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Minesto publishes Year-End Report 2024

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GOTHENBURG, Sweden, Feb. 27, 2025 /PRNewswire/ — CEO Dr. Martin Edlund: “Minesto has now demonstrated competitive renewable energy production from an untapped natural resource based on a truly novel and proprietary innovation.”

Significant events October – December 2024

Minesto’s work towards tidal energy buildout in the Faroe Islands continues. The Hestfjord Dragon Farm is a first-of-a-kind tidal energy array with Minesto Dragon 12-kites with a total capacity of 10 MW in a first phase. Following the successful utility-scale installation of the Dragon 12 in Vestmanna and corresponding interest by various parties in the technology, Minesto assigns strategic advisor Ernst & Young (EY) to the unique Dragon Farm Project, with focus on investments.

In December, Minesto announces completion of Hestfjord Dragon Farm specification based on Dragon 12 achievements. This refers to the overall design and technical specification of the upgraded Dragon 12 system targeting the first Dragon farm in Hestfjord (Phase 1: 10MW) in the Faroe Islands.

Minesto presents at one of the biggest international energy conferences, Enlit Europe in Milan. CEO Dr. Martin Edlund also presents at global climate change meeting COP29 in Baku, Azerbaijan where Minesto is hosting a session on the role and importance of innovation in tackling climate change.

The company arranges a well-attended capital market day at the company’s premises in Gothenburg, welcoming shareholders to experience the Minesto workshop and power plant components.

After the end of the period

In February, Minesto welcomes Faroese stakeholders, authorities as well as the public to a seminar at the Nordic House in Torshavn. CEO Martin Edlund presented the company’s vision for a sustainable energy system in the Faroe Islands, a 200MW buildout roadmap. There was a strong stakeholder engagement towards Minesto’s first tidal energy Dragon farm in Hestfjord, Faroe Islands.

An independent technical review of Minesto’s Dragon-class technology initiated in autumn 2024 is completed by DNV – a world leader in technology assessments and certifications in the energy & maritime sectors, incl. renewable energy solutions. The successfully completed review strengthens Minesto’s buildout investment case.

Group in summary 1 January-31 December 2024

1 January-31 December 2024

Total operating income in the end of the financial year amounted to SEK 33,035 thousand (45,590) and mainly included capitalised development work. Net sales amounted to SEK 75 thousand (391).Operating loss, at the end of the financial year, amounted to SEK -37,345 thousand (-28,680). The negative result is largely attributable to business development and administration related to technology development.At the end of the financial year, intangible assets amounted to SEK 544,924 thousand (492,928), of which capitalised development costs amounted to SEK 527,708 thousand (476,608) and capitalised patent expenses amounted to SEK 17,217 thousand (16,320).Cash flow amounted to SEK 19,436 thousand (-20,015). At the end of the period, cash and cash equivalents amounted to SEK 34,890 thousand (15,160).At the end of the financial year, equity amounted to SEK 568,649 thousand (522,746) divided into 194,116,040 shares (160,732,694), of which net loss for the year amounted to SEK -36,104 thousand (-27,123).

The Year-end Report is available to download at Minesto’s website:
www.minesto.com/investor/investor-information

CEO comment

Reinforcing Minesto as the World Leader in Ocean Renewables

2024 was a year of outstanding achievements for Minesto. The success of Dragon 12 puts us in a solid position to release the commercial potential of our unique ocean energy technology. 

Minesto has now demonstrated competitive renewable energy production from an untapped natural resource based on a truly novel and proprietary innovation. 

Backed up by performance and production data from installed devices, Minesto has assessed the cost of energy of its technology at lower levels than all other actors in ocean energy and most importantly, in our target markets, we offer the most viable or the only viable solution for an affordable energy transition. At last, the marine energy sector has a commercially viable energy generating technology ready for large scale buildout.

Ready for Dragon Farms

During 2024, all technical aspects of a commercial Dragon farm – a grid connected array of Dragon 12 units – have been successfully verified at the site in Vestmanna. Limited upgrades and customizations required are identified and in implementation for the first phase of Dragon Farm build outs.

It is important to underline that to commercialize the core Dragon-class technology, Minesto is relying on a wide range of unique and hard-earned technologies and competencies accumulated (internally and with partners) over more than a decade. So stating that we are “ready for farms” is not made lightly and implies that we are a master of all core activities such as: tidal site assessment, environmental consenting, production array design, infrastructure configuration, balance of plant, service procedures, offshore launch/recovery, grid connection, production monitoring, powerplant build and onshore testing, array installation management and power plant commissioning.

