy transition will only succeed if we consistently combine digitalization and sustainability. Together, these two factors are the key to making decarbonization in existing buildings measurable, scalable, and effective. We are taking responsibility by expanding digital infrastructures: thanks to 85.4% of our measuring devices already being wireless, we are creating data-based transparency, making sustainability controllable, and enabling real progress in the building sector,” explains Matthias Hartmann, CEO of Techem. By consistently implementing its sustainability strategy, Techem combines ecological responsibility with economic success and specifically strengthens the company’s efficiency, resilience, and competitiveness.

E-mobility and charging infrastructure

With its charging infrastructure solutions, Techem is focusing on the expansion of a comprehensive infrastructure for electric vehicles. By the end of the 2025 financial year, 2,013 charging points had already been installed, with more than 5,000 planned by the end of 2027, all of which will be supplied with green electricity. One milestone is the contract award for the charging infrastructure initiative of the Building and Real Estate Management Authority of North Rhine-Westphalia (BLB NRW), which plans to install up to 2,000 charging points. At the same time, Techem is electrifying its own vehicle fleet in Germany, but also in its individual national companies. By the end of 2030, 25.0% of the international passenger car fleet is to be powered by CO₂e-neutral drives. The baseline value in fiscal year 2022 was 5.1%. Overall, more than 15% of all international vehicles are currently completely electric. In Germany, 50.4% of the passenger car fleet is already CO₂-neutral, an increase of 20.5% over the previous year.

Circular economy: New Re-Use Center

With the establishment of the Re-Use Center, Techem is strengthening resource efficiency in line with circular economy. A three-stage process ensures that devices and components are reused, returned to the manufacturer, and professionally reconditioned or recycled in the spot. During recycling, non-reusable devices can be broken down into their basic materials, allowing up to 98% of the materials to be returned to industrial cycles.

Ratings and awards confirm strong sustainability performance

Techem has been awarded an “AA” ESG rating by MSCI, making it one of the leading companies in the field of environmental, social, and responsible corporate governance. Within the “Professional Services” sector, Techem exceeds the industry average in four key categories: Carbon Emissions, Human Capital Development, Privacy & Data Security, and Corporate Behavior. In addition, Techem was awarded the prestigious ESG Transparency Award by the EUPD Group for its 2024 sustainability report, achieving the highest rating of “Excellence” and the status of “Leading Company.” 

Sustainability reporting is voluntary and in accordance with the standards of the Global Reporting Initiative (GRI) and in preparation for the European Sustainability Reporting Standards (ESRS). Techem also follows the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and has conducted an investigation of climate-related risks and opportunities in accordance with these recommendations. The full report can be viewed here. The sustainability report is available in German and English.

About Techem

Techem is a leading service provider for smart and sustainable buildings. The company’s services cover the topics of energy management and resource conservation, healthy living and process efficiency in properties. Founded in 1952, Techem is now active in 18 countries with over 4,300 employees and services more than 13,5 million dwellings. Techem offers efficiency improvements along the entire value chain of heat and water in real estate and regenerative supply concepts and solutions. As the market leader in remote radio detection of energy consumption in homes, Techem continues to drive networking and digital processes in real estate. Modern multi sensor devices, radio smoke detectors with remote inspection, metering point operation, charging infrastructure for electromobility and services related to improving drinking water quality in properties complement the solution portfolio for the housing as well as the commercial real estate industry. Further information can be found at https://www.techem.com or follow us on LinkedIn. 

PR Contact:
Janina Schmidt
Head of Corporate Communications                           
Techem Energy Services GmbH
Telefon: +49 (0) 174 / 744-4137
E-Mail: janina.schmidt@techem.de 

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SOURCE Techem GmbH

GOTHENBURG, Sweden, Feb. 26, 2026 /PRNewswire/ — CEO Dr Martin Edlund: “A year of global brand and technology exposure and grid-connected electricity production with commercial-scale powerplant”

Significant events October-December 2025

On 28 October, Minesto announced the outcome of the company’s rights issue of up to 82,364,595 shares. 33,436,356 shares, corresponding to approximately 40.6 percent of the Rights Issue, had been subscribed for with the support of subscription rights. Additionally, applications for subscription of 575,828 shares, corresponding to approximately 0.7 percent of the Rights Issue, had been received for subscription of shares without the support of subscription rights. In aggregate, the subscriptions with the support of subscription rights and the applications for subscription without the support of subscription rights correspond to approximately 41.3 percent of the Rights Issue. Hence, guarantee commitments of 19,501,329 shares, corresponding to approximately 23.7 percent of the Rights Issue, will be utilized. The Rights Issue provides the company with proceeds of approximately SEK 99.0 million before deduction of costs related to the Rights Issue.

