Going off-grid: miners turn to alternative power supply
Standard practice is for mine site operators to
Schneider Electric, which specialises in digital automation and energy management, has evaluated more than 100 mining micro-grid and power investments across the globe. It says, beyond Australia, Europe leads in investments, accounting for approximately 25% of global investments in on-site power generation for mining.
For mining companies, energy consumption is a major expense, comprising approximately 30% of total cash operating costs. Standard practice is for mine site operators to seek convenient power purchase agreements (PPAs) with local utilities, but a trend is emerging towards miners investing in decentralised on-site power supply.
Many are in Australia, where huge land mass and limited access to the grid make on-site power attractive and necessary. However, mines in other regions are also investing in on-site power supplies due to other factors: namely, decarbonisation and affordability. Artificial Intelligence in Power: Renewable Energy Integrated Micro.
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