Most recently, the independent review of Minesto’s technology by DNV has been successfully completed. The review underlines the strength of our technology and our readiness to deploy at scale. It also supports our core arguments that our technology is generically cost effective.

Pushing for Business

During the year, Minesto has created energy project investment cases, initiated feasibility studies targeting specific production sites, hosted due diligence from potential customers and strengthened collaboration with our local partners around the world.

We have continued to nurture a strong relationship with the Faroe Islands’ business community and investor sphere. A renewed and updated power purchase agreement (PPA) with a price level to denote the total system value of tidal energy in the future renewable energy mix in the Faroe Islands is agreed in principle for the first phase of the Hestfjord buildout.

The Phase 1 Hestfjord Dragon Farm investment case is now open for business, the plan includes a newly established local project development company, Drekin Sp/f, where local investors can eventually become part owners of a 200MW tidal farm project in the Faroe Islands. The investment case includes the technical specification of the Phase 1 buildout, targeting the specific site conditions in Hestfjord, which is based on six customized Dragon 12 kites systems rated at 1.75MW, 10.5 MW in total.

In a number of markets around the world, Minesto has been asked to offer feasibility studies, project planning services, demo-installation projects and the creation of larger scale investment cases like Hestfjord. We are working with new and existing local market actors such as independent power producers and utilities. We believe that the novelty of the ocean energy industry and uniqueness of our products makes it necessary to offer customers and project investors flexible step in commercial involvement.

An important enabling factor in ongoing sales and project investment activities is public funding in different forms. The renewable energy transition is an area in focus for government grants, green electricity subsidies and soft loans. Our soft funding team is working together with our business development team to target application calls which directly support sales and project finance work. Minesto holds a broad application portfolio targeting programs that will be awarded during 2025.

We have strengthened our commercial team internally and have partnered up with internationally recognized advisory firm EY to support securing project financing and industrial partnerships. Minesto also receives valuable support from Business Sweden in Southeast Asia, via grant-funding from the Swedish Energy Agency.

It is worth noting that the volume of sales activities have significantly increased, driven by the level of maturity of our products and step change in global awareness of our innovation.

An Evolving Team

The collective knowledge, experience and capabilities in the Minesto team is at the core of the value of the company. Our intangible assets, built through technology investments, now reaches around 540 MSEK in accounting terms.

We have strengthened the organization regarding supply chain partnerships, operations in Vestmanna and through integration of product and business development in Sweden.

The management team is more commercially oriented and strengthened.A ca 30% overall reduction in personnel costs (from 2023 to 2025) has been achieved.A flexible operations team is in place in Vestmanna for the Faroe Island expansion.

Funding and cash flow

A combination of work streams to fund continued development and product delivery capacity are ongoing. We are not excluding any scenario in seeking the optimal way forward in creating industrial and shareholder value. The range of funding sources are sales of services and electricity, sales of microgrid hardware and installations, project finance with prepayments, soft funding, targeted new strategic investors/owners and issuance of securities.

Martin Edlund
CEO, Minesto AB

For additional information, please 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-2024,c4111631

The following files are available for download:

https://mb.cision.com/Main/14621/4111631/3287652.pdf

Minesto AB Year-End Report 2024

https://mb.cision.com/Public/14621/4111631/bf836eaf2b780ee4.pdf

PR 270225 Minesto publishes Year-End Report 2024

 

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LendingTree, Inc. to Report Third Quarter 2026 Earnings on November 3, 2026

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CHARLOTTE, N.C., Oct. 20, 2026 /PRNewswire/ — LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation’s leading online financial services marketplace, today announced that it will release fiscal third quarter 2026 results after market close on Tuesday, November 3, 2026.  The company will also post a letter to shareholders on the Company’s website at investors.lendingtree.com.

The Company will hold its earnings conference call at 4:30 p.m. ET to discuss the release, which will be simultaneously webcast via the Company’s website at investors.lendingtree.com.  The webcast replay will be available following the event.

About LendingTree, Inc.

LendingTree, Inc. is the parent of LendingTree, LLC and several companies owned by LendingTree, LLC (collectively, “LendingTree”).