On 30 October, Git Sturesjö Adolfsson resigned as a member of the Company’s Board. Deputy Board Member Andreas Gunnarsson assumed her position.

The Board of Directors resolved to allow Fenja Capital to set off its outstanding loan claims, including accrued interest, totalling approximately SEK 22.2 million as payment for part of the shares that Fenja Capital has been allocated and subscribed for in the Rights Issue.

On 8 October, Minesto invited investors and the public with an interest in technology and energy systems to a unique opportunity to experience firsthand the tidal energy kite Dragon 4 “Íðunn” as she was brought home for a break from production duty at the company’s demonstration site in the North Atlantic where it produces electricity to the Faroe Islands grid. The event attracted around 150 guests.

In October, Minesto was part of a high-level Swedish delegation to South Korea aiming to explore new partnerships and strengthen bilateral collaboration in the green transition. The delegation was led by HRH Crown Princess of Sweden and supported by Swedish minister for Foreign Affairs and Swedish minister for Infrastructure and Housing. The delegation was part of Focus Asia – Sweden’s strategy for trade and investment in the region. Extensive tidal and ocean current resources make South Korea a highly attractive market for Minesto.

In November, Minesto participated in high-level Swedish business delegation to Canada in connection with the royal couple’s state visit. The delegation, led by the Swedish Minister for Energy and Business and Minister for Defence, aimed to strengthen Swedish-Canadian relations and promote innovation with focus on AI, defence & security and electrification. Significant ocean resources with tidal streams and political support for ocean energy make Canada a highly attractive market for Minesto.

Minesto was selected to be part of InnoEnergy’s annual industry event The Business Booster, this year in Lisbon in October. InnoEnergy, initiated by the European Institute of Innovation and Technology (EIT), is Europe’s investment company at the forefront of clean energy transition and Minesto was invited as one of the industrial scale-ups driving Europe’s energy transition.

Minesto announced that incentive programme LTI 2021 was completed, LTI 2025 will commence and that major shareholder, the CEO and other senior executives have increased their shareholdings.

The Company’s Board of Directors dismissed a claim for damages directed against them from the former major shareholder BGA Invest AB as unfounded. The claim for damages is allegedly based on the Board of Directors’ resolution to allot shares to BGA in the Company’s rights issue carried out during autumn 2025.

After the end of the period

In January, Minesto was selected for in-depth investment advisory support by the European Investment Bank (EIB) under the PDA (Project Development Assistance) programme.  The program offers extensive free of charge financial advisory support to a few carefully selected investment opportunities within the renewable energy sector in the EU. The Minesto investment case chosen for the programme is a 10MW Dragon Farm (tidal energy array) located at a new targeted site within EU waters. The EIB advisory support focus’s on increasing the financial attractiveness and overall quality of the investment offer, aiming to raise 25 M EUR in capital.

Minesto was awarded 24,000 EUR grant funding from the Swedish Energy Agency (SEA) through the Global Innovation Accelerator (GIA) programme, aiming to accelerate the company’s market development in Taiwan. As part of the programme, Minesto officially took part in the high-level Nordic-Taiwan Sustainable Energy Forum, held in Taipei in December. 

Minesto initiated collaboration with expert ocean energy site developer Haf-Afl for the Icelandic market. Minesto continues to follow through with a market entry strategy based on collaboration with strong local site development and project investment partners. With the signing of a new partnership agreement (MOU) with ocean energy site developer Haf-Afl, the Icelandic market is added to Minesto’s range of markets actively pursued.

The Group in summary

1 July-31 December 2025

Total operating income for the period amounted to SEK 14,843 thousand (19,486) and mainly included capitalised development work. Net sales amounted to 0 (0).