LendingTree (NASDAQ: TREE) is one of the nation’s largest, most experienced online financial platforms, created to give consumers the power to win financially.  LendingTree provides customers with access to the best offers on loans, credit cards, insurance and more through its network of over 770 financial partners.  Since its founding, LendingTree has helped millions of customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of innovative products and tools and personalized financial recommendations, LendingTree helps customers achieve everyday financial wins.

LendingTree, Inc. is headquartered in Charlotte, NC. For more information, please visit www.lendingtree.com.

INVESTOR RELATIONS:
investors@lendingtree.com

MEDIA RELATIONS:
press@lendingtree.com

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SOURCE LendingTree, Inc.

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Hagerty to Report Third Quarter 2026 Results and Host Conference Call on Tuesday, November 3, 2026

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TRAVERSE CITY, Mich., Oct. 20, 2026 /PRNewswire/ — Hagerty, Inc. (NYSE: HGTY), a business that makes it easier and more enjoyable to be a driving enthusiast, today announced it will report its third quarter 2026 financial results before the market opens on Tuesday, November 3, 2026.

Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty’s investor relations website at investor.hagerty.com. To dial-in for the conference call, please register using the link found here to receive your unique dial-in and PIN.

A webcast replay of the call will be available at investor.hagerty.com following the call.

About Hagerty, Inc. (NYSE: HGTY)
Hagerty is a company built by drivers for drivers, protecting 3.0 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world’s largest membership community of car lovers.

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com. 

Category: Financial

Source: Hagerty

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SOURCE Hagerty

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Data Center Air Filtration Market to Reach USD 1.19 Billion by 2035 as Replacement Filters and Gas-Phase Media Drive Recurring Spend – DC Market Insights

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Market grows at an 8.59% CAGR from USD 520.20 million in 2025; replacement filters hold 78.3% of spending and gas-phase filtration grows fastest at 11.16% a year

LONDON, Oct. 20, 2026 /PRNewswire/ — The “Data Center Air Filtration Market – Growth, Share, Opportunities & Competitive Analysis, 2026-2035” report has been added to the DC Market Insights offering. The global Data Center Air Filtration Market was valued at USD 520.20 million in 2025, is estimated at USD 589.74 million in 2026, and is projected to reach USD 1.19 billion by 2035, growing at a CAGR of 8.59% from 2025 to 2035. DC Market Insights finds that this is primarily a recurring consumables market: replacement filters and media account for 78.3% of 2025 value, while liquid cooling slows first-fit demand by moving more AI rack heat away from the room air path.

Data Center Air Filtration Market at a Glance

Metric

Value (DC Market Insights estimate)

Market size, 2020

USD 314.90 million

Market size, 2025 (base year)

USD 520.20 million

Market size, 2026

USD 589.74 million (+13.4% year on year)

Market size, 2030

USD 843.18 million

Market size, 2035

USD 1.19 billion

CAGR 2025-2035

8.59% (low case 7.55%, high case 9.78%)

Largest filter type

Fine filters, 38.0% of 2025 value

Fastest-growing filter type

Gas-phase filtration, 11.16% CAGR

Leading region

North America, 39.0% (USD 202.87 million)

Fastest-growing region

Middle East and Africa, 12.13% CAGR

Market leader

Camfil, about 15% of 2025 value

Key Takeaways

USD 407.26 million, or 78.3% of 2025 value, is replacement spending because filters on the installed air-handled base are changed one to two times a year.The fleet-average filter bill is about USD 3,600 per MW of air-handled IT load a year in 2025.Gas-phase filtration grows 11.16% a year as operators manage corrosive gases and ASHRAE G1 limits in polluted and industrial hubs.Outside-air economizer intakes account for 27.0% of 2025 value and grow 10.10% a year as more sites use free-air cooling.Liquid cooling restrains first-fit demand: new-build first-fit filters grow 5.48% a year while replacement filters and media grow 9.33%.