Operating loss for the period amounted to SEK  -14,843 thousand ( -14,076). The negative result is largely attributable to business development and administration related to technology development. Of the personnel costs, SEK 10,737 thousand (12,184) has been capitalised as development work.

At the end of the period, intangible assets amounted to SEK 574,424 thousand (544,924), of which capitalised development costs amounted to SEK 556,236 thousand (527,708) and capitalised patent expenses amounted to SEK 18,188 thousand (17,217).

During the period, payments of SEK 5,144 thousand (176) were received from public funding schemes, of which SEK 0 thousand (176) is approved claims and the remaining part is advance payments. Grants of SEK 2,190 thousand ( 686) were accounted for of which SEK 2,170 thousand ( 694) has reduced the acquisition value of the capitalised development costs.

Cash flow amounted to SEK 37,426 thousand ( -41,234). At the end of the period, cash and cash equivalents amounted to SEK 67,573 thousand (34,890).

At the end of the period, equity amounted to SEK 630,357 thousand (568,649) divided into 260,081,036 shares (194,116,040), of which net loss for the period amounted to SEK  -14,865 thousand ( -12,961).

1 January-31 December 2025

Total operating income in the end of the financial year amounted to SEK 27,077 thousand (33,035) and mainly included capitalised development work. Net sales amounted to SEK 0 thousand (75).

Operating loss, at the end of the financial year, amounted to SEK  -34,659 thousand ( -37,345). The negative result is largely attributable to business development and administration related to technology development. Of the personnel costs, SEK 22,969 thousand (25,636) has been capitalised as development work.

At the end of the financial year, intangible assets amounted to SEK 574,424 thousand (492,928), of which capitalised development costs amounted to SEK 556,236 thousand (527,708) and capitalised patent expenses amounted to SEK 18,188 thousand (17,217).

During the financial year, payments of SEK 5,198 thousand (27,803) were received from public funding schemes, of which SEK 54 thousand (26,474) is approved claims and the remaining part is advance payments. Grants of SEK 2,913 thousand (1,100) were accounted for, of which SEK 2,893 thousand (1,100) has reduced the acquisition value of the capitalised development costs.

Cash flow amounted to SEK 33,006 thousand (19,436). At the end of the period, cash and cash equivalents amounted to SEK 67,573 thousand (34,890).

At the end of the financial year, equity amounted to SEK 630,357 thousand (568,649) divided into 260,071,036 shares (194,116,040), of which net loss for the year amounted to SEK  -36,635 thousand ( -36,104).

Year-End Report t is available to download at Minesto’s website:

Minesto | Investor information

CEO comment:

A year of global brand and technology exposure and grid-connected electricity production with commercial-scale powerplant

2025 was the year we showed our technology to the world with the largest communication campaign ever for an Ocean Energy Technology, together with our strategic partner SKF. The Faroe Islands Space Program has so far resulted in more than 500 million exposures. We also promoted our unique Dragon Technology at the World Exhibition in Japan, at high-level Swedish state visits to South-Korea and Canada. Showcasing our Dragon 4 unit in Göteborg created interest from to Philippine and Indonesian key stakeholders. This year’s external communication is arguably the broadest brand and product exposure ever for a novel renewable energy technology. We are overwhelmed by the level of enthusiasm and number of commercial inquiries into our Dragons derived from this exposure. Invitations to tender, requests for feasibility assessment of new sites and engagement with new local site-development partners are at record levels. Our main task is now to turn these opportunities into business.

In order to manage the commercial roll-out, we have reshaped the Minesto team to deliver on this number one priority to reach solid commercial deals and broaden the range of infrastructure projects, both in our priority market Faroe Islands and in additional 16 follow-on geographic markets (still counting). This creates short term opportunities for sales of site development services and step in installation projects as well as outlining a medium/long term project pipeline. The now existing Dragon farm project pipeline strongly motivates the substantial global market and scaleup into Gigawatt deployment volumes.

During 2025, we have tested our megawatt power plant Dragon 12 extensively. The megawatt machine has provided valuable production and operational data, proved robustness and stability beyond commercial service intervals. We now choose to limit electricity production with the Dragon 12 due to reduced access to cost effective marine operational resources (our local installation vessel is undergoing service). In parallel, we are preparing together with our partners and the local utility Sev, for production into the new microgrid set-up at Vestmanna by upgrades onshore and at the seabed. We have formed a consortia to offer microgrids, with initial joint investments of 56 MSEK to install and demonstrate a complete microgrid with battery storage that is “market ready”.

We have also advanced our understanding of “the value of tidal in the grid mix” by developing an in-house power systems analysis model and applying it on the Faroe Island energy system. Our initial conclusions from this work is very promising in favour of tidal energy from Minesto dragons:

• We create an energy mix where tidal energy production from different geographic locations feeds base-load energy into the grid.
• We deliver a cost effective 100-percent renewable energy system with minimum storage needs and build out of over capacity.

This work gives us a hands-on sales tool that provides in-depth understanding of how our Minesto Dragons can be implemented in an energy system to provide renewable base-load energy to deliver an affordable and feasible energy transition in the many global markets with a tidal energy resource.

The geopolitical market context is changing with more limited verbal support from leading politicians on sustainability. However, the energy transition is happening at a faster pace than ever in terms of megawatts installed and investments committed. No political hesitation will stop this transition, since it is driven by commercial logic and creation of clear customer value. The most significant shift in priority on energy policy is related to increased focus on security of supply. This is an additional strong argument for relying on tidal energy from our Dragons. Moving away from fossil imports from politically unstable countries into geographically distributed ocean renewable energy based on local operations is most helpful. Minesto Dragon farms that are distributed in-shore and hidden from view in the water column are among the strongest options available to deliver real security of supply.

We impatiently push forward to deliver Dragon-generated tidal energy to the world.

/Dr. Martin Edlund, CEO

Contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com 

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SOURCE Minesto AB

GOTHENBURG, Sweden, Feb. 26, 2026 /PRNewswire/ — CEO Dr Martin Edlund: “A year of global brand and technology exposure and grid-connected electricity production with commercial-scale powerplant”

Significant events October-December 2025

On 28 October, Minesto announced the outcome of the company’s rights issue of up to 82,364,595 shares. 33,436,356 shares, corresponding to approximately 40.6 percent of the Rights Issue, had been subscribed for with the support of subscription rights. Additionally, applications for subscription of 575,828 shares, corresponding to approximately 0.7 percent of the Rights Issue, had been received for subscription of shares without the support of subscription rights. In aggregate, the subscriptions with the support of subscription rights and the applications for subscription without the support of subscription rights correspond to approximately 41.3 percent of the Rights Issue. Hence, guarantee commitments of 19,501,329 shares, corresponding to approximately 23.7 percent of the Rights Issue, will be utilized. The Rights Issue provides the company with proceeds of approximately SEK 99.0 million before deduction of costs related to the Rights Issue.

On 30 October, Git Sturesjö Adolfsson resigned as a member of the Company’s Board. Deputy Board Member Andreas Gunnarsson assumed her position.

The Board of Directors resolved to allow Fenja Capital to set off its outstanding loan claims, including accrued interest, totalling approximately SEK 22.2 million as payment for part of the shares that Fenja Capital has been allocated and subscribed for in the Rights Issue.

On 8 October, Minesto invited investors and the public with an interest in technology and energy systems to a unique opportunity to experience firsthand the tidal energy kite Dragon 4 “Íðunn” as she was brought home for a break from production duty at the company’s demonstration site in the North Atlantic where it produces electricity to the Faroe Islands grid. The event attracted around 150 guests.

In October, Minesto was part of a high-level Swedish delegation to South Korea aiming to explore new partnerships and strengthen bilateral collaboration in the green transition. The delegation was led by HRH Crown Princess of Sweden and supported by Swedish minister for Foreign Affairs and Swedish minister for Infrastructure and Housing. The delegation was part of Focus Asia – Sweden’s strategy for trade and investment in the region. Extensive tidal and ocean current resources make South Korea a highly attractive market for Minesto.

In November, Minesto participated in high-level Swedish business delegation to Canada in connection with the royal couple’s state visit. The delegation, led by the Swedish Minister for Energy and Business and Minister for Defence, aimed to strengthen Swedish-Canadian relations and promote innovation with focus on AI, defence & security and electrification. Significant ocean resources with tidal streams and political support for ocean energy make Canada a highly attractive market for Minesto.