Scope & Segmentation – Data Center Air Filtration Market

The report analyzes the market across the following segments:

Filter Type: Pre-Filters; Fine Filters; HEPA and EPA Filters; Gas-Phase Filtration; Housings, Frames and Pressure MonitoringApplication: CRAH/CRAC and Fan-Wall Recirculation; Outside-Air Economizer Intakes; Make-Up Air and Pressurization Units; Generator, Battery and Electrical RoomsPurchase Type: First-Fit with New Builds; Replacement Filters and MediaData Center Type: Hyperscale and AI Cloud Data Centers; Colocation Data Centers; Enterprise and Edge Data CentersGeography: North America; Europe; Asia Pacific; Latin America; Middle East and Africa, with 12 country forecasts

Report Updated: Oct. 20, 2026

Get Free Sample Report – Data Center Air Filtration Market

“Data center air filtration is increasingly an installed-base business. Liquid cooling reduces the air path in new AI halls, but hundreds of gigawatts of air-handled capacity still need recurring filter changes, and polluted or corrosive locations require more expensive fine and gas-phase media. That makes replacement contracts, pressure monitoring and chemical filtration the most defensible growth pools through 2035.”

— Amit Jain, Senior Consultant, ICT & Emerging Technologies, DC Market Insights, report author

Why This Report Matters

Air filtration sits at the intersection of equipment reliability, free-air cooling efficiency and contamination control. The report helps filter manufacturers, cooling vendors, data center operators, hyperscalers, colocation providers and investors size first-fit and replacement demand, compare filter classes and identify geographies where dust, smoke and corrosive gases raise lifecycle spending.

Key Attributes

Report attribute

Details

Historical Period

2020-2024

Base Year

2025

Forecast Period

2026-2035

Market Size 2025

USD 520.20 million

Market Size 2026

USD 589.74 million (+13.4% year on year)

Market Size 2035

USD 1.19 billion

CAGR 2025-2035

8.59% (low case 7.55%, high case 9.78%)

Leading Region

North America, 39.0% (USD 202.87 million)

Report Format

PDF + Excel

How Big Is the Data Center Air Filtration Market in 2026?

DC Market Insights values the Data Center Air Filtration Market at USD 589.74 million in 2026, 13.4% above 2025, as new capacity receives first-fit filters and the air-handled installed base continues to expand. The market remains tied more closely to replacement cycles than to new construction alone.

Year

Market size

2020

USD 314.90 million

2025

USD 520.20 million

2026

USD 589.74 million (+13.4% year on year)

2030

USD 843.18 million

2035F

USD 1.19 billion

Source: DC Market Insights, Data Center Air Filtration Market report, Oct. 20, 2026.

Why Does Replacement Spending Outgrow First-Fit Demand?

Liquid cooling removes a growing share of AI rack heat from the room air path, which limits the volume of first-fit filters required per new megawatt. Replacement demand behaves differently: existing air-cooled and hybrid halls continue to change pre-filters, fine filters and gas-phase media according to pressure drop, contamination and operating conditions. DC Market Insights therefore models replacement filters and media growing 9.33% a year, compared with 5.48% for first fit.

Which Filter Type Leads Data Center Air Filtration Spending?

Fine filters lead 2025 spending with 38.0% of market value, while gas-phase filtration grows fastest as operators manage sulfur dioxide, hydrogen sulfide and other corrosive contaminants around industrial and urban locations.

Filter type

2025 value

Share 2025

2035 value

CAGR

Pre-Filters

USD 109.24M

21.0 %

USD 213.46M

6.93 %

Fine Filters

USD 197.68M

38.0 %

USD 438.80M

8.30 %

HEPA and EPA Filters

USD 26.01M

5.0 %

USD 59.30M

8.59 %

Gas-Phase Filtration

USD 98.84M

19.0 %

USD 284.63M

11.16 %

Housings / Monitoring

USD 88.43M

17.0 %

USD 189.75M

7.93 %

DC Exclusive: The 1 MW Filter Change-Out Ledger

DC Market Insights estimates a 2025 fleet-average replacement bill of about USD 3,600 per MW of air-handled IT load a year. The model combines airflow, filter-face count, filter prices and change frequency across recirculation, outside-air intake, make-up air, gas-phase media and electrical-room applications. This ledger explains why the installed base, rather than only the annual build cohort, drives long-term revenue.

Metric

2025 estimate

Replacement filter bill per air-handled MW

USD 3,600/year

First-fit bill per new air-handled MW

USD 11,000

Replacement share of market

78.3 %

Air-handled load

113.1 GW

Which Region Leads the Data Center Air Filtration Market?

North America leads with 39.0% of 2025 value, while the Middle East and Africa grows fastest at 12.13% a year as desert dust and harsh ambient conditions shorten filter life on new Gulf campuses. The United States is the largest country market, while India grows rapidly because dust and corrosive gases increase the need for fine and chemical media.