Minesto was selected to be part of InnoEnergy’s annual industry event The Business Booster, this year in Lisbon in October. InnoEnergy, initiated by the European Institute of Innovation and Technology (EIT), is Europe’s investment company at the forefront of clean energy transition and Minesto was invited as one of the industrial scale-ups driving Europe’s energy transition.

Minesto announced that incentive programme LTI 2021 was completed, LTI 2025 will commence and that major shareholder, the CEO and other senior executives have increased their shareholdings.

The Company’s Board of Directors dismissed a claim for damages directed against them from the former major shareholder BGA Invest AB as unfounded. The claim for damages is allegedly based on the Board of Directors’ resolution to allot shares to BGA in the Company’s rights issue carried out during autumn 2025.

After the end of the period

In January, Minesto was selected for in-depth investment advisory support by the European Investment Bank (EIB) under the PDA (Project Development Assistance) programme.  The program offers extensive free of charge financial advisory support to a few carefully selected investment opportunities within the renewable energy sector in the EU. The Minesto investment case chosen for the programme is a 10MW Dragon Farm (tidal energy array) located at a new targeted site within EU waters. The EIB advisory support focus’s on increasing the financial attractiveness and overall quality of the investment offer, aiming to raise 25 M EUR in capital.

Minesto was awarded 24,000 EUR grant funding from the Swedish Energy Agency (SEA) through the Global Innovation Accelerator (GIA) programme, aiming to accelerate the company’s market development in Taiwan. As part of the programme, Minesto officially took part in the high-level Nordic-Taiwan Sustainable Energy Forum, held in Taipei in December. 

Minesto initiated collaboration with expert ocean energy site developer Haf-Afl for the Icelandic market. Minesto continues to follow through with a market entry strategy based on collaboration with strong local site development and project investment partners. With the signing of a new partnership agreement (MOU) with ocean energy site developer Haf-Afl, the Icelandic market is added to Minesto’s range of markets actively pursued.

The Group in summary

1 July-31 December 2025

Total operating income for the period amounted to SEK 14,843 thousand (19,486) and mainly included capitalised development work. Net sales amounted to 0 (0).

Operating loss for the period amounted to SEK  -14,843 thousand ( -14,076). The negative result is largely attributable to business development and administration related to technology development. Of the personnel costs, SEK 10,737 thousand (12,184) has been capitalised as development work.

At the end of the period, intangible assets amounted to SEK 574,424 thousand (544,924), of which capitalised development costs amounted to SEK 556,236 thousand (527,708) and capitalised patent expenses amounted to SEK 18,188 thousand (17,217).

During the period, payments of SEK 5,144 thousand (176) were received from public funding schemes, of which SEK 0 thousand (176) is approved claims and the remaining part is advance payments. Grants of SEK 2,190 thousand ( 686) were accounted for of which SEK 2,170 thousand ( 694) has reduced the acquisition value of the capitalised development costs.

Cash flow amounted to SEK 37,426 thousand ( -41,234). At the end of the period, cash and cash equivalents amounted to SEK 67,573 thousand (34,890).

At the end of the period, equity amounted to SEK 630,357 thousand (568,649) divided into 260,081,036 shares (194,116,040), of which net loss for the period amounted to SEK  -14,865 thousand ( -12,961).

1 January-31 December 2025

Total operating income in the end of the financial year amounted to SEK 27,077 thousand (33,035) and mainly included capitalised development work. Net sales amounted to SEK 0 thousand (75).

Operating loss, at the end of the financial year, amounted to SEK  -34,659 thousand ( -37,345). The negative result is largely attributable to business development and administration related to technology development. Of the personnel costs, SEK 22,969 thousand (25,636) has been capitalised as development work.

At the end of the financial year, intangible assets amounted to SEK 574,424 thousand (492,928), of which capitalised development costs amounted to SEK 556,236 thousand (527,708) and capitalised patent expenses amounted to SEK 18,188 thousand (17,217).