Indicator

2025 / Base

Outlook

Leading region

North America, 39.0% (USD 202.87 million)

Largest regional spending pool through the forecast

Fastest-growing region

Middle East and Africa, 12.13% CAGR

Dust-intensive Gulf campuses accelerate replacement demand

Largest country

United States, USD 189.34M in 2025

Remains the largest national market

How Could the 2035 Forecast Change?

The 2035 outcome depends on how much AI heat remains on the air side and how quickly filter prices and specification levels rise. The base case assumes liquid-cooled megawatts still send part of their heat to room air and replacement costs continue to increase.

Scenario

Assumption

2035 value

CAGR 2025-2035

Low

Lower air-side heat share and slower replacement inflation

USD 1.08B

7.55 %

Base

15% air-side heat share in mature liquid-cooled halls

USD 1.19B

8.59 %

High

Higher air-side heat share and wider MERV 13 / gas-phase adoption

USD 1.32B

9.78 %

Competitive Landscape and Recent Developments

The top five suppliers account for about half of 2025 value. Competition centers on particulate efficiency, pressure drop, molecular contamination control, replacement logistics and the ability to serve hyperscale customers across multiple regions.

Companies profiled include:

Camfil; AAF International (Daikin Industries); Parker Hannifin (Filtration Group and Purafil); Freudenberg Filtration Technologies; MANN+HUMMEL; Donaldson Company; Ahlstrom.

In September 2025, Camfil opened a HEPA and ULPA filter line at its Manesar plant in India.In November 2025, Parker Hannifin agreed to acquire Filtration Group, including Purafil, for USD 9.25 billion in cash.In November 2025, AAF International launched its AstroSorb molecular filter line in the United States.In March 2026, Camfil acquired Bioconservación (Bion) of Spain to expand molecular contamination control.In May 2026, Donaldson completed its acquisition of Facet Filtration and Camfil broke ground on a 14,400-square-metre expansion in Malaysia.In August 2026, Parker completed the Filtration Group acquisition, expected to add about USD 1.8 billion to fiscal 2027 sales.

Frequently Asked Questions

What is the size of the Data Center Air Filtration Market?

USD 520.20 million in 2025 and USD 589.74 million in 2026, projected to reach USD 1.19 billion by 2035 at an 8.59% CAGR.

Which filter type leads the market?

Fine filters, including bag and rigid box filters, with 38.0% of 2025 value.

Which segment grows fastest?

Gas-phase chemical filtration, at 11.16% a year through 2035.

Why is replacement spending so important?

Filters on the installed air-handled base are replaced repeatedly, giving replacement filters and media 78.3% of 2025 value.

Which region leads?

North America with 39.0% of 2025 value; the Middle East and Africa grows fastest at 12.13% a year.

Who are the leading suppliers?

Camfil, AAF International, Parker Hannifin, Freudenberg Filtration Technologies and MANN+HUMMEL are among the leading suppliers.

Methodology

DC Market Insights builds the market bottom-up from air-handled installed IT load, annual new capacity, filter faces per MW, replacement frequency, public filter price anchors and application mix. The model is checked against an all-air ceiling, supplier sales and a MERV 8 replacement floor before regional and segment splits are reconciled.

Download Sample Report – Data Center Air Filtration Market

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Data Center Thermal Management MarketData Center Precision Air Conditioning MarketData Center Cooling MarketData Center Liquid Cooling MarketData Center Cooling Tower Market

DC Market Insights Data & Tools

Explore live datasets and decision tools used across DC Market Insights research:

Data Center Database 

Data Centers 

Data Centers Operators 

Global Data Center Capacity 

Deal Tracker 

Power Policy 

Data Center PUE Calculator 

Data Center Construction Pipeline 

Data Center Transaction Comps 

Data Center Site Risk 

Data Center Electricity Rates 

Data Center Footprint 

About DC Market Insights

DC Market Insights is a dedicated research and consulting firm that empowers data center leaders with actionable intelligence. We combine rigorous market research, advanced analytics and practical advisory support to help organizations make confident decisions in an increasingly complex digital infrastructure landscape. Our goal is to transform data into clarity, giving clients the ability to act decisively on strategy, investment and execution.

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DC Market Insights

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Email: sales@dcmarketinsights.com 

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Web: www.dcmarketinsights.com 

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