During the financial year, payments of SEK 5,198 thousand (27,803) were received from public funding schemes, of which SEK 54 thousand (26,474) is approved claims and the remaining part is advance payments. Grants of SEK 2,913 thousand (1,100) were accounted for, of which SEK 2,893 thousand (1,100) has reduced the acquisition value of the capitalised development costs.

Cash flow amounted to SEK 33,006 thousand (19,436). At the end of the period, cash and cash equivalents amounted to SEK 67,573 thousand (34,890).

At the end of the financial year, equity amounted to SEK 630,357 thousand (568,649) divided into 260,071,036 shares (194,116,040), of which net loss for the year amounted to SEK  -36,635 thousand ( -36,104).

Year-End Report t is available to download at Minesto’s website:

Minesto | Investor information

CEO comment:

A year of global brand and technology exposure and grid-connected electricity production with commercial-scale powerplant

2025 was the year we showed our technology to the world with the largest communication campaign ever for an Ocean Energy Technology, together with our strategic partner SKF. The Faroe Islands Space Program has so far resulted in more than 500 million exposures. We also promoted our unique Dragon Technology at the World Exhibition in Japan, at high-level Swedish state visits to South-Korea and Canada. Showcasing our Dragon 4 unit in Göteborg created interest from to Philippine and Indonesian key stakeholders. This year’s external communication is arguably the broadest brand and product exposure ever for a novel renewable energy technology. We are overwhelmed by the level of enthusiasm and number of commercial inquiries into our Dragons derived from this exposure. Invitations to tender, requests for feasibility assessment of new sites and engagement with new local site-development partners are at record levels. Our main task is now to turn these opportunities into business.

In order to manage the commercial roll-out, we have reshaped the Minesto team to deliver on this number one priority to reach solid commercial deals and broaden the range of infrastructure projects, both in our priority market Faroe Islands and in additional 16 follow-on geographic markets (still counting). This creates short term opportunities for sales of site development services and step in installation projects as well as outlining a medium/long term project pipeline. The now existing Dragon farm project pipeline strongly motivates the substantial global market and scaleup into Gigawatt deployment volumes.

During 2025, we have tested our megawatt power plant Dragon 12 extensively. The megawatt machine has provided valuable production and operational data, proved robustness and stability beyond commercial service intervals. We now choose to limit electricity production with the Dragon 12 due to reduced access to cost effective marine operational resources (our local installation vessel is undergoing service). In parallel, we are preparing together with our partners and the local utility Sev, for production into the new microgrid set-up at Vestmanna by upgrades onshore and at the seabed. We have formed a consortia to offer microgrids, with initial joint investments of 56 MSEK to install and demonstrate a complete microgrid with battery storage that is “market ready”.

We have also advanced our understanding of “the value of tidal in the grid mix” by developing an in-house power systems analysis model and applying it on the Faroe Island energy system. Our initial conclusions from this work is very promising in favour of tidal energy from Minesto dragons:

• We create an energy mix where tidal energy production from different geographic locations feeds base-load energy into the grid.
• We deliver a cost effective 100-percent renewable energy system with minimum storage needs and build out of over capacity.

This work gives us a hands-on sales tool that provides in-depth understanding of how our Minesto Dragons can be implemented in an energy system to provide renewable base-load energy to deliver an affordable and feasible energy transition in the many global markets with a tidal energy resource.

The geopolitical market context is changing with more limited verbal support from leading politicians on sustainability. However, the energy transition is happening at a faster pace than ever in terms of megawatts installed and investments committed. No political hesitation will stop this transition, since it is driven by commercial logic and creation of clear customer value. The most significant shift in priority on energy policy is related to increased focus on security of supply. This is an additional strong argument for relying on tidal energy from our Dragons. Moving away from fossil imports from politically unstable countries into geographically distributed ocean renewable energy based on local operations is most helpful. Minesto Dragon farms that are distributed in-shore and hidden from view in the water column are among the strongest options available to deliver real security of supply.

We impatiently push forward to deliver Dragon-generated tidal energy to the world.

/Dr. Martin Edlund, CEO

Contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/minesto-ab/r/minesto-publishes-year-end-report-2025,c4313276

The following files are available for download:

 

View original content:https://www.prnewswire.com/news-releases/minesto-publishes-year-end-report-2025-302698075.html

SOURCE Minesto